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Hans India
3 days ago
- Business
- Hans India
Bhatti, Sridhar seek Centre's aid for boosting MSME sector
Hyderabad: Deputy Chief Minister Bhatti Vikramarka and IT Minister D Sridhar Babu met Union Minister for Micro, Small and Medium Enterprises Jitan Ram Manji and sought financial assistance for the development of industrial parks in the MSME sector and prior approval of plans for developing MSME parks in all 119 Assembly constituencies in the state. During the meeting, Bhatti and Sridhar Babu briefed the Union minister about the initiatives taken by the Telangana government for developing the MSME sector and the proposal to set up two new MSME parks to promote small and medium enterprises in Yendapally (Madhira mandal) and Remidicherla (Errupalem mandal) in Khammam district. The Deputy CM informed the Union Minister that plans had been drawn up to develop these parks across 85 acres and 60 acres respectively. He explained the strategic significance of the locations due to their proximity to National Highway 65 (Hyderabad–Vijayawada corridor) and excellent connectivity to nearby towns, railway networks, and ports. The development of these parks would boost job opportunities for local youth, especially from SC communities. The parks, being designed to support various manufacturing sectors, were expected to generate at least 5,000 direct and 15,000 indirect employment opportunities, he told the Union Minister. In the context, the Ministers sought prior approval from the Centre so the state could submit project proposals under the MSME-CDP (Cluster Development Programme) for financial assistance to develop these parks in every Assembly constituency. These parks will consist of small-scale factory complexes with infrastructure to support small industrial units, creating a conducive industrial environment. The MSME parks will include hostels, kitchens, toilets, testing centers, and other common facilities. Support for business development, product innovation, and market strategy services will also be provided. Bhatti pointed out that, under the MSME-CDP scheme, the Telangana government had implemented 25 projects with the support of the Union MSME Ministry. Now, Telangana was seeking central financial assistance under the scheme to establish dedicated MSME parks in each Assembly constituency. The Deputy CM and Industries Minister expressed their confidence that Telangana, through these initiatives, would emerge as a key contributor toward India's vision of achieving a $30 trillion economy.
Time of India
3 days ago
- Business
- Time of India
Telangana seeks Central aid for industrial parks in Madhira constituency
Hyderabad: Deputy chief minister Bhatti Vikramarka and industries minister D Sridhar Babu on Wednesday met Union MSME minister Jitan Ram Manjhi in New Delhi and urged him to extend Central aid for two industrial parks in the Madhira constituency, and 119 MSME parks in all the assembly constituencies in Telangana. The Telangana govt sought prior approval from the Centre to submit project proposals under the MSME-CDP (Cluster Development Programme) for financial assistance to develop these parks. "Proposals have been submitted to set up industrial parks in Yendapally (Madhira mandal) and Remidicherla (Errupalem mandal) in Khammam district. Plans have been drawn up to develop these parks in 85 acres and 60 acres, respectively. The locations are strategically significant due its proximity to NH 65 (Hyderabad–Vijayawada corridor) and have excellent connectivity to nearby towns, railway networks, and ports," Bhatti informed the Union minister. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad "The development of these parks would bring industrial opportunities to local youth, especially from SC communities. These parks are being designed to support various manufacturing sectors and are expected to generate at least 5,000 direct and 15,000 indirect employment opportunities," Bhatti further said. "We are expecting Central financial support under the MSME-CDP scheme. The MSME parks will include hostels, kitchens, toilets, testing centres, and other common facilities. Business development, product innovation, and market strategy services will also be made available. Support will be extended to women-led enterprises through the Streenidhi scheme, providing loan assistance to empower such units and expand livelihood opportunities for women," Bhatti said. Currently, under the MSME-CDP scheme, the Telangana govt is already implementing 25 projects with the support of the Union MSME ministry. These include industrial parks, flatted factory complexes, and Common Facility Centres (CFCs), all of which are playing a key role in strengthening the MSME ecosystem in the state. Telangana is seeking Central assistance under the relevant schemes to establish dedicated MSME parks in each Assembly constituency. Through these progressive initiatives, the Deputy CM and industries minister expressed confidence that Telangana will emerge as a key contributor toward India's vision of achieving a $30 trillion economy.
