Micro, Small and Medium Enterprises Policy - 2021

The Tamil Nadu government is targeting Rs 2 lakh crore worth investments in the next four years in the MSME sector as it unveiled a new policy to make the state a vibrant eco-system for MSMEs and startups. The policy which was released by Chief Minister also plans to create jobs for 20 lakh persons in the sector and increase the share of exports from MSMEs in the state by 25 per cent. As per the policy, MSME Trade and Investment Bureau (M-TIPB) will provide escort services to prospective foreign investors in the MSME sector. M-TIPB will facilitate the entrepreneurs for availing clearances from the Single Window Portal and escort them for setting up of industries and availing incentives to them. The vendor MSMEs for the large enterprises will also be identified by M-TIPB. This will accomplish the goal of making the state Asia’s most favoured investment destination for MSMEs as envisaged in the Vision 2023 document.

Related Content