Contrary to claims that the industrial climate in Tamil Nadu has
improved, close to 50,000 micro, small and medium enterprises (MSMEs)
have been wound up in the State in just one year on account of a host of
factors.
A government policy note tabled by the MSME Department
in the Assembly on Thursday June 07,2018 revealed that the total number of registered
micro, small and medium industrial units in Tamil Nadu had dipped by a
significant 18.45% in 2017-18 from the previous year. In absolute
numbers, as many as 2,67,310 MSMEs were registered in 2016-17; this
figure fell to 2,17,981 during 2017-18.
This means 49,329 industrial units wound up operations in one year. In a parallel development, the number of workers employed in MSMEs has fallen by over five lakh during the same period.
In 2016-17, the number stood at 18,97,619, but in 2017-18, it dwindled to 13,78,544.
This means 49,329 industrial units wound up operations in one year. In a parallel development, the number of workers employed in MSMEs has fallen by over five lakh during the same period.
In 2016-17, the number stood at 18,97,619, but in 2017-18, it dwindled to 13,78,544.
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