- Tag results for MSME
District Collector Nikhil Pawan Kalyan had urged the bankers at a review meeting to extend financial assistance to MSME entrepreneurs for generating employment opportunities.
The state has brought out an industrial policy which lays emphasis on creating more employment by boosting industrial growth.
An app and special catalogue featuring 50 MSME entrepreneurs released during the event.
Altogether, 3.22 lakh MSMEs have been established with an investment of Rs 15,959 crore and employment generated for 13.35 lakh persons till March 2018.
The officials of the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and Industries departments have so far identified lands for setting up only 31 MSME parks across the State.
The three-day event ending on June 24 aims to boost MSMEs, Startups and budding young entrepreneurs. It also aims to provide them with the much needed unified global platform for networking.
Chief Minister Chandrababu Naidu on Sunday cleared the proposal, which is estimated to cost Rs 347 crore.
AS many as 1,97,727 MSME units have been established with an investment of Rs10,320 crore with employment generation of 5.96 lakh persons during the last four years.
The lender, however, reported a 59 per cent decline in net profit for the fourth quarter ended March 31, due to the hardening of the bond yields and as provisions for bad loans more than doubled.
The three updated websites were launched for the benefit Micro, Small and Medium Enterprises sector.
In less than a year, the State Industries Department has approved as many as 3,954 industries in the Micro, Small and Medium Enterprises (MSME) sector.
The new policy will replace the industrial policy of 1991 which was prepared in the backdrop of balance of payment crisis.
It is decided to create a model under which 400 villages in first phase and 400 villages in the second phase will generate four lakh jobs every year, Singh said.
The stage is set for the Odisha MSME International Trade Fair, 2018 to be held from March 5 to 10 with a focus on food processing sector.
India Inc today welcomed the government's move to change the criteria for classifying MSMEs saying it will ease the cash flow for businesses and increase employment in the sector.