Telangana govt to introduce policy for IT MSMEs

On April 9, Jayesh Ranjan the Telangana state IT and Industries department principal secretary said: "The Telangana government is all set to formulate a policy for Micro, Small and Medium Enterprises (MSMEs) to facilitate them in the Information and Technology (IT) sector."

He advised that ''IT MSMEs must expand their horizons and look at unexplored geographies to provide their services,'' while speaking at the 2nd edition of BizSummit organised by the Hyderabad Software Enterprises Association (HYSEA) on Friday.

Naming the pandemic period as the new Y2K – wherein large Indian IT companies played a key role — the principal secretary said that now the IT industry has become democratised and there are many companies providing services much better than large enterprises.

“Many companies have been able to reach productivity and recruitment targets. In this, MSMEs have played a major role and the real contribution has come from these companies,'' he said.

Moreover, pointing out that the government is keen to work with MSMEs and startups in the domains of agriculture and education, he added ''Along with industry associations, the government is looking at providing skilling and upskilling opportunities to MSMEs.''

''About 1,500 IT MSMEs are present in Hyderabad, employing 50 per cent of the total 6.5 lakh IT employees. We have made some recommendations to the state government on the upcoming IT policy from the MSME committee. These include a purchase support, subsidized office space for MSMEs, construction of dedicated IT towers and creation of financial instruments for capital infusion,” said Hyderabad Software Enterprises Association (HYSEA) president Bharani Kumar Aroll.