Rate of shutdown of MSMEs in Narendra Modi's Gujarat is 9 pct: Gujarat govt official

Mar 27 2014, 16:43 IST
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In Narendra Modi's Gujarat, the number of registered units in the MSME sector stand at over 2 lakh. In Narendra Modi's Gujarat, the number of registered units in the MSME sector stand at over 2 lakh.
SummaryYet, Narendra Modi govt painted a rosy picture of micro, small and medium enterprises in Gujarat.

the Gujarat coast told the Indian Express, "We are here to look for funding of our unit. There is very little support from the state government and the banks. Our project report has been lying pending with a nationalised bank only because they do not understand what seaweed cultivation is."

According to the state government figures, Gujarat has close to two lakh registered MSME units. Surat is the biggest hub of MSMEs in the state with about 75,000 units, followed by Ahmedabad (47,000), Rajkot (14,000) and Vadodara (8,000).

Also read: Live updates on missing Malaysia Airlines plane

Malaysia-Airlines-debris

Volunteers from Taiwan pray for the passengers aboard Malaysia Airlines MH370 while family members of the passengers play a slideshow about the passengers in Beijing. (Reuters)

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