logo
Focus is on skill development and job creation, says Dinakar

Focus is on skill development and job creation, says Dinakar

The Hindu23-06-2025
Andhra Pradesh government is ramping up skill development initiatives in coordination with industries, MSMEs, and Society for Employment Generation and Enterprise Development in Andhra Pradesh (SEEDAP) to generate large-scale employment across the State.
20-Point Programme Chairperson Lanka Dinakar, MSME Chairperson Siva Sankara Rao Tammireddy, and SEEDAP Chairperson Deepak Reddy Gunapati addressed the media at the Secretariat on Monday, after review meeting.
Mr. Dinakar highlighted that the coalition government had attracted investments worth around ₹9.3 lakh crore in its first year and was working with the goal of creating 20 lakh jobs in five years.
Emphasising the need for synergy among departments, he said coordination gaps in the past had hindered job creation, which would now be addressed through collaborative efforts. He noted that Andhra Pradesh had over 8 lakh MSMEs. He also observed that the MSMEs have been contributing 30% to India's GDP.
Mr. Siva Sankara Rao stressed the importance of revamping MSMEs and setting up MSME parks, particularly in backward districts like Alluri Sitharama Raju and Parvathipuram Manyam, to provide skill-based jobs to local youth.
Mr. Deepak Reddy announced plans to train 60,000 youth this year through SEEDAP's expanding network of training centres and promote entrepreneurship at the grassroots level, aligned with the 'Swarnandhra 2047' vision.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Amazon partner with FIEO to boost ecommerce exports from India
Amazon partner with FIEO to boost ecommerce exports from India

United News of India

time6 hours ago

  • United News of India

Amazon partner with FIEO to boost ecommerce exports from India

Hyderabad, Aug 6 (UNI) Amazon India today signed a Memorandum of Understanding (MoU) with the Federation of Indian Export Organizations (FIEO) to boost exports from micro, small, and medium enterprises (MSMEs) in the country. Through this collaboration, Amazon and FIEO will establish a dedicated ecommerce export task force to jointly develop a policy and infrastructure roadmap that supports seller enablement and drives awareness about e commerce export opportunities among MSMEs across India. This partnership will help build capacities of small businesses across India and manufacturers, the e-commerce giant said in a release. This collaboration is an important step in Amazon's progress towards its goal of enabling $80 billion in cumulative ecommerce exports from India by 2030 Speaking at the signing ceremony, FIEO Director General Ajay Sahai said ' By partnering with Amazon, we aim to build the capacities of small businesses, including artisans, weavers, and manufacturers, and help them leverage e-commerce for international expansion. This MoU is a pivotal step towards enabling MSMEs to overcome traditional export barriers and become competitive global players.' 'The partnership will further help in visibility of Indian products globally and will work closely with stakeholders to identify the issues and address them. He reiterated that the govt has also come up with new scheme for e-commerce hub, which will further help in boosting overall exports of the country,' Dr Sahai added. Srinidhi Kalvapudi - Head, Amazon Global Selling India said, " Amazon's partnership with FIEO is a step towards building an ecosystem that is accessible, scalable, and built for Indian businesses. By combining Amazon's global capabilities with FIEO's institutional reach, we will work to reduce operational barriers, enhance export readiness, and help MSMEs, and entrepreneurs access international markets'. As part of the MoU, Amazon and FIEO will conduct capacity-building sessions for exporters across key export strength categories like home linen & decor, health & personal care, apparel, toys among others. The initiative will create networks of offline local communities to support sellers across their export journey. These communities will offer hands-on assistance, peer learning opportunities, and easier access to service providers. FIEO will nominate high-potential sellers and manufacturers from export-relevant categories such as handicrafts, home textiles, wellness products, and packaged foods, and Amazon will assist these businesses by guiding them through onboarding, compliance, and scaling their operations in international marketplaces. Today there are more than 1.50 lakh exporters on the program, showcasing millions of Made in India products to customers in 200+ countries and territories across the world. Together, they have clocked $13 billion in cumulative exports from India. UNI KNR GNK

Trump trade tariffs: MCA planning to ease compliance burden for MSMEs
Trump trade tariffs: MCA planning to ease compliance burden for MSMEs

