TANSTIA Seeks Revival of Technology Upgradation Subsidy for Tamil Nadu MSMEs
Tamil Nadu is home to about 43 lakh registered MSMEs and leads the country in exports of automobiles, electronics, textiles and leather, yet a large share of its small and micro units still run on machines a decade older than what competitors in China and Vietnam use, and absorb power tariffs that have risen sharply over the past four years. These are the kind of gaps that the state’s small industries have been pressing the government to address, even as Tamil Nadu chases its target of becoming a one trillion dollar economy.
S. Vasudevan, President of the Tamil Nadu Small and Tiny Industries Association (TANSTIA), met Chief Minister Thiru C. Joseph Vijay on 20 June and submitted a detailed memorandum on these and other challenges facing the state’s micro and small industries. Vasudevan said the Chief Minister heard out every point raised by the association, which has represented small-scale entrepreneurs...
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