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Govt contemplating industrial health clinics for sick MSMEs

Press Trust of India  |  New Delhi 

The government is contemplating setting up industrial health clinics to deal with sickness in the micro, small and medium enterprises (MSMEs) which are the backbone of the country's industrial architecture, sources said.

These clinics are likely to be set up as part of the new industrial policy, which is expected to be announced soon.

The new policy will replace the industrial policy of 1991 which was prepared in the backdrop of balance of payment crisis.

As per the proposal, these industrial health clinics could be set up as an autonomous units to deal with sickness in the MSME sector, sources, who did not wish to be named, said.

Such clinics raise funds through various sources including states, banks and capital markets to finance revival and rehabilitation of sick units.

They also help sick units to collaborate with different organisations for information sharing and research.

has said that the proposed industrial policy aims to promote emerging sectors and also modernising the existing industries, reducing regulatory hurdles and encourage adoption of such as robotics and

The (DIPP) in August last year floated a draft industrial policy with the aim to create jobs for the next two decades, promote and attract USD 100 billion FDI annually.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 16:20 IST
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