Priority for MSMEs: CM

Chief Minister Chandrababu Naidu has said that the State government will prioritise Micro, Small and Medium Enterprises (MSMEs), recognising their vital role in creating employment opportunities.
During a review meeting on MSMEs and the Department of Food Processing at the State Secretariat on Thursday, the Chief Minister expressed his belief that with proper government support, MSMEs can deliver significant results. He also announced plans to revive this sector, which has faced several challenges, by introducing new policies. The Chief Minister stated that the long-pending MSME parks would soon be completed and equipped with all necessary facilities. He emphasised the importance of farmers having a stake in these parks, suggesting that farmers who own land could establish MSME parks on their properties, similar to the development model followed in ‘Amaravati’.
After being informed by officials about a similar system in Pune, the Chief Minister instructed them to study the policy and implement an improved version in the state. He also urged officials to streamline the process of granting industrial permits, proposing a policy where permissions would be automatically granted if delayed beyond a certain time frame.
The Chief Minister further directed officials to link ‘Dwcra’ groups with MSMEs and stressed the need to release long-pending incentives to industries. He also highlighted the need to modernise ‘Auto Nagars’ to provide service facilities for electric vehicles. A sum of Rs 100 crore was announced as a credit guarantee for MSMEs.
Chandrababu Naidu also pointed out the promising opportunities in the state’s food processing industry, particularly in horticulture and aquaculture. He noted the growing demand for organic farming products and instructed officials to promote organic farming practices. Ministers and department officials attended the review meeting.