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Coimbatore: As many as 16,967 micro small and medium enterprises (MSMEs) have registered at the Udyam registration portal in the district as on Friday.
The District industrial Centre (DIC) had warned the industrialists not to become prey to fraudulent activities as the registration process should be carried out only at http://udyamregistration.gov.in and it is free of cost.
The central government has recently reclassified the definition of MSMEs with effect from July 1, 2020. With an investment in plant and machinery or equipment up to Rs 1 crore and an annual turnover of up to Rs 5 crore is a micro unit. A unit with an investment in plant and machinery or equipment up to Rs 10 crore and a turnover of Rs 50 crore is a small unit. Those units with an investment in plant and machinery or equipment up to Rs 50 crore and a turnover of Rs 250 crore are medium units, according to an official from DIC. ....

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