The Telangana government is embarking on a transformative initiative to stimulate its micro, small, and medium enterprise (MSME) sector by establishing MSME parks in each Assembly constituency over the next five years. This strategic move is expected to increase the presence of MSMEs in districts currently accounting for less than 10 percent of the state’s total MSME share. The initiative aims for a robust 20 percent growth in these areas, as outlined by the Director of Industries, Telangana.
Boosting MSMEs in Underrepresented Districts
In an effort to bolster economic activity in districts that have not yet realized their full potential, the Telangana government is taking a proactive stance. Currently, many districts contribute a minimal share to the state’s MSME ecosystem. By launching an MSME park in every Assembly constituency, the state aims to close this gap, ultimately driving significant economic growth and job creation.
At the Summit on Demystifying Telangana’s New MSME Policy, Dr. G. Malsur, Director of Industries and Commerce, emphasized the state’s commitment to MSME growth. “Between the Outer Ring Road (ORR) and the Regional Ring Road (RRR), we are establishing five exclusive MSME parks,” he said. “Moreover, we plan to set up one MSME park in each district. However, to achieve the 20 percent growth target, the government will roll out one MSME park in every constituency over the next five years.”
Empowering Women-Led Self-Help Groups (SHGs)
A crucial aspect of this initiative is the inclusion and support of women self-help groups (SHGs), which are particularly active in rural and remote constituencies. These groups often engage in producing unique, district-specific products that contribute to the local economy but lack larger market access and government support.
Dr. Malsur highlighted that by bringing these SHGs under a unified framework, the government will provide coworking spaces, marketing opportunities, and other vital resources. “Each district has a specific product managed by these SHGs, and we aim to bring this activity under one umbrella,” he stated. This move is expected to give these women-led enterprises a significant boost, aligning with the government’s vision of inclusive economic development.
Formulating MSME Policy Guidelines
One of the key concerns raised during the summit was the implementation of Telangana’s new MSME policy. Dr. Malsur assured stakeholders that the policy guidelines are in the final stages and will be ready within the next few days. These guidelines will provide a clear roadmap for MSMEs to access the various benefits outlined under the new policy framework.
He also elaborated on the multi-departmental collaboration required to successfully implement the policy. “While the industry department will spearhead the MSME policy, other government departments, including labor and revenue, will play critical roles in ensuring that MSMEs receive skill training, land allocations, and other necessary facilities,” he added. Once the guidelines are issued, MSMEs will have streamlined access to these resources, allowing them to thrive under the new policy regime.
Exclusive Features of Telangana’s New MSME Policy
Among the standout features of Telangana’s new MSME policy is the establishment of the Rs 100 crore Yantram Fund, designed to support MSME clusters and industrial parks. This fund will facilitate the bulk purchase of cutting-edge digital technologies at discounted rates, providing MSMEs with the tools they need to modernize and remain competitive in the global market.
Additionally, the government is introducing special provisions for the MSME sector in areas such as marketing, coworking spaces, and business facilitation. These initiatives are tailored to meet the unique needs of Telangana’s MSMEs, helping them scale operations and increase their market share.
Reviving the Nizam Deccan Sugar Factories
In a bid to rejuvenate Telangana’s traditional industries, Dr. Malsur also announced plans to revive the Nizam Deccan Sugar factories. These factories, once a cornerstone of the state’s economy, have faced challenges in recent years. However, with new policy support and strategic interventions, the state government aims to bring these factories back to life, boosting both local employment and sugar production.
A Clear Path for MSME Growth in Telangana
Telangana’s ambitious plan to set up MSME parks across every Assembly constituency is a game-changer for the state’s industrial landscape. By providing the necessary infrastructure, resources, and policy support, the government is laying a strong foundation for the growth and expansion of MSMEs, particularly in underrepresented districts.
Through the creation of dedicated MSME parks, Telangana is not only promoting economic diversification but also ensuring that women-led enterprises and rural industries receive the attention and support they deserve. As the state rolls out its new MSME policy, businesses can look forward to a more conducive environment for growth, innovation, and long-term success.
With the guidelines and support mechanisms expected to be in place within days, Telangana is setting a new benchmark for other states aiming to strengthen their MSME sectors. The state’s focus on inclusive growth, particularly by empowering women SHGs and reviving traditional industries, ensures that the benefits of this initiative will reach every corner of Telangana. As MSME parks become operational, Telangana’s vision of achieving 20 percent growth in the sector seems not only achievable but inevitable.
Conclusion: Telangana’s MSME Future
The government’s forward-thinking approach in establishing MSME parks in every constituency is a testament to its commitment to inclusive and sustained economic growth. With substantial investment, dedicated support for women entrepreneurs, and a clear policy framework, Telangana is well-positioned to become a leading hub for MSMEs in India. The next five years hold tremendous potential, as the state capitalizes on this ambitious vision for industrial development and job creation.
