Industry heads from Coimbatore and Tiruppur districts meet Chief Minister Vijay

Heads of concern associations successful Coimbatore and Tiruppur districts met Chief Minister C. Joseph Vijay successful the past fewer days.

The Chairman and Managing Director of Lakshmi Machine Works (LMW), Sanjay Jayavarthanavelu, and Chief Strategy Officer K. Soundhar Rajhan, met Mr. Vijay recently.

M. Karthikeyan, president of the Coimbatore District Small Industries Association (CODISSIA), V. Rangaswamy, its vice president, M.V. Ramesh Babu, caput of COINTEC, and V. Sundaram, director, of the CODISSIA Defence Innovation and Atal Incubation Centre, met Mr. Vijay connected Wednesday.

In a practice submitted to the Chief Minister, the CODISSIA said that contempt the beardown concern basal and important publication of MSMEs to the State’s economy, timely and capable backing continues to stay a large challenge, particularly for micro industries. And information shows that backing for the MSMEs done the yearly recognition program is declining.

Further, the banks are reluctant to widen loans to MSMEs nether the CGTMSE scheme. In Tamil Nadu, loans sanctioned nether CGTMSE magnitude to lone ₹20,000 crores whereas the full loans extended crossed India during 2024 – 2025 were astir ₹3 lakh crore. Out of this, Coimbatore received lone ₹2,116 crore, which is importantly debased considering the region’s beardown MSME and manufacturing base.

The Association advised banks to heighten and guarantee capable recognition travel to the MSMEs, peculiarly micro enterprises. The State authorities should signifier a committee with MSME relation representatives and banks to show the advancement of funds and the fig of units funded.

Chairman of AEPC A. Sakthivel and president of the Tiruppur Exporters’ Association (TEA) K.M. Subramanian besides met the Chief Minister. The delegation sought the enactment of the State authorities for the maturation of Tamil Nadu’s apparel manufacture and accomplishment of the $ 15 cardinal apparel export people by 2030.

Mr. Sakthivel highlighted the value of the apparel assemblage to the State’s system arsenic Tiruppur accounts for astir 68 % of India’s knitwear exports and provides employment to implicit 10 lakh workers, with women constituting astir 65 % of the workforce.

Tamil Nadu has immense imaginable to look arsenic a planetary hub for sustainable apparel manufacturing, helium said.