Business Standard

time8 hours ago

  • Business Standard

Trump trade tariffs: MCA planning to ease compliance burden for MSMEs

As part of a broader strategy to shield domestic industry from US tariffs, the Ministry of Corporate Affairs (MCA) is planning to ease compliance reforms for medium, small and micro enterprises (MSMEs), according to official sources. 'We are looking at it very seriously and taking inputs from the MSME ministry as well,' a government source said. The MCA may also consider amendments to the existing Companies Act for simpler certification processes for MSMEs and doing away with certain compliances for such companies, sources said. Some of the measures which were recommended in the expert committee report regarding Company Law in 2022 included reducing fines and penalties which are designed keeping larger companies in mind. Suggestions made by the Federation of Indian MSMEs (FISME) include exemption for unlisted companies up to a turnover of ₹1,000 crore from mandatory Corporate Social Responsibility (CSR) obligation to provide them with greater flexibility in their board structure and reduce their compliance costs. The MSME body has sought relaxation in the requirement to appoint independent and women directors, which it says can be costly and time-consuming for unlisted companies, especially those with limited resources. With a global environment marked by trade tensions and geopolitical volatility, the government is expected to look for ways to support domestic industries. 'Direct assistance to MSMEs and assistance through processes - both are important since macro-economy may not be impacted much by tariffs, but MSMEs will face some challenges and require support from the government,' said Madan Sabnavis, chief economist, Bank of Baroda. Sabnavis said that help with administrative hassles may not give direct support to MSMEs, but would still bring ease of doing business for the sector. Experts said that the government should allow self-certification or deemed acceptance for various procedures under Companies Act, instead of demanding a host of documents from MSMEs. 'They could do risk profiling and have automated acceptance for smaller companies. Departments across governments often ask for the same data and if there was better sharing of information between ministries, it would also ease compliance burden on MSMEs,' an industry expert, who did not wish to be named said. According to the Ministry of Statistics & Programme Implementation, MSME contribution to the country's GDP was marginally lower in 2023-24 to 31.1 per cent, compared to 31.3 per cent in the previous year. Under the present Companies Act, MSMEs are granted certain exemptions. For instance, the requirement that the cash flow statement should be part of the financial statement has been made optional. Small companies are not required to rotate auditors and disclosures, such as auditor's report on internal financial controls do not apply to MSMEs. Small companies are also exempt from requirements of pre-certification of forms by professionals. All companies with authorised capital up to ₹15 lakh or with up to 20 members where no share capital is applicable are charged zero fees for incorporation.

Isro targets 2029 to ready the third launch pad for India's next-gen rockets
Isro targets 2029 to ready the third launch pad for India's next-gen rockets

India Today

time11 hours ago

  • India Today

Isro targets 2029 to ready the third launch pad for India's next-gen rockets

India's space capabilities are set to receive a significant boost with the ongoing development of Isro's Third Satellite Launch Pad (TLP) at the Satish Dhawan Space Centre, development is moving smoothly as the government is awaiting bidding on tenders for multiple developmental works in and around the launch project received financial sanction in March 2025, marking a critical step towards expanding the country's launch infrastructure to support next-generation launch Following the sanction, Isro completed geotechnical investigations and topographic surveys of the site by May 2025. Currently, offers for essential road and electrical works are under evaluation, with multiple work packages identified to establish the sophisticated facilities required for the launch development timeline outlines four major milestones: completion of civil works by May 2028, installation of fluid systems and propellant storage by July 2028, establishment of launch pad facilities by September 2028, and commissioning of the facility projected for March to handle heavier payloads, the TLP will support Isro's Next Generation Launch Vehicles (NGLV) and the LVM3 vehicles with semi-cryogenic stages, enhancing India's capacity to launch payloads of up to 30,000 tonnes into low Earth orbit. This is a substantial increase compared to the current capabilities of existing launch the project emphasises collaboration with Indian private industry and Micro, Small and Medium Enterprises (MSMEs). These partnerships, selected through a transparent tendering process, aim to maximise indigenous manufacturing and expertise, reinforcing the Make-in-India and Atmanirbhar Bharat Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, provided these updates, stressing the strategic importance of the TLP for India's ambitious space new launch pad will not only enhance launch frequency and redundancy but is instrumental for upcoming human spaceflight missions and interplanetary exploration efforts, including the Bharatiya Antariksh Station planned for 2035 and a crewed lunar landing by 2040.- EndsMust Watch

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store