Madras Chamber of Commerce launches ecosystem for startups
Updated: Sep 30, 2015 12:04:43pm
The chamber planned to support non-IT start-ups and the ecosystem will focus more on manufacturing and service sectors.
At the launch of the SEE here on Tuesday, President of MCCI, SG Prabhakharan said the chamber will provide the support and guidance for these sectors.
Tamil Nadu has over 8.44 lakh MSME units registered and nearly 6.4 million people employed in them. More than 80 per cent of startups are from the manufacturing and the service sectors, but the focus is more on IT startups, he said.
Tamil Nadu has around to 600 new start-ups coming out each year in Chennai alone. (KNN Bureau)