Abstract
The Industrial Sector particularly the Small Scale Industrial Units (SSI Units) plays as an important role in the economy of any country and so the case of Andaman and Nicobar Islands also.. Now the SSI Units is the only scope of this Study Area for its economic development. Surprisingly, such important sector of the Andaman Islands has been given little attention. The Small Scale Industrial Entrepreneurs (SSIE) are handicapped by the lack of knowledge. The sick units and even closed units have been identified and discussion were being made on the various issues like the style of workings, labour issues, capital structure, source of capital, reasons for the location, sales, cash management, stock management, style of planning, decision making, expansion of the Industrial , controls, communication, accounting practices, auditing, usages of funds, nature of customers, credit facilities offered and obtained, market for the product, competition, management of funds, management of fixed assets, causes for the closure of the Industrial units etc., The whole causes of failure has been grouped into four categories namely, Absence Activities, Lacking Activities, Poor Activities, Failure of Activities, and Over Activities. Knowledge on accounting, advertisement, innovation, planning, performance monitoring, auditing, Industrial education, cash management, communication, debtor management, stock management, feasibility analysis, market analysis, delegation, customer relations, and knowledge in understanding the causes of absence activities, lacking activities, poor activities, failure activities etc., are to be given to the existing entrepreneurs. The suitable suggestions are offered to prevent the sick and the failure.