CII-South Region to prepare vision documents for 6 districts in Tamil Nadu

Chennai, June 9 (KNN) Confederation of Indian Industry - Southern Region (CII-SR) will put together vision documents for six districts of Tamil Nadu.

This is a part of the association’s wider aim to transform and empower MSMEs in the South of India. 

The vision documents for Tamil Nadu have the objective to promote the State as a hub for media and entertainment sectors as part of its broader agenda – South India@75 to South India@100 during FY24 and FY25.

“While South India accounts for about one-third of India’s GDP, Tamil Nadu is the growth engine for the country and has a more special role with a 9.1 per cent share in the country’s GDP. Tamil Nadu, Karnataka, Telangana, and Andhra Pradesh are top achievers in ease of business doing rankings, Puducherry is also emerging as a business destination. Kerala has aspirations too. Overall, South India will play a vital role in driving GDP growth,” said Kamal Bali, the newly elected Chairman of CII-SR and President and MD of Volvo Group India.

He said CII would handhold 2,000 MSMEs, including 800 MSMEs in Tamil Nadu, who will be serviced and sensitised on various elements of competitiveness and digital transformation initiatives. 

“MSMEs are the major job creators. But they are not able to scale up beyond a particular level. We want these MSMEs to scale up and to go to global standards,” he added.

For the benefit of MSMEs in the region, CII through its ten centres of excellence will conduct two-day programmes in every district over the next 1-1.5 years to make them understand global practices, ways to develop new products and devise business plans, read balance sheets and how to transform and embrace technologies at free of cost” he added.

Bali also stated that CII would request the Central and State governments to extend the credit guarantee scheme or provide interest subvention for the MSMEs as the hike in interest rates in recent months was impacting the small units.  (KNN Bureau)