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VOL. 7, ISSUE 2 (2025)
The role of Telangana in promoting the development of MSMEs
Authors
Dr. Mallesham Vanga
Abstract
MSMEs, or micro, small, and medium-sized enterprises, are essential to
hastening India's transition to globalization. They have a major impact on
exports, industrial production, job creation, and balanced regional
development. MSMEs, which are sometimes seen as the foundation of the economy,
support local supply chains, foster entrepreneurship, and stimulate innovation.
MSMEs have become important engines of economic growth in states like
Telangana, especially in industries like information technology, agro-processing,
handlooms, handicrafts, and pharmaceuticals. Their contribution to the state's
development has been further reinforced by government measures like as
financial support programs, startup incubation centers, and industrial parks.
Multinational corporations (MNCs) and large-scale industries (LSIs) fiercely
compete with MSMEs, notwithstanding their significance. These larger companies
are able to produce things at reduced costs because of economies of scale,
sophisticated technology, powerful branding, and greater access to finance.
Small businesses are further strained by the entry of less expensive
alternatives into domestic markets. Limited funding, antiquated equipment,
marketing difficulties, and volatile raw material pricing are problems that
many MSMEs face. MSMEs need ongoing policy assistance, technology advancement,
talent development, and better access to international markets in order to
maintain growth and stay competitive.
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Pages:79-81
How to cite this article:
Dr. Mallesham Vanga "The role of Telangana in promoting the development of MSMEs". International Journal of Finance and Commerce, Vol 7, Issue 2, 2025, Pages 79-81
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