DMK govt. has nearly doubled the allocation for MSME sector when compared to 10 years of AIADMK regime: CM
The Hindu
Tamil Nadu Chief Minister M K Stalin allocates ₹6,626 crore for MSME sector, emphasizing industrial growth and women empowerment.
Tamil Nadu Chief Minister M.K. Stalin on Thursday said the DMK government has allocated funds to the tune of ₹6,626 crore for the MSME sector, which is almost twice the ₹3,617.62 crore allocated for the sector during the 10 years of the previous AIADMK regime.
“With more than 35 lakh registered MSMEs, Tamil Nadu ranks third in India. These companies have created employment opportunities for 2.47 crore people,” he said after inaugurating the 16th edition of ACMEE 2025- international machine tools exhibition organised by the Ambattur Industrial Estate Manufacturers Association (AIEMA) at the Chennai Trade Centre.
Considering the contribution of MSMEs to the economy of Tamil Nadu, this financial year, ₹1,918.22 crores have been allocated to this sector, Mr. Stalin said, while also listing some of the progress made by the State in industrial development under the DMK regime.
“Under our Dravidian model of governance, industry has grown tremendously. Tamil Nadu is ranked third in India with exports of US$30.50 billion. In the manufacturing sector, Tamil Nadu’s contribution to India’s total production is 11.90%, he said.
“We have created 14 industrial parks. Tamil Nadu ranks first in the production of motor vehicles, readymade textiles and leather goods. It ranks second in the production of textile machinery and electronic goods,” Mr. Stalin said.
Out of 14.9 lakh women workers in India, Tamil Nadu alone has 6.3 lakh women in the workforce, which is 42% of the total and 30% of the entrepreneurs in Tamil Nadu are women, he said.
The government will set up multi-storey industrial complexes in Guindy and Ambattur, a silver ring manufacturing complex set up in Salem, a hostel for workers in Coimbatore, a pharmaceutical complex in Tindivanam and a gold jewellery park in Coimbatore, Mr. Stalin said.
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