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Tamil Nadu attracted 32% of total investment proposals by MSMEs; highest in the country: Study

Updated: Oct 30, 2015 02:41:40pm
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Chennai, Oct 30 (KNN) The southern state of Tamil Nadu attracted about 32 per cent share in total investment proposals filed by micro, small and medium enterprises (MSMEs) in the country during 2013-14, according to a study.
 
The 32 per cent share by the state is the highest in the country, according to a study conducted by industry body ASSOCHAM.
 
As reported by media, the study stated that in terms of simple growth, the entrepreneur memorandum in the MSMEs received by Tamil Nadu had grown by 178.5 per cent from about 41,800 in 2009-10 to over 1,16,390 in 2013-14.
 
About 3.62 lakh entrepreneur memorandums were filed across the country by MSMEs during 2013-14 fiscal.
 
Gujarat (16.2 per cent), Uttar Pradesh (12.5 per cent), Karnataka (7.2 per cent) and Maharashtra (5.5 per cent) were among the top five States in terms of distribution of entrepreneur memorandum filed by the MSME sector in the country. (KNN Bureau)

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