1 hr ago
Telangana Plans MSME Centre to Boost Technology and Markets
Telangana wants to create a new centre to help small businesses grow.
These businesses are called micro, small and medium enterprises, or MSMEs.
The centre would help them use modern technology and find investors and customers.
It would also help promote products made in Telangana in India and abroad.
Minister Duddilla Sridhar Babu announced the plan at a business summit in Hyderabad.
The state has also created a policy to support MSMEs.
It is planning a monthly day when business owners can raise problems.
The minister said businesses should improve quality, skills and production to compete.
Telangana plans a Centre of Excellence to help MSMEs adopt technology, access investment and reach markets.
The proposed centre aims to promote Telangana-made products in national and international markets.
Industries Minister Duddilla Sridhar Babu announced the plan at the LUB MSME South India Summit in Hyderabad.
The state has introduced a dedicated MSME policy and is considering a monthly grievance-resolution day.
Sridhar Babu urged businesses to improve product quality, skills, technology use and production capacity.
- Who
- Telangana’s IT and Industries Minister Duddilla Sridhar Babu and the state government; the plan is intended to support MSMEs.
- What
- The state plans to establish a Centre of Excellence for MSMEs and is considering monthly grievance days.
- Where
- At the LUB MSME South India Summit at Taj Deccan in Banjara Hills, Hyderabad.
- When
- The announcement was made on Saturday; no date was specified.
- Why
- To help MSMEs adopt modern technology, connect with investment, resolve grievances and expand market access.
Government support plans
Business competitiveness priorities
How to strengthen MSMEs
Government support plans
The state plans a Centre of Excellence, a dedicated policy and a possible monthly grievance day to support small businesses.
Business competitiveness priorities
Sridhar Babu urged MSMEs to improve product quality, adopt technology, develop skills and increase production capacity to remain competitive.
Key facts
- Planned initiative
- A Centre of Excellence for Micro, Small and Medium Enterprises
- Announced by
- IT and Industries Minister Duddilla Sridhar Babu
- Announcement venue
- LUB MSME South India Summit, Taj Deccan, Banjara Hills, Hyderabad
- Planned support
- Technology adoption, market access and investment linkages
- Market focus
- Promote Telangana-made products in national and international markets
- Other proposed measure
- A monthly MSME Grievance Day
- Existing measure
- A dedicated state MSME policy
Sources
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