Tamil Nadu lacks promotional activities, needs more awareness about govt schemes: MSMEs

New Delhi, Aug 25 (KNN) Because of lack of promotional activities and information about various government schemes, Tamil Nadu is losing businesses to neighboring states, said entrepreneurs from divergent business sectors.

They were speaking at a panel discussion, ‘Scaling up Business in Tamil Nadu’ organized by the Madras Chamber of Commerce & Industry (MCCI) in association with Yes bank.

They said despite having several business promotion schemes, the state lacks promotional activities and information about various government schemes, including major initiatives like single-window clearance and Tamil Nadu Business Facilitation Act that enables business enterprises to secure clearances in a time-bound manner.

Addressing the MSMEs, Secretary of MSME Department of Tamil Nadu, Dharmendra Pratap Yadav, said policy measures such as Business Facilitation Act and single-window clearance has empowered the MSMEs from mere beneficiaries to a questioning authority.

He said, “We are moving from subsidies phase to structural support phase,” adding that the government would provide up to Rs 10 crore for infrastructure support for industrialists who are willing to set up industrial estates on their own.

Organized as part of YES Bank knowledge series, the discussions were designed to equip small and medium enterprises (SMEs) with information about resource planning and management of challenges, especially associated with scaling up in the context of the transformational shifts taking place due to rapid changes in technology.