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I do not want you to think, however, that this support is an
easy option.
Businessmen will still be expected to back their
decisions to invest in new technologies with substantial funds
of their own. The judgment in the end whether or not to innovate,
to go ahead with a new design, product or productive/process, must
be for businessmen themselves to make.
Governments should not substitute their judgment for the commercial
one. To do so leads to wrong decisions and waste. I do, however,
attach great importance to education and/training in the use of new
technologies, particularly for young people. In this the Government
does have a crucial role to play, particularly in encouraging
schools and colleges to provide appropriate facilities.
Our approach to innovation complements and draws inspiration from
a moja our conception of the major part that small and new firms have to
play in industrial
Madd
and economic
ر هند
growth.
Since we took office
in May 1979 we have put in hand a way wide range of measures
amounting to around 90 in all to encourage independent enterprise
and create an environment stimulating to the setting up or the
4. Croduced a expansion of small firms These measures vary very widely. They
widely, but include the small firms service which provides information and advice
on a wide spectrum of business problems not from bureaucrats but
from people with long and successful business careers behind them.
or exam
*
We have reduced or removed legislative and administrative burdens
which
which can bear particularly heavily on the small firm with limited
or overstretched management resources.
We have stimulated the flow
of investment funds to small business by fiscal and other means.
This includes tax relief for outside investors in young companies