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260% jump in funds utilised by MSME Ministry in 5 years: Govt data

260% jump in funds utilised by MSME Ministry in 5 years: Govt data
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MSME technology centre to come up at Arasur village | Coimbatore News

Coimbatore: The ministry of micro, small and medium enterprises (MSMEs) has identified 14.6 acres at Arasur village in Sulur block to set up an MSME technology centre. The centre will have cutting-edge machineries, said R Vijayakumar, assistant director in-charge of the MSME Development Institute in Coimbatore. “It will have the latest equipment that most of the MSMEs could not afford. The units can make use of the equipment, which will help them meet international competition by improving product quality. The centre will meet the needs of foundries, coir units, automobile and textile industries. Before finalizing the machineries, another round of meeting will be conducted with the industrialists,” he said.

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