Andhra Pradesh Chief Minister N. Chandrababu Naidu emphasised the government’s top priority of promoting Micro, Small, and Medium Enterprises (MSME), particularly in the food processing sector, which has significant potential in the state. During a review meeting on MSMEs and the Department of Food Processing at the Secretariat on 12 September 2024, Mr. Naidu stated that the government is committed to reviving MSMEs, which have faced severe challenges in recent years.
He noted that MSME parks had seen little progress over the past five years, but the current government would provide the necessary support to help them recover. Priority would be given to releasing pending incentives, he added. Mr. Naidu proposed that farmers should have a stake in MSME parks to directly benefit from the business and recommended that officials study a similar model in Pune. He also stressed the need for a simple, compliance-friendly policy, suggesting that automatic permissions be granted in case of delays, and instructed officials to connect DWCRA groups with MSMEs.
Additionally, Mr. Naidu called for the modernisation of Auto Nagars to accommodate electric vehicles and announced a ₹100 crore allocation as a credit guarantee for MSMEs. He highlighted the potential for growth in the food processing industry and urged officials to promote organic farming on a large scale. Ministers T.G. Bharat (Industries & Commerce) and Kondapalli Srinivas (MSMEs) were also in attendance.
Chief Minister N. Chandrababu Naidu’s focus on revitalising MSMEs, especially in the food processing sector, highlights a strategic approach to harnessing the sector’s potential for economic growth. His initiatives, including the modernisation of Auto Nagars and the provision of credit guarantees, reflect a commitment to creating a supportive environment for small and medium enterprises. By integrating farmers into MSME parks and promoting organic farming, Naidu aims to enhance local production and sustainability, addressing both economic and environmental concerns.
In light of Andhra Pradesh’s ambitious plans to boost MSMEs, Vakilsearch offers essential compliance and advisory services tailored to support businesses navigating regulatory changes and opportunities. Our team specialises in ensuring your business aligns with new policies, secures necessary incentives, and optimises operations for growth. Whether you’re involved in food processing or any other sector, Vakilsearch provides expert guidance to help you take full advantage of government initiatives and achieve sustainable success.
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