The agency lamented that only one out five small scale industries survived due to non-conducive environment resulting from ineffective regulations “Only one out five of the small industries established celebrates its fifth anniversary, before they clocked five they would have died that means 80 percent of the business established die yearly,” SMEDAN said. SMEDAN Group head, enterprises promotion, S. Adebiyi, made the observation during an African Entrepreneurship seminar, organised by it in collaboration with the Scientific Committee on Entrepreneurship of the University of Essex, United Kingdom. Adebiyi, who attributed the high mortality rate of SMEs to lack or feeble legal structure in the country, observed that the small industries were not always able to survive some of the unfriendly policies that either directly or indirectly targeted at them. While observing that “the issue of multiple taxation is also creating major problems for MSMES in the country,” Adebiyi noted that a situation where small business owners were made to pay tax to every level of government, could take the life out of any small and medium enterprise.

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Events in Goa: Organization and Logistics Management

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