Chennai, Tamil Nadu, India : A
successful Roundtable Discussion on the MSME Ecosystem in Tamil Nadu concluded at
the Ramada Plaza by Wyndham, Chennai. The event brought together a diverse
group of stakeholders to address the critical challenges faced by Micro, Small,
and Medium Enterprises (MSMEs) in the state and explore potential solutions.
The
event was graced by the presence of Ms. Archana Patnaik, IAS, Secretary to the
Government of Tamil Nadu, MSME Department, as the Chief Guest. Mr. Sakthivel Ramaswamy, Co-Chair of ASSOCHAM National Council (MSME) and CEO of KRR
Engineering, Er. K. Mariappan, Co-Chair of ASSOCHAM Tamil
Nadu State Development Council, were also present in the discussion.
Representatives
from public sector banks including Indian Bank, State Bank of India, industrial
associations, industrial hubs, skill development institutions, industrialists,
traders, MSMEs, Consultants and academicians attended the roundtable. The
discussions focused on two key areas: MSME’s Access to Capital and Market
Access.
Participants
deliberated on the challenges faced by MSMEs in securing adequate financing for
their operations and growth. Potential solutions discussed included improving
access to credit facilities, reducing interest rates, and providing
collateral-free loans. Additionally, the need for MSMEs to expand their market
reach and showcase their products and services was highlighted. Strategies such
as enhancing branding and marketing efforts, leveraging digital platforms, and
facilitating access to domestic and international markets were explored.
The
roundtable discussion generated a wealth of ideas and actionable
recommendations. Participants expressed a strong commitment to working together
to create a more supportive ecosystem for MSMEs in Tamil Nadu to achieve the
vision of Hon’ble Chief Minister of Tamil Nadu Thiru MK Stalin for $1 trillion
economy by 2030. The event provided a valuable platform for dialogue,
collaboration, and the generation of innovative solutions.
The
outcomes of this discussion are expected to have a positive impact on the
growth and development of MSMEs in Tamil Nadu.
For more details, Please contact: Chennai Public Relations