To promote healthy growth and development of industries and to encourage friendly feelings and relations amongst the industrial community particularly of Sarigam, and thereby increasing mutual co-operation amongst those engaged in industry, trade and commerce. To adopt common policies and collectively taking such steps as may be deemed necessary to further safeguard the interests of the Industries in Sarigam Industrial Area. To consider problems and difficulties confronting the various types and categories of industries, especially small scale industries, with a view to finding out their solutions and to make representation to the concerned authorities on the same. To subscribe, to become a member of, or otherwise co-operate with any other Association, whether incorporated or not, whose objects are wholly or in part similar to those of SIA and to procure from and communicate to any such Associations, such information as may be likely to further the objects of the SIA.
To study the legislative, executive & other actions of the Union Government, State Government and also the Municipal & other local
authorities affecting the particular industry or industries in general and to study their effects on the industrial development of the country and to take such action as may be deemed necessary to bring to the notice of the authorities concerned. To try and settle by arbitration commercial disputes, if any, between members of SIA, if both parties are agreeable to such a course. To invest and otherwise deal with the moneys of the SIA in such manner as may from time to time be determined by the Executive Committee and to open and operate current, fixed deposit, saving and other accounts with any bank or banks.
To receive money as donations or gifts and/or to borrow, raise or secure the payment of money or to receive money as deposit with or without interest for the purpose of the SIA, and at such time or times and in such manner as may be thought fit and as security for any such money borrowed, raised or received, to mortgage, pledge or charge the whole or any part of property of the SIA in such manner as may be expedient. To make and, from time to time, alter, amend, revoke and enforce rules and bye-laws for the benefit of and binding on the SIA and its members. To arrange, to hold conferences & exhibitions from time to time, to create awakening & to focus popular attention to matters affecting trade, commerce & industry and economic development of the country, in general.
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