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Vijayawada MSMEs: Scaling Local to Global
16 Dec
Summary
- Summit highlights resolve and ambition of local entrepreneurs.
- State plans 175 industrial parks for grassroots infrastructure.
- Entrepreneurs discussed real stories, challenges, and business playbooks.
The ET Make in India SME Regional Summit recently convened in Vijayawada, Andhra Pradesh, focusing on empowering micro, small, and medium-sized enterprises (MSMEs). The event served as a crucial platform for entrepreneurs, industry professionals, and policymakers to discuss growth strategies and address sector-specific challenges.
Key discussions revolved around unlocking opportunities for MSMEs to scale both locally and globally. M. Madhu, General Manager of the District Industries Centre in NTR District, shared the vision for an inclusive industrial ecosystem. The Andhra Pradesh government's plan to establish 175 industrial parks across assembly constituencies was highlighted as a move to bolster grassroots infrastructure.
Entrepreneurs shared their journeys, emphasizing how 'Make in India' initiatives originating from Vijayawada are enabling businesses to compete on a global scale. Sessions also delved into the importance of digital literacy, financial support from institutions like IDBI Bank, and the need for skill development aligned with MSME requirements to strengthen the region's economic future.
