Hotline: 1800 102 2007
X
Search Business Opportunities
2012-08-24

Around five lakh MSMEs shut down operations

Nearly five lakh registered micro, small and medium enterprises (MSMEs) in the country closed their operations as on March 31, 2007.

Nearly five lakh registered micro, small and medium enterprises (MSMEs) in the country closed their operations as on March 31, 2007.

In a written reply in the Lok Sabha on Thursday, MSME Minister Vayalar Ravi said, "The number of persons rendered unemployed due to the closure, state-wise data, is not maintained centrally."  

"However, as per the Fourth All India Census of MSMEs with reference year 2006-07, data for which was collected till 2009 and results published in 2011, the number of persons employed is 805.24 lakhs, which grew by 69.04%, as compared to the Third All India Census of small-scale industries (2001-02), indicating no net loss of employment," Ravi added.

Tamil Nadu saw the highest number of closure by MSMEs, followed by Uttar Pradesh (80,616) Karnataka (47,581), Maharashtra (41,856), Madhya Pradesh (36,502) and Gujarat (34,945).

The minister also said the MSME ministry does not provide any direct finical help for rehabilitation of closed micro and small units.

During 2011-12, the total number of MSMEs set up rose to 2.82 lakh compared to 2.37 lakh in the previous year, he said.

Related opportunities
  • Car wash / Ceramic Coating / Detailing
    COZI CARS - Mobile Car Wash/Spa & Detailing Franchise Opportunity You Must GRAB!!..
    Locations looking for expansion New Delhi
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Casual dine Restaurants
    About: Savera, one of the first star hotels in Chennai is..
    Locations looking for expansion Tamil nadu
    Establishment year 1980
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Womens Wear
    About: Founded in 2014, Varanga is a progressively - growing fashion..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    ABOUT Chicken Adda: Chicken Adda is best described as indescribable ...
    Locations looking for expansion Madhya Pradesh
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts