Andhra Pradesh plans to boost MSMEs for economic equity

The Andhra Pradesh government is focused on supporting micro, small, and medium enterprises (MSMEs) to help reduce the wealth gap in the state. Minister Kondapalli Srinivas made these comments during a workshop aimed at empowering MSMEs for growth and innovation. Srinivas announced that ten key plans are included in the Swarnandhra Vision 2047 document, which outlines strategies to enhance the MSME sector. He emphasized the goal of having one MSME in each of the 175 Assembly constituencies. The plan aims to identify regional strengths to promote specific industries effectively. The Chief Minister, N. Chandrababu Naidu, wants to improve the business environment further. The state is already ranked number one for Ease of Doing Business, and efforts are underway to speed up business processes. In the current financial year, Andhra Pradesh's exports are estimated at ₹1.63 lakh crore, with an aim to boost this through improved product quality. Additionally, Srinivas highlighted a vision to foster one entrepreneur per household in the state by 2030. This initiative encourages private sector participation and focuses on export opportunities for MSMEs. NITI Aayog Senior Advisor Sanjeet Singh praised the Chief Minister’s plans for establishing MSME Parks across all constituencies and the "One family–one entrepreneur" concept, noting its potential as a model for other states. During the event, local officials pointed out that regions like Visakhapatnam, with its ports and steel plant, have the resources needed for industrial growth. The workshop saw participation from various industry leaders and officials, marking a significant step in promoting the MSME sector in Andhra Pradesh.