COVID-19 realities changed dynamics of MSMEs
A 400-acre MSME park in Dandu Malkapur near Hyderabad will be expanded to 2000-acres as the Telangana government extends all support to develop the MSME sector in the state.
“We are offering land at a very concessional rate with all infrastructure available like continuous power, water supply,” Jayesh Ranjan, Principal Secretary, Industries & Commerce and ICT in the state.
“We want to set up more MSME parks,” he told a ‘FICCI Dialogue for Actionable Insights – How to make Telangana the Golden State for MSMEs’ on 3 July 2020 in Hyderabad.
“A lot of post-COVID-19 realities have changed the dynamics of MSMEs, therefore, what used to work for them 5-6 years ago, needs to be reviewed now,” added Ranjan, welcoming suggestions from the dialogue, saying these are useful and some of them align with State Government’s plans.
“Setting up of a think-tank to deliberate on the issues pertaining to the MSME sector will also bring a lot of credibilities,” Ranjan said. “Let this not be one of thing, lets create a subgroup in the Think Tank which would continue working on this good work for MSMEs.”
Om Prakash Mishra, CGM, SBI Hyderabad, pointed out that credit is not the only factor, but other factors such as labour and technology are important for MSMEs.
He further said that more awareness should be created so the number of MSMEs also increases.
Muralidharan, Chairman FICCI Telangana State Council, assured “We have a very progressive state government, and this is the best of time for the MSME sector to grow.”
MSMEs have a lot of creativity and innovation and in order to improve the businesses, these enterprises should also look at improving their products and services, advised Dr Nirmalya Bagchi, Director General (In-charge) Administrative Staff College of India.
Karunendra Jasti, President, Federation of Telangana Chamber of Commerce and Industry (FTCCI) urged the state government to be more supportive, especially for the MSME sector.
He added that the industry not only generates revenue but also creates job opportunities and the government should support the industry during these times. #chambers #MSMEs #enterprises #investment #manufacturing #makeinindia /fiinews.com
