Minister for MSMEs Kondapalli Srinivas said that MSMEs are the backbone of India’s economy, contributing astir 45% of exports, employing implicit 11 crore people, and accounting for astir 30% of the GDP.
Speaking astatine an consciousness store connected ESG and sustainable maturation for MSMEs, organised by the FICCI Andhra Pradesh State Council successful collaboration with the FICCI Centre for Sustainability Leadership and the Visakhapatnam Chamber of Commerce & Industry (VCCI) connected Saturday, helium appreciated caller national-level reforms, including GST rationalisation, which supply alleviation to some MSMEs and the mediate people portion promoting concern growth.
The Minister highlighted the strategical value of embedding Environmental, Social, and Governance (ESG) principles into MSME operations, noting that this modulation is captious for enhancing competitiveness, achieving sustainability, and attracting planetary investments.
He said Chief Minister N. Chandrababu Naidu is keen connected strengthening the MSME ecosystem by restructuring systems for easiness of doing concern and establishing MSME Parks successful each 175 Assembly Constituencies, with a peculiar absorption connected agrarian areas to make employment and trim operational expenses. He besides highlighted the State government’s ongoing initiatives, including the constitution of cluster-based Common Facility Centres (CFCs) for industries specified arsenic gold, pharmaceuticals, and textiles; the instauration of an enabling ecosystem by connecting universities, fiscal institutions, task capitalists, and authorities organisations with the Ratan Tata Innovation Hub; the promotion of cleanable and greenish vigor adoption successful manufacturing; and projected initiatives specified arsenic the Chief Minister’s Employment Generation Programme (CMEGP), presently nether information to promote micro-entrepreneurship astatine the grassroots level. He added that Industrial Promotion Officers (IPOs) volition beryllium deployed successful each Assembly Constituency, and Chambers of Commerce volition beryllium empanelled astatine the territory level to guarantee grassroots-level support, handholding, and effectual last-mile transportation for MSMEs. The Minister emphasised that the State authorities is committed to positioning Visakhapatnam arsenic a planetary concern destination, with large planetary and nationalist events specified arsenic the GCC Summit, India E-Governance Summit, and Global Partnership Summit scheduled to beryllium hosted successful the city. He said the authorities volition proceed to prioritise employment generation, startup promotion, and concern innovation, enabling MSMEs successful the State to turn into sustainable and globally competitory enterprises. Speaking astatine the workshop, Thammireddy Sivasankara Rao, Chairman of the Andhra Pradesh MSME Development Corporation, stressed the value of addressing biology issues specified arsenic clime change, concern pollution, effluent treatment, and pesticide residues, noting that these person go decisive factors successful planetary commercialized and marketplace competitiveness.
