- The Times Of India
TN chanting MSME mantra
Chennai: When Tamil Nadu chief minister M K Stalin met Union minister Piyush Goyal in New Delhi two weeks ago, their discussion centred around textile parks and runaway steel prices. The agenda mirrored the focus of last month's state budget which announced a 48% jump in allocations for micro, small and medium enterprises (MSMEs) compared to last fiscal. Policymakers and industrial experts agree that TN can step up the game only when small and medium vendors scale up in segments such as heavy engineering, automotive, textiles and leather. Plagued by credit availability, high raw material prices and skill shortage, TN's MSME sector does need urgent attention.