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"INTRODUCTION Section I 1.1 General Background Industrial development plays a crucial role in the development strategy of any country. The momentum gamed by industrial progress during the last fifty years is a striking feature of Indian industries. Many changes have taken place in our industrial growth and development, which is an outcome of changes that are taking place in the social, political, and economic environment of the country. During the early 1950s, the process of industrialization began as deliberate and conscious efforts on the part of the government to pave the way for the process of economic development. This can be achieved both by collective and individual efforts which are two different forms of entrepreneurship. ""The key factor in the process of industrial development is initiated and nurtured by entrepreneurship."

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