Abstract

This paper describes the influence of industrial cluster that facilitates a firm to expand and enhance its level of performance by accelerating regional development. In today’s global economy, cluster strategies play a vibrant role to pick up the pace of regional economic growth, to meet the global challenges by boosting human capital. It is the key to understand the performance of regional economies and competitiveness of individual firms. Research shows how small enterprises are enhancing their competitiveness by joining clusters to meet global trend, to gain competitive advantages and to achieve better performance than earlier. This paper tries to focus on how industrial clusters speed up the regional economic growth and performance of a firm by heightening the human capital.

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