CHENNAI: The Tamil Nadu government on Wednesday constituted a 13-member expert committee for revival of MSMEs in the state.
It will be headed by N Sundaradevan, former Industries secretary, Tamil Nadu government.
The state government had promised to constitute such a committee “to formulate schemes for revival of MSMEs” in the Governor’s address delivered to the state assembly on June 21, 2021.
A statement from the government said the committee will include Prof M Vijayabhaskar, part time member of State Development Policy Council; Bindu Anand, former member of RBI Committees on financial inclusion, SME finance and securitization; N Balasubramaniam, former CMD, SIDBI; Hemalatha Annamalai, co-founder and ex-CEO, Ampere Vehicles (e-vehicle); Israr Ahmed, regional chairman, FIEO; Anburajan, president, TANSTIA and R Anand, ex-partner, Ernst and Young and former member of RBI Committee on Asset Reconstruction Companies.
In addition, secretaries to Tamil Nadu government for finance, industries and MSME as well as industries commissioner and chairman, State Level Bankers’ Committee. The newly constituted committee will submit its report to the state government in three months.
MSMEs play a vital role in economic development apart from providing employment and export earnings. MSMEs are undergoing a very difficult period due to Covid pandemic and also due to various economic factors, the statement said. The committee will look into the challenges faced by the MSME sector in Tamil Nadu and will suggest immediate, medium and long term measures required for the revival of the MSME sector, the statement said.
