1500 new MSMEs began operation in April: Kerala Industries Dept

Thiruvananthapuram, May 6 (KNN) During the first month of “Year of Enterprises” in April, approximately 1,500 micro, small, and medium enterprises (MSMEs) started functioning in Kerala, said the state industries department. 

The overall target of the department is to set up one lakh new MSMEs in the state for FY23.

Due to the covid-19 pandemic only 882 new units were opened during last April and later in October there was an increase in the number of new units when 1,599 enterprises were registered.

Total 15,285 units were opened in the last fiscal year.

The department has emphasised on the importance of participation from local self-governments which will help to achieve the target of one lakh new enterprises. 

The MSME clinics will also start functioning this week which is an initiative by the Industries Department to address the different issues faced by existing and aspiring entrepreneurs.  (KNN Bureau)