Commemorating the National Small Industry Day on Wednesday, MSME Minister Narayan Rane informed that 18 tool rooms and technical institutes run by the Ministry of MSME across India have trained around 16 lakh youth in the last nine years (of BJP government), benefiting more than 3 lakh MSME units. Out of the 18 tool rooms established between 1967 and 1999, 10 provide technological support to industries through the design and manufacture of tools, precision components, moulds, dies, etc. The remaining eight TCs provide technical services to develop and upgrade technologies, processes and products to MSMEs, according to the MSME ministry’s FY23 annual report. They also provide training in specific product categories such as forging & foundry, electronics, electrical measuring instruments, fragrance & flavour, glass, footwear & sports goods. Meanwhile, the 15 tool rooms being set up have an estimated cost of $400 million including funding from the World Bank of $200 million.