DMK’s vision statement disappoints MSME sector

Other parties had spelt out their plans to revive small industries

March 08, 2021 07:37 pm | Updated 07:37 pm IST - Tiruchi

The MSME sector here is disappointed over absence of specific thrust on development of small industries in the DMK's 10-year vision statement for the State's development.

The seven broad categories identified for development constitute economy, agriculture, water resources, education and health, urban development, rural infrastructure and social justice.

DMK president M.K. Stalin did talk about the target for double-digit economic growth over the next 10 years and creation of 10 lakh job opportunities every year, but made no mention about extricating the MSME sector from the financial troubles accentuated by COVID 19 lockdown, industry watchers say.

“It is shocking that the vision statement of DMK has no mention on infusing vibrancy into MSME sector,” R. Elango, president of Tiruchi District Tiny and Small Scale Industries Association, said, wondering how the sector that is in dire need of active intervention for revival could be overlooked.

“We are not happy with the generalisations in the vision statement on industrial development. There ought to be a special focus on MSME sector with particular reference to industries. Educated people can be provided employment only in industries; they cannot be expected to take up agriculture,” Rajappa Rajkumar, president of BHEL Small Industries Association said.

In its MSME (micro, small and medium enterprises) policy, 2021, unveiled recently, the AIADMK government had promised a three-fold increase in capital subsidy, and strengthening the role of Tamil Nadu Industrial Investment Corporation.

Other parties had spelt out their plans for MSME sector. The PMK has promised SIPCOT industrial estates for every district, and region-wise industrial development, adapted to the area-specific advantages in terms of eco-system, and availability of raw material.

The Makkal Needhi Maiyam has promised support for the MSME sector through mentoring by financial institutions and government initiatives; start of skill development super parks in every district under public-private partnership; and timeline-based business facilitation model.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.