Business EconomyPosted at: Jul 3 2020 11:06PM


Telangana govt to expand MSME industrial parks to 2000 acres: Jayesh Ranjan

Hyderabad, Jul 3 (UNI) Telangana Government is planning to expand the industrial parks set up for MSMEs at Dandu Malkpaur, outskirts of the city, from the existing 400 acre to about 2000 acres.
The government was strongly committed to extend support for development of the MSME sector in the state and we are offering land at a very concessional rate with all infrastructure available like continuous power, water supply, said State Principal Secretary (Industries and Commerce and ICT),Jayesh Ranjan while addressing in a e-conference on “ Making Telangana the golden state for MSMEs’ organized by the FICCI, here on Friday.
We want to set up more MSME parks, he said that “Lot of post COVID realities have changed the dynamics of MSMEs, therefore, what used to work for them 5-6 years ago, needs to be reviewed now, '' he said.
“Setting up of a think-tank to deliberate on the issues pertaining to the MSME sector will also bring a lot of credibility,” Ranjan said.
Let this not be one of things, let's create a sub group in the Think Tank which would continue working on this good work for MSMEs, he added.
FICCI Telangana State Council Chairman Muralidharan, said that we have a very progressive state government, and this is the best of time for the MSME sector to grow.
Dr Nirmalya Bagchi, Director General (In-charge) ASCI said that MSMEs have a lot of potential.
He also said that MSMEs have a lot of creativity and innovation and in order to improve the businesses, MSMEs should also look at improving their products and services.
SBI Hyderabad CGM, Om Prakash Mishra, said that credit is not the only factor, but other factors like labour, technology etc are important for MSMEs.
He said that more awareness should be created so the number of MSMEs also increased.
FTCCI President Karunendra Jasti, urged the government to be more supportive, especially for the MSME sector.
He said that the industry not only generates revenue but also creates job opportunities and the government should support the industry during these times.
FICCI Telangana State Council Co-Chairman Murali Krishna Reddy, said COVID crisis has created an unprecedented situation for government, trade bodies, industries. It is something that no single entity can solve and requires a concerted effort by all stakeholders.
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