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The Hindu
2 hours ago
- Business
- The Hindu
MSME parks set to industrialise Andhra Pradesh big time, says Minister Kondapalli Srinivas
Andhra Pradesh had lost the opportunity of entrepreneurship post bifurcation as most of the sector-specific Industrial Parks (IPs) built in the unified State were concentrated in and around Hyderabad, and a vast majority of the entrepreneurs, too, stayed back. Now, the Government of Andhra Pradesh is striving to attract those entrepreneurs to invest in the State by offering them tailor-made incentives and extending the required support. 'The efforts are paying off as quite a good number of companies, the Micro, Small & Medium Enterprises (MSMEs), are coming forward to set up their units in the State, for which the government is extending all assistance,' says Andhra Pradesh Minister for MSMEs Kondapalli Srinivas. In an exclusive interaction with The Hindu here on Thursday, Mr. Srinivas said the State was endowed with rich natural resources and human capital needed for industries to thrive, but right now there was not much motivation for various reasons, mainly due to the impact of bifurcation. The State had to restart everything because of bifurcation, and it obviously hit the MSME sector hard. 'Nevertheless, the government has set an ambitious target to develop an Industrial Park (IP) and a flatted factory in each one of the 175 Assembly constituencies in a phased manner, for which three models have been put forth,' he said. Under the first one, private lands would be developed by private parties, who would have the liberty to sell, or lease the plots. The government would incentivise the development cost. The government lands would be developed by private partners in the second model and the third one would have a mix of government and private lands for development by private partners. Already, 11 IPs were inaugurated, tenders were being called for 39 parks and 50 parks were in the planning stage. The target was to complete all the 175 IPs in two years, said Mr. Srinivas, while sounding confident that it would be achieved. Ratan Tata Innovation Hubs The Minister observed that the MSMEs were constrained by the lack of R&D facilities, and to solve this problem, the government was in the process of developing the Ratan Tata Innovation Hubs in a hub-and-spoke model. A support mechanism was being built for the MSMEs to enable them to overcome the challenges such as difficulties faced in raising working capital and accessing the national and global markets. The State government was helping them (MSMEs) to make the most of the funding provided by the Government of India's Credit Guarantee Fund Trust for Micro and Small Enterprises, while doing what it could within its limitations to give them a fillip, he observed. Mr. Srinivas said there was a sizable number of individuals who went abroad as employees and settled there as entrepreneurs, and many entrepreneurs who had their roots in A.P. have thriving businesses in Tamil Nadu, Karnataka, Telangana and Odisha. The government was encouraging them to consider investing in their home State, Mr. Srinivas said, noting that the biggest leveraging factor was the brand image created by Chief Minister N. Chandrababu Naidu and his untiring efforts to take the State forward.
Business Standard
23-05-2025
- Business
- Business Standard
Equitas SFB board to mull fund raising on 30 May
Equitas Small Finance Bank said that its board is scheduled to meet on Friday, 30 May 2025, to consider a proposal for raising funds through various securities by different permissible modes. The company will raise capital by issuing and allotting such number of equity shares or any other eligible securities and / or other securities convertible into equity shares including warrants, or otherwise through public and/or private offerings in one or more tranches and /or by way of one or more qualified institutions placement, and / or preferential allotment and / or through any other permissible mode Equitas Small Finance Bank is one of the largest small finance banks in India. As a new-age bank, it offer a bouquet of products and services tailored to meet the needs of its customers , individuals with limited access to formal financing channels, as well as affluent and mass affluent, Small & Medium Enterprises (SMEs) and corporates. The companys standalone net profit declined 79.7% to Rs 42.11 crore despite a 10.9% increase in total income to Rs 1,869.42 crore in Q4 FY25 over Q4 FY24. The counter shed 0.37% to settle at Rs 64.31 on the BSE.
The Hindu
17-05-2025
- Business
- The Hindu
Andhra University releases MSME CET results
The results of Micro, Small & Medium Enterprises (MSME) CET- 2025, which was conducted on May 11, were released on Saturday, said E.N. Dhanamjaya Rao, Registrar, Andhra University. A total of 520 students have attended. Out of them, students who got 1st rank secured 100 marks out of 120.
