Telangana mulls CoE for MSMEs, grievance day to resolve issues

The state of Telangana is considering establishing a Center of Excellence (CoE) for micro, small and medium enterprises (MSMEs) to aid technology adoption, expand market access, and facilitate investment links for these businesses. The move aims to promote products made in Telangana in both domestic and international markets. IT and Industries Minister D. Sridhar Babu emphasized the crucial role of MSMEs in industrial development and their contribution to the livelihoods of millions of families when inaugurating the LUB MSME South India Summit.

The government has also introduced a dedicated MSME policy to bolster and bolster support for these enterprises. Furthermore, the minister announced plans to establish a monthly MSME grievance day to address concerns and find solutions for these businesses. Efforts are being made to enhance industrial estates in and around Hyderabad, urging MSMEs to concentrate on product quality, technology adoption, skill development, and production capacity to stay competitive.

Notable attendees at the summit included SBI Managing Director Ram Mohan Rao and representatives from Laghu Udyog Bharati (Telangana), such as Y. Venkateswarlu, K. Narendra Nath Dutt, and Om Anuj Khadelwal.