Tag

Msmes

All articles tagged with #msmes

natural-disasters2 years ago

Chennai's Industrial Landscape and Urban Planning Wake-Up Call: Dealing with Cyclone Michaung's Aftermath and Floods

Chennai's industrial landscape is grappling with the aftermath of Cyclone Michaung, with large-scale units resuming operations while MSMEs face crippling losses and neglect. The Vichoor SIDCO estate, home to 110 companies, has been severely impacted, with floodwaters submerging whole industrial units and causing extensive damage. Larger companies, particularly in the IT sector, have faced minimal damage and have been able to restart operations. However, MSMEs under the Tamil Nadu Small Industries Development Corporation have suffered greater damages and disruption. The disparity in recovery highlights the challenges faced by smaller industries and the need for inclusion in disaster relief frameworks.

businesseconomy2 years ago

"Empowering MSMEs: Celebrating the Impact of Small Businesses in 2023"

The global working environment for micro, small, and medium-sized enterprises (MSMEs) has been disrupted by multiple shocks and crises, making them vulnerable to inflation and supply chain disruptions. Women and youth-owned enterprises face additional challenges due to limited access to finance, capacity-building support, and global markets. Policies that support MSME development and entrepreneurship for women and youth are crucial to address these challenges and contribute to the achievement of Sustainable Development Goals. This MSME Day will also focus on supporting resilient supply chains to ensure economic viability and sustainability.