Industries look forward to 2022 with optimism
The Hindu
Department has introduced new measures to turn State into a more investment-friendly destination
Industrial units in the State, which have been through harsh times during 2020 and 2021, look forward to a brighter 2022 as the Industries department has introduced many new measures to turn the State into a more investment-friendly destination.
Minister P. Rajeeve told The Hindu that 5,000 new micro, small and medium enterprises (MSMEs) had been launched during 2021, a considerable achievement. The launch of these units had taken place against the background of the COVID-19 restrictions. The department had also been able to bring about changes in regulations to provide speedy sanction to new units.
Mr. Rajeeve said a grievances settlement system with legal powers and licence for units with up to ₹50 crore investment in seven days were the other steps taken by the government.