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Title: Investment Climate Improvement in East Coast Economic Corridor of India: Governance and Institutional Reforms Support to the Micro, Small, and Medium Enterprises Department, Government of Tamil Nadu
Authors: ADB
Issue Date: Nov-2018
Description: This study identifies policy, institutional, and process reforms needed to improve the Single Window Clearance Mechanism for micro, small, and medium enterprises in Tamil Nadu, India. Micro, small, and medium enterprises (MSMEs) play a vital role in the economic development of India. They contribute about 45% of India’s industrial production and 40% of its exports; furthermore, they constitute 95% of the total industrial units in the country. Energizing MSMEs can significantly boost manufacturing growth and employment in India, and Tamil Nadu in particular where they have a strong presence. Investment in MSMEs has grown at a compounded annual growth rate of 34% during 2007–2017. In addition, there has been a 71% increase in employment generated through MSMEs in 2016/17 over 2015/16 along with a steady 29% increase year-on-year in the number of units registered with the MSME Department. It is evident that the acceleration in MSME growth in Tamil Nadu will need to be sustained through interventions that improve the ease of starting, operating, and doing MSME business in the state.
ISBN: 9789292613327
ISSN: 2071-7202
Country: CAREC
Appears in Collections:ADB Collections

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