IIT Madras collaborates with Industry Bodies to study impact of coronavirus on Tamil Nadu MSMEs

The Indian Institute of Technology (IIT) Madras has collaborated with industry bodies. The study is expected to be completed within a period of three to four weeks. 

In order to understand the impact of coronavirus on Micro, Small Medium Enterprises (MSMEs) in Tamil Nadu, the Indian Institute of Technology (IIT) Madras has collaborated with industry bodies. The study is expected to be completed within a period of three to four weeks. 

The study holds significance as the Centre had announced that it will provide collateral-free loans, in order to boost liquidity for small businesses and help economy tide over the coronavirus outbreak.

The study is being led by IIT Madras Department of Humanities and Social Sciences Faculty, Dr Subash Sasidharan, Associate Professor of Economics, and Dr Santosh Kumar Sahu, Assistant Professor of Economics.

Based on the conclusion made by the study, the researchers plan to analyze the adaptation and coping strategies in order to come out of the shock caused due to the coronavirus outbreak. This is done with an aim to help MSMEs in Tamil Nadu to recover quickly, the statement said.

"MSME sector is the largest employer in the country. The survival of these enterprises is at stake due to this pandemic. Therefore, there is an urgent need to undertake research to analyze the challenges of these enterprises in detail," Dr N Sasidhara said while speaking about the focus of this study.

The Institute is partnering with ConsoTree, a Research and Industry Development; and industry bodies - Tamil Nadu Small and Tiny Industries Association (TANSTIA), an apex body of MSMEs, and district level bodies including Coimbatore District Small Industries Association (CODITSSIA) and Madurai District Tiny and Small Scale Industries Association (MADITSSIA).

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