Deccan Herald
21-04-2025
- Business
- Deccan Herald
Indian Brands to Get Global Platform as Index 2025 to Be Held in Kochi
Delhi, April 19, 2025 - Aiming to empower the global expansion of Indian industries, South India's largest industrial exhibition, InDEX 2025, will be held from May 2 to 5 at the Adlux International Convention Centre, Angamaly, Kochi. This grand event is supported by the Ministries of Micro, Small & Medium Enterprises (MSME) and the Ministry of Food Processing Industries (MoFPI), Government of exhibition is being organized under the framework of the National Industries Development Council Committee (NIDCC), which is dedicated to promoting small and medium enterprises across the country. The event will host over 200 business and retail brands, more than 20 financial institutions, as well as international buyers and government objective of InDEX 2025 is to establish Indian brands on a global stage, attract foreign investments, and open new channels of engagement with financial of the Exhibition:● International Buyer Engagement: Opportunity to network with trade delegates and retail chains from across the globe.● Dialogue with Financial Institutions: Discussions on loans, subsidies, and investment prospects.● Government Schemes Awareness: Comprehensive information on MSME and food processing schemes run by central and state governments.● Interaction with Industry Experts: Exchange of ideas with seasoned entrepreneurs and policy makers.● Market Expansion: Platform to showcase products to over 2,500 registered B2B trade Vatsa, Vice Chair person of NIDCC, stated, 'Index 2025 is not just an exhibition, but a gateway to global opportunities for Indian entrepreneurs. Here, they will not only find buyers and investors but also gain new industry insights and government support.'Visitors to the exhibition will have the opportunity to explore various brand offerings and participate in B2B meetings with potential business partners, in addition to accessing valuable information on government schemes and financial institutions through InDApp, the mobile 2025 is emerging as a key platform for industries, traders, and investors alike. If you are associated with any business, participating in this exhibition can be highly K. Jayaraman, National Chairman,Industries Development, added, 'Index 2025 is a golden opportunity to give Indian enterprises international recognition. It is not merely an exhibition, but a symbol of India's industrial future. Our aim is to ensure Indian products and services meet global standards and establish a strong international presence.'Visitors will not only learn about various brand products but also engage in B2B meetings with potential partners and gain essential insights related to government schemes and financial institutions.
Times of Oman
03-03-2025
- Business
- Times of Oman
India's economy set for Q4FY25 boost with increased govt. spending and capex: UBI report
New Delhi: India's economy is expected to see a boost in Q4FY25, supported by a sustained increase in government spending and capital expenditure (Capex), alongside a pickup in consumption driven by the Maha-Kumbh and wedding season, according to a report by Union Bank of India. The report added that the Reserve Bank of India (RBI) has continued to support growth with rate cuts, liquidity provisions, and regulatory adjustments, including the reversal of macroprudential tightening. These measures, combined with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Micro, Small & Medium Enterprises (MSME) scheme, are set to spur credit growth in the coming months. However, the report pointed out the key risks adding that ongoing tariff wars and escalating geopolitical tensions, which could dampen the economic recovery. India's economic growth registered rate of 6.2 per cent in Q3FY25. However, signs of recovery are beginning to emerge, with the report projecting a 7.6% growth in Q4FY25, suggesting a potential turnaround in the months ahead. "India's GDP grew by 6.2% in Q3FY25 after a 7-quarter low of 5.6% (revised upwards from 5.4%) in Q2FY25. The yearly FY25 is revised from 6.4% to 6.5%, thereby we expecting a 7.6% growth in Q4FY25 to achieve the same," the report adds. The Gross Value Added (GVA) which is a measure of the total value created by the businesses grew by 6.2 per cent in Q3FY25 from 5.8 per cent in Q2FY25, due to robust growth in agriculture and industry, especially manufacturing activities during the quarter. The weak GDP numbers compared to the last years can be gauged from the consumption in the economy and the latest stock market performance. Despite the deceleration in growth, the report added that the government's fiscal spending, along with a resurgence in consumption fueled by seasonal factors in the coming months. In addition despite the uncertain global outlook, India's economic momentum is expected to sustain, driven by strong rural demand and a revival in urban consumption, as highlighted by Chief Economic Adviser Anantha Nageswaran on Friday The report also mentioned that Reserve Bank of India (RBI) has taken steps to support growth through liquidity injections and an accommodative monetary policy. In February 2025, the RBI cut interest rates by 25 basis points, aiming to revive investment and consumption. Additionally, the central bank has been actively managing liquidity through Open Market Operations (OMOs) and implementing regulatory leeways to encourage credit growth, particularly for MSMEs and non-banking financial companies (NBFCs).
