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29/07/2021 01:02pm

TN govt constitutes committee for reviving MSMEs

image TN govt constitutes committee for reviving MSMEs

Chennai, Jul 29 (KNN) The Tamil Nadu government has constituted a committee for revival of Micro, Small and Medium Enterprises (MSMEs) which would be led by retired IAS officer N Sunderadevan.

This comes after Governor Banwarilal Purohit made an announcement in the House that, “... An expert committee consisting of industrialists, banking and financial experts, and government officials will be constituted to formulate schemes for revival of MSMEs”.

According to an official statement on Wednesday, the committee will look into the challenges faced by the MSME sector in Tamil Nadu and suggest immediate, medium-term and long-term measures required for the revival of the sector. It will also suggest measures needed to improve loan facilities to MSMEs and boost exports by MSMEs.

''The committee will look into infrastructure, Ease of Doing Business (EoDB), and manpower related issues that are affecting the MSMEs. It would also suggest measures to promote industrial growth in the backward regions of the state,'' the statement added.

The committee is expected to submit its report within three months.

The 12-member committee will include: Prof M Vijayabhaskar, part time member, SDPC, professor at MIDS; Bindu Anand, former member of RBI committees on financial inclusion, SME Finance and Securitization; N Balasubramanium, former Chairman and MD, SIDBI; Hemalatha Annamalai, co-founder and Ex-CEO, Ampere Vehicles (Electric Vehicle); Israr  Ahamed, regional chairman, Federation of Indian Export Organisations; Anburajan, president, TANSTIA and R Anand, ex-partner, Ernest and Young.

The ex-officio members of the panel are: Secretaries of the Finance, Industries, MSME Departments, Industries Commissioner (Member Convener) and the Chairman, State Level Bankers Committee.

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