TN Budget 2022-23; COSIEMA disappointed as no announcement on industrial estate set up for MSMEs

Coimbatore: The COSIEMA has expressed mixed feedback on this year's budget, presented for Tamil Nadu.

The Tamil Nadu Minister for Finance, Palanivel Thiagarajan presented the budget for the financial year 2022-23, which has been receiving mixed comments in Coimbatore. COSIEMA has expressed disappointment at no announcement made on setting up Industrial Estate for the micro-enterprises. The Coimbatore SIDCO Industrial Estate Manufacturers' Association has stated that,

The announcement to establish a wide range of industrial estates across Tamil Nadu that will attract Rs.50,000 crore industrial investments is appreciable. Allocation of special funds of Rs.100 crore for infrastructure facilities to promote exports. Allocation of investment subsidy of Rs.300 crores for MSMEs. Special Programme at a cost of Rs.2877 crores to improve 761 ITIs were the aspects of positivity.

Disappointing aspects include, no announcement to set up a separate industrial estate for Microenterprises, no plans to set up skill development training centers, and no concessions on electricity charges for Mini Industries.