FICCI MSME SUMMIT 2022: Role of MSMEs towards attaining $1 Trillion GDP for Tamilnadu

Chennai: “Honourable CM of Tamilnadu, M K Stalin is motivating and driving every sector to scale our States GDP to $1 trillion by 2030, among which MSMEs would make its major contribution says T M Anbarasu, Honourable Minister of MSME for Tamilnadu . Addressing MSME Summit 2022 , organised by FICCI, T M Anbarasu says with 7.76 lakhs of MSME units, we are the second largest State in the country to support this sector. In terms of employment it stands next to agriculture as it provides highest rate of employment with least investment. He also asserted that Tamilnadu is the only state which has granted investment subsidies in single instalment to support MSME even during the covid crisis. 2784 firms have received a sum of 169.44 crores of investment subsidies in a single spell which normally takes three spells. So far the Government has granted Rs.266 crores of investment subsidies to 8142 graduated youth and further it has relaxed the educational qualification as HSC...