January 09, 2025: The Federation of Telangana Chambers of Commerce and Industry (FTCCI) organized an awareness program on the Telangana MSME Policy 2024 for the benefit of its members in particular and other MSMEs in general.
On the occasion, Dr Malsur, Director of Industries, Government of Telangana unveiled the poster of the 6th Edition of FTCCI HR Awards meant to be given to MSMEs and large companies.
Speaking Dr.G.Malsur who was the chief guest said ‘the industries department is the facilitator and not the regulator’. So, you can freely approach us.
MSME is the most important sector among all industry sectors. It contributes significantly in the economic and social development of the country by fostering entrepreneurship and generating large employment. The Government also knows. Realising its potential, it launched the Talanaga state’s first ever MSME Policy in the month of September. It is a progressive policy. Most policies remain on paper and in the form of booklets. What is the most important thing is its implementation. The policy’s value can be realised only when it is fully implemented, he stated.
The pending incentive to industries since 2016 is Rs 4,250 crores. The government is planning to release pending dues very soon. The maximum share out of the incentives released will be earmarked for MSMEs, Dr G Malsur announced
MSME generates a lot of employment with less investment. Hence, they need to be encouraged, he said. Micro companies starting and ending being micro only. They need to be scaled up, he emphasized.
Our team of officers have worked on the guidelines which will help MSMEs avail facilities in the policy. The guidelines will be made available very soon, he shared
Speaking about land required to set up MSME units, he said the prices are skyrocketing and have become unaffordable. The high cost of land acquisition has become a barrier to entry for entrepreneurs. The Telangana government is looking to address this issue by coming out with exclusive parks in the districts. It will also bridge the gap between urban and rural. The land identification for such parks is being worked out now. It is our endeavour to see that all the 119 constituencies in the state will have such parks. These efforts will yield fruits in the next couple of years, Dr G Malsur said.
Speaking further he stated that existing MSMEs also need to be helped. We plan to identify export-oriented units and hand hold them in terms of training and overseas market access. Also, MSMEs which are into import substitute products will also be identified and helped. Full details of these will be made available to FTCCI who in turn will disseminate, he told the 150 plus audience. Dr G Malsur also said that long pending issues of FTCCI such as one time power settlement etc and other issues will also be looked into and will be addressed at the earliest.
Madhukar Babu, Joint Director (Planning), Commissionerate of Industries, Government of Telangana explained the policy in detail. Though we had an industrial policy before, this is the first time ever we have a policy catering exclusively to the MSMEs sector, he said.
The focus of the MSME Policy has been Entrepreneurship, Employment, and Economy, he said. The seed for the MSME Policy was sown in FTCCI sometime ago, he said. 15 MSME representative bodies gave 115 suggestions that went into policy making. Telangana has 2.6 million MSMEs of which one million are UDYAM registered, stated Madhukar Babu.
He later answered questions raised by the attendees and clarified some doubts.
Welcoming the gathering Mr. Suresh Kumar Singhal, President of FTCCI said VIKASITH BHARATH a vision for India’s development by the year 2047. It is the Indian government’s vision to transform India into a developed nation by the year 2047, the Centenary of its independence.
I am glad to note that the Government of Telangana too gave priority to the MSME sector with the objectives that are aligning with the overall vision of making India $ 30 trillion economy.
The MSMEs are employment generators as they use less capital and more labour. Hence, encouraging them is the only way out, Suresh Singhal said.
Srinivas Garimella, Chair, IDC (Industrial Development Committee) in his opening remarks said the government’s commitment to achieving a 100% increase in MSME contribution to the GSDP and a 15% year-on-year growth of registered MSMEs demonstrates its resolve to foster an environment of innovation, equitable growth, and technological advancement.
6th Edition of HR Awards is meant to celebrate the people-centric HR practices implemented by organizations that stood as examples to others for their pro-employee and pro-human resource growth-oriented practices said Mr. Meela Sanjay, the Chairman of the HR Committee
