Business EconomyPosted at: Oct 31 2025 10:04PM


Hyd: TiE inks MoU with Telangana Govt to scale 500 high-potential SMEs by 2029

Hyderabad, Oct 31 (UNI) Telangana State Industries today announced a strategic MoU with TiE Hyderabad to scale 500 high-potential SMEs across Telangana by 2029, under the “500 to 5X Growth Mission.
The MoU was held on the first day of two Hyderabad Entrepreneurship summit 2025 began at Hitex Exhibition Centre here this evening, organised by the TiE Hyderabad Chapter in partnership with the Government of Telangana.

The mission will identify SMEs in the Rs 25–Rs 50 crore bracket and help them achieve 5X growth through mentorship, market access, and capital linkage — potentially generating 3–5 lakh new jobs.
The MoU also provides for the establishment of a Telangana SME Acceleration Cell, SME Capital Access Clinic, and five regional mentoring hubs.
Speaking on the occasion, Nikhil Chakravarthi, Director (Industries), Government of Telangana, said that Telangana is deregulating certain Acts, such as the Factories Act and Labour Act, to further ease business operations and create flexible zones to boost industry competitiveness.
He also highlighted that Telangana is actively implementing the District Reform Action Plan (DRAP) under the national Ease of Doing Business (EoDB) initiative.
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