TANSTIA

Tamilnadu Small and Tiny Industries Association

The Apex Body of MSMES

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President’s Message

Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the  socio-economic development of the country. The  Make in India  campaign formed by Honble Prime Minister of India Shri Narendra Modi Ji, is mainly to enhance  the manufacturing activities in our country itself. Further the Govt. of India is proposing to announce various welfare schemes to create wonderful atmosphere for the manufacturing sectors in all the States and utilization of  the oppurtunities to our best is  in the hands of the entrepreneurs. As more business oppurtunities in all sector are expected in the days to come towards the goal of Make  in India  campaign,  the days are not far away for the entrepreneurs to enjoy more industrial benefits for their growth who are ready  to utilize the oppurtunities for which they should have thorough knowledge about the latest technology developments to face the competition globally and the MSMEs has to participate more domestic and international industrial exhibitions and Trade Fairs organized by various Trade Promotion organizations.  You are  all aware about the Memorandum of Understanding signed with Indian Overseas Bank for the purpose of getting speedy financial assistance for the members of TANSTIA and some of the members have only sent their  documents  which we have forwarded to IOB.  As the IOB is very eager to provide the required financial assistance for the members of TANSTIA and to achieve the purpose of MOU made with one of the nationalized Bank (IOB) in the presence of Honble Rural Industries and Labour Minister   Mr. P. Mohan and to utilize this golden opportunity to the best of our industries growth, we request all the members who are interested to avail the financial assistance to forward all the prescribed documents to TANSTIA to enable us to forward the same to IOB and help them in this regard.  Recently, we had a meeting with the Managing Director, TANSIDCO and discussed about the issues faced by the TANSIDCO Industrial Estate member units,  Associations along with the issues related to show cause notice issued by SIDCO without any intimation to the allottees.  The Managing Director requested TANSTIA to inform to the members to directly forward all the issues including the show cause notice to the Managing Director of TANSIDCO with a copy to TANSTIA.  Hence all the members are requested to kindly forward their issues related to TANSIDCO directly to the Managing Director and send a copy to TANSTIA for information.

C.BABU
PRESIDENT