Rs 200 Crore Sanctioned For the Development of MSME Technology Center in Coimbatore

The Ministry of Micro, Small and Medium-scale Enterprises (MSMEs) has approved Rs 200 crore for an MSME technology centre to be set up in Coimbatore.

With Rs 200 crore, which will be given by the government at the centre, common facilities will be set up for the micro and small-scale industries here. The project will be implemented by the MSME Development Institute.

Reportedly, representatives of several industry associations and officials related to the industries department met Coimbatore District Collector K Rajamani recently and explained the details of the project.

R Ramamurthy, president of Coimbatore District Small Industries Association (CODISSIA) said that such centres have already come up in Chennai and Kochi. Last time due to land availability problem the Coimbatore project went to Kochi. Now, the city should make use of the opportunity.

While informing that Union government has announced the project for 12 cities, including Coimbatore, R Vijayakumar, branch head of the MSME Development Institute, Coimbatore, said the Collector has assured his support. If the state government provides the land, officials from the MSME Ministry will visit the site. The project will take off after their approval