Why is it in the news?
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The Ministry of Micro, Small and Medium Enterprises (MSME) will develop 20 technology centres, along with extension centres across the country in another 3-5 years.
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As per the official statement, these centres would come up at an investment of Rs.200 crore each.
More in the news
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About 100 extension centres, each at an investment of RS.20 crore have been planned.
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The aim is to ensure that maximum number of MSME units are benefited from the facilities.
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As many as 18 tool rooms are operational in the country and 15 more are in different stages of development or have started functioning.
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These tool rooms are specific to electronics, general engineering and high-end engineering sectors.
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They have modern technology machinery and testing equipment and the services are offered to industries at a competitive price.
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The Ministry is also creating trained manpower in virtual reality through the National Small Industries Corporation (NSIC).
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The Ministry has established about 100 livelihood business incubators at taluk levels to train man power and create new businesses and plans to have more such incubators.
Source
The Hindu.