Home / Knowledge / News / Textiles / TN govt plans initiatives for benefit of textile MSMEs
TN govt plans initiatives for benefit of textile MSMEs
15
Dec '12
The government of southern Indian state of Tamil Nadu is planning to soon launch new schemes and facilities for the benefit of Micro, Small and Medium Enterprises (MSMEs), including textile MSMEs, in the state.
 
Speaking at the inaugural ceremony of Coimbatore Economic Summit 2012, Mr. Harmander Singh, Industries Commissioner and Director of Industries and Commerce, said the state government will soon unveil more initiatives for MSMEs in the state.
 
He said Rs. 1 billion was allocated by the state government for MSMEs in 2011-12 and the sum would cross Rs. 1.5 billion for the current fiscal, and the amount would exceed Rs. 2 billion if the subsidy provided by the Central Government is also taken into account.
 
Mr. Singh said the state government offered reimbursement of value added tax, introduced employment guarantee programme for unemployed youth, provided subsidy to purchase generator sets and even offered capital subsidy – all to promote MSMEs in the state.
 
Tamil Nadu has the largest number of MSMEs in the country. It also employs 15 percent of the total workforce employed in MSME sector across India.
 

Fibre2fashion News Desk - India


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Urmil Arya

Sushila International, a well established textile organisation established ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search