TN expert committee proposes ‘Corridors and Clusters’ approach for MSME revival

Chennai, May 24 (KNN) The expert committee set by the Tamil Nadu government to revive the MSMEs has suggested the ‘corridors and clusters’ approach in the long run.

The special committee has submitted a slew of recommendations which includes the adoption of ‘corridor and cluster’ approach in the long run and single window clearance in the short term, as published in Hindu Business Line.

Approximately 100 recommendations have been submitted to the state government.

The committee constitutes of 12 members from different areas such as business, the financial sector, academicians, consultants and venture capitalists, and was chaired by former Industries Secretary N Sundaradevan.

Having one of the highest number of MSME units in India 80 per cent of the enterprises belonging to the informal sector in Tamil Nadu.

The main purpose of the committee was to provide inputs to the state government that would bring noticeable change and help in the revitalization of the MSME sector.  (KNN Bureau)