Telangana Government Committed to Helping MSMEs Grow
Hyderabad: Telangana’s IT and Industries Minister, D. Sridhar Babu, has assured that the state government is dedicated to solving the challenges faced by Micro, Small, and Medium Enterprises (MSMEs). One of the key issues is helping these businesses access global markets. Recognizing that MSMEs are the backbone of the economy, he urged banks to provide financial support more easily. The government will step in to ensure that credit and assistance are available when needed.
Speaking at the inauguration of the “MSME Spark 2.0” conference, Sridhar Babu pointed out that MSMEs, which employ a large number of people, have been neglected for a long time. He emphasized the importance of supporting their growth and development.
To help Telangana’s MSMEs compete globally, the government has introduced a special policy framework. This initiative aims to support and strengthen these businesses. The minister also announced that detailed guidelines on how the policy will be implemented will be released soon.
Sridhar Babu addressed rumors that industries are leaving Telangana due to political reasons. He dismissed these claims, stating that the reality is quite different. He highlighted that Telangana secured investment agreements worth Rs 1.78 lakh crore during this year’s Davos summit, showing significant progress in the industrial sector.
