Chennai, Jun 27 (IANS): Tamil Nadu Chief Minister M.K. Stalin on Tuesday said that the number of startups registered from the state during the last two years was proof of the speed and efficiency of his government.

In his address at the International MSME day celebrations held at Chennai Trade Centre here, he said that as many as 6,257 startups have registered from Tamil Nadu on the Startup India platform.

He said that the number of startups registered from Tamil Nadu during the last couple of years since his government assumed office was twice that of the startups registered from 2016 to 2021.

The Chief Minister also listed various initiatives taken by the DMK government in the past and present for promoting MSMEs. He said that the state government had allocated a Rs 30 crore special fund last year to provide capital subsidies to startups launched by Scheduled Caste entrepreneurs in the state and the allocation has been increased to Rs 50 crore this year owing to the overwhelming response received for this.

Stalin also said that the state government was in the process of establishing macro clusters for pharmacy in Tindivanam and at Thirumudivakkam for precision engineering. He also said that a detailed project report is being prepared for opening a macro cluster for space and defense clusters.

MoUs were signed between FaMe TN and entrepreneurs for 100 new projects worth Rs 1510 crore in the presence of the Chief Minister.