“Tamil Nadu led the way in the yesteryears in industrial development, especially through MSMEs and the competition has caught up with Tamil Nadu. It is time that the state re-discover their true potential and earn their rightful place nationally and internationally” said Thiru Mangat Ram Sharma, IAS., Principal Secretary, Department of MSMEs, Government of Tamil Nadu during his speech as the Chief Guest at the 3rd State Executive Committee Meeting of Tamil Nadu for the Year 2017, organized by FICCI Tamil Nadu State Council. Prominent businessmen, educationists, scientists and engineers including His Excellency Mr Vadivel Krishnamoorthy, Deputy High Commissioner of Sri Lanka in Southern India, Dr P Shivakumar, Distinguished Scientist & Director, CVRDE, DRDO, Avadi, Mr Prasanta Kumar Mohanty, General Manager, Indian Overseas Bank, Mr Ar Rm Arun, Chairman, FICCI Tamil Nadu State Council, Mr P Murari IAS., Adviser to FICCI President & Former Secretary to President of India and several others participated.
Thiru Mangat Ram Sharma, Principal Secretary, Department of MSMEs, Government of Tamil Nadu continued : “The government has underscored their commitment to the promotion of MSMEs by almost doubling budgets in the current fiscal year. Considerable spadework has been completed and government orders issued, so implementation of these schemes have already commenced in several districts of the state”. He identified Energy Savings Scheme as an example where the government has extended subsidies and support to initiatives such as creation of awareness, training and conducting energy audits in the MSME sector. Likewise, any initiative by MSMEs for advancement of the sector will be viewed with great interest and government support and funding to such efforts will follow” said Thiru Mangat Ram Sharma. He welcomed the initiative of FICCI as a platform to help MSMEs in this direction.
In his address on Bilateral Trade between India and Sri Lanka, His Excellency Mr Vadivel Krishnamoorthy, Deputy High Commissioner for Sri Lanka in Southern India stated that both the nations enjoyed a legacy of association exceeding 2500 years. “While the trade co-operation between India and Sri Lanka is growing by the day, Tourism ranks probably among the top. India ranks # 1 in terms of tourists into Sri Lanka and the strategic location of Sri Lanka is a major advantage. Flying into Sri Lanka is faster than flying to a few other cities of India. Number of Sri Lankan tourists to India visiting Varanasi, Bodh Gaya and even other religious centres such as Tirupathi, Kancheepura, is growing by leaps and bounds. Connectivity between Sri Lanka and India is excellent with about 120 plus flights a week between the two nations. In addition, food processing sector is another key area of interest to Sri Lanka and Sri Lanka would welcome MSME participation in this sector” said Mr Vadivel Krishnamoorthy.
In his address, Mr Prasanta Kumar Mohanty, General Manager, Indian Overseas Bank stated that MSME growth was a priority sector for Indian Overseas Bank and hence reiterated their complete support to initiatives of FICCI in aiding the MSMEs. MSMEs in Tamil Nadu can look forward to this, as Indian Overseas Bank is the Lead Bank for the state of Tamil Nadu for MSMEs during the recent years.
Welcoming the participants, Mr Ar Rm Arun, Chairman, FICCI Tamil Nadu State Council & Chairman, Valingro Group stated that FICCI Tamil Nadu State Council has embarked on a new and special exercise under the brand “Advantage TAMIL NADU” to highlight the various strengths that Tamil Nadu offers to prospective investors as also the advantages to new and prospective investors in the state of Tamil Nadu. Tamil Nadu has a legacy of strong and successful MSMEs over the last 60 plus years and even as of date, Tamil Nadu has the largest number of registered MSMEs in India … 6.89 lakh registered MSMEs producing over 8,000 products with a total investment that exceeds Rs. 32,000 crores. With foreign investments flowing in across various sectors, there are a number of foreign MSME companies entering India and there is a need for hand-holding in such joint ventures and facilitation, said Mr Arun.
This was followed by a Brainstorming Session on Sunrise Industries in Tamil Nadu.
Speaking in the session, Mr N Shekhar, President, Aerospace Industry Development Association for Tamil Nadu (AIDAT) stated that Tamil Nadu should consider aerospace industry as a sunrise industry … for the industry can help bring size dimensions in a significant way. “Aerospace Industry has the potential to create 1 lakh jobs over 10 years. It is pertinent to note that China and India are the 2 major nations that place orders for new aircraft … in developed nations such as UK, USA and elsewhere, orders are for replacement of ageing aircraft. India currently has nearly 600 commercial aircraft, achieved over the last 60 years. However, this number will swell to 2100 aircraft in the next 20 years. Engineering services for aviation industry is estimated at US $ 95 Bn worldwide and even a small fraction of this can mean employment to several thousands of engineers. Hence aerospace is really a sunrise industry for Tamil Nadu” said Mr Shekhar.
Dr P Shivakumar, Distinguished Scientist & Director, CVRDE, DRDO, Avadi Chennai stated that active co-operation between industry and academia can be a big booster for MSMEs. Industry-oriented training can help in candidates being ready-for employment as MSMEs may not be able to invest considerably in training and development of personnel in the early stages of their business cycles. He also listed other initiatives by DRDO to assist young minds in being readied for industry use, especially in defence-related services in Southern India.