CHENNAI: Micro small and medium enterprises (MSME) have been hit hard by the power crisis in the State and an estimated 10 to 20 per cent of them have closed down, according to S Sivagnanam, Director of MSME Development Institute.Speaking to Express on the sidelines of the All India Management Association’s Third National MSME Convention here on Saturday, he warned that if the power crisis in the State continued for more than a year, a majority of small and micro industries would perish.He said although the government had taken proactive steps, the need of the hour was public private partnership ventures to ensure po-wer surplus and boost industrial promotion.Sivagnanam said the worst to be hit by the power crisis were power intensive industries and the loss was worth thousands of crores.He said micro industries could not rely on alternate sources as they were too costly resulting in the industries failing to meet the deadlines of clients.Earlier, speaking during the inaugural session, H P Kumar, Chairman and Managing Director of National Small Industries Corporation stressed on the need for creating demand for manpower and nurturing youngsters to opt for startups. “The need is not to have millions of trained workforce but also to have startups so that the trained work force can be accommodated,” said Kumar. He also higlighted that there were 26 million small and micro enterprises but only 1.5 million were registered and added the efforts were on to have these enterprises registered.
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