New Delhi, Dec 31 (KNN) So far, about 2,388 Micro, Small, and Medium Enterprises (MSMEs) in Coimbatore district of Tamil Nadu have signed Memorandum of Understandings (MoUs) with the State Government to invest Rs.2,838 crore as part of the Global Investors’ Meet (GIM).

GIM is to be held in Chennai in January.

The District Industries Centre organized a road show with focus on MSMEs for the GIM in which the Minister for Municipal Administration and Rural Development S.P. Velumani distributed the MoUs.

The road show is organized to attract investments in different sectors.

He also disbursed Rs.5.01 crore of loans with subsidy to entrepreneurs.

So far, 2,388 MSMEs have signed MoU for investment in the district. In the last eight years, 3,925 MSMEs here have received Rs.88.95 crore as capital, back ended interest, power and VAT subsidies, Velumani said.

He said that the State Government has introduced single window system to get approvals.

The Government will provide all the support required for starting of new businesses in the State, he added.

The Minister added that he has appealed to the Central Government to extend the Mumbai-Bengaluru industrial corridor to Coimbatore and include the city under the list of World Class cities being prepared.

Of the 15 lakh registered MSMEs in the State, nearly 75,000 are in Coimbatore District.

The district is known for production of automobile components, textiles, pump sets and coir products.