Telangana Aims to Boost Investments with New MSME Clusters

In a bid to attract more investments and foster the growth of micro, small, and medium enterprises (MSMEs), the Telangana government is planning to establish additional MSME clusters across the state. This move comes as part of the government's efforts to create a conducive environment for businesses and support local entrepreneurs.

The state authorities are currently identifying suitable land parcels to accommodate companies that have expressed interest in investing in Telangana. Several companies have announced investment proposals worth nearly Rs 50,000 crore. To facilitate these investments and ensure seamless project execution, the government is actively coordinating with the interested companies. The establishment of dedicated MSME clusters is expected to provide world-class industrial infrastructure and a supportive ecosystem for small and medium-sized businesses.

Over the past three months, the state has received more than 140 applications from companies seeking to invest in Telangana. After a thorough evaluation process, 113 companies have been identified as eligible for land allotment. As soon as the model code was lifted, the government promptly allocated land to these companies.

Through these 113 companies, Telangana is expected to receive investments worth Rs 2,200 crore, which will create more than 7,000 employment opportunities in the state. Among the companies allotted land are renowned names such as France's Mane, Hong Kong's APC, and Malabar Gold. However, a significant portion of the allocated land, nearly 70%, has been designated for MSMEs.

The state government recognizes the crucial role played by MSMEs in driving economic growth and job creation. By establishing dedicated clusters, the government aims to provide a supportive ecosystem for these enterprises, enabling them to thrive and contribute to the state's overall development.

In addition to the MSME clusters, the government is also focusing on developing world-class industrial infrastructure to attract domestic and foreign investments. This comprehensive approach is expected to position Telangana as an attractive destination for businesses and foster a vibrant entrepreneurial ecosystem within the state.