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The Economic Times
The Economic Times
Neha Dewan

ET Business Growth Summit Chennai: Innovation and R&D key to unlocking MSME potential

The ET Business Growth Summit in Chennai showcased the entrepreneurial spirit, innovative thinking, and growth ambitions of businesses, especially micro, small, and medium enterprises (MSMEs) in Tamil Nadu. The summit, held in the city on Friday, attracted a full house of industry leaders, government officials, entrepreneurs, associations, and MSMEs. They engaged in discussion regarding the challenges and opportunities ahead for these businesses as they look to expand globally.

The summit started with a keynote address by Sanket Balwant Waghe, IAS, Executive Director, Tamilnadu Industrial Development Corporation Ltd. In his address, he pointed out that Tamil Nadu’s advantage is not only its industrial scale but also the diversity and depth of the ecosystem it has built over the years. “Tamil Nadu’s manufacturing strength is expanding from traditional industries to electric mobility, semiconductors, aerospace and defence, life sciences and advanced manufacturing,” he said.

Next up was a special address by K.V. Reshma, Additional Director, Department of Industries & Commerce, Tamil Nadu Government. She said that MSMEs are the bedrock of Tamil Nadu’s industrialisation, transforming job seekers into job creators. “Tamil Nadu’s MSMEs are evolving from labour-intensive units into high-skill, technology-enabled employment engines for all.”

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