Latest news with #AbhivrudhiPadhamloSwarnaAndhraPradeshNuthanaPrayanam
Hans India
25-05-2025
- Business
- Hans India
Minister Srinivas launches new entrepreneurship drive
Tirupati: In a major push to foster entrepreneurship and accelerate MSME development, Minister for MSME, SERP, and NRI Empowerment & Relations, Kondapalli Srinivas launched the project 'Abhivrudhi Padham lo Swarna Andhra Pradesh Nuthana Prayanam' in Tirupati on Saturday. The minister also inaugurated the CII Andhra Pradesh Entrepreneurs Development Forum and the CII Tirupati Entrepreneurs Development Forum, aiming to create a robust support ecosystem for entrepreneurs in the region. Speaking on the occasion, the Minister highlighted the state government's flagship initiative, 'One Family, One Entrepreneur', which envisions cultivating a culture of entrepreneurship in every household. He emphasised that this mission is crucial for the development of micro, small, and medium enterprises (MSMEs), which are seen as key drivers of self-reliance, innovation, and employment generation. To sustain Andhra Pradesh's ambitious economic targets including an annual growth rate exceeding 15 percent and a $2.4 trillion economy under 'Swarna Andhra@2047', Minister Srinivas reiterated the Chief Minister's call for the establishment of at least one MSME park in each constituency. These parks will feature plug-and-play infrastructure, including roads, power, training facilities, and subsidised costs, aimed at reducing initial capital burdens for new enterprises. Tirupati District Collector Dr S Venkateswar noted that districts such as Tirupati, Anakapalli, and Visakhapatnam stand out for their dynamic MSME sectors. Tirupati alone boasts over 15,000 MSMEs generating more than 2.5 lakh jobs—surpassing employment figures in the district's large-scale industries. He also revealed that the MSME sector in Tirupati is growing at an impressive rate of 18 percent. Vice Chairman of CII Andhra Pradesh, S. Narendra Kumar stressed the national need to create 7.85 million non-farm jobs annually by 2030. He underscored the role of microenterprises as the engine of job growth in dynamic economies and said that the state's emphasis on mass entrepreneurship aligns closely with India's employment objectives. Past Chairman of CII Andhra Pradesh Vijay Naidu Galla, and Vice Chairman of CII Tirupati SP Rajendran also spoke.
The Hindu
24-05-2025
- Business
- The Hindu
Andhra Pradesh government launched ‘One Family, One Entrepreneur', to foster a culture of entrepreneurship in every household, says MSME Minister
Minister for Micro, Small and Medium Enterprises (MSME) Kondapalli Srinivas launched Confederation of Indian Industry (CII) Andhra Pradesh Entrepreneurs Development Forum and CII Tirupati Entrepreneurs Development Forum in Tirupati on Saturday. He also unveiled the CII Project 'Abhivrudhi Padham lo Swarna Andhra Pradesh Nuthana Prayanam.' Addressing the gathering, he said, 'The A.P. government has launched the flagship programme 'One Family, One Entrepreneur', with a mission to foster a culture of entrepreneurship in every household. This initiative plays a pivotal role in the development of MSMEs as drivers of self-reliance, innovation and job creation.' The Minister further said, 'In a landmark move under Phase 1, the Chief Minister has inaugurated MSME Parks and Flatted Factory Complexes in 11 Assembly constituencies and the foundation stones were laid in 39 other constituencies at Narempeta village in Atmakur mandal of SPSR Nellore district on 1st May, 2025.' 'In order to sustain the annual growth rate exceeding 15% and achieving $2.4-trillion economy, as mandated under Swarna Andhra@2047, the Chief Minister has reiterated the need for establishment of at least one MSME Park in each constituency for extending infrastructural support by developing plug and play facilities, approach road and power, which would reduce the initial capital costs,' he added. Tirupati District Collector S. Venkateswar said, 'At present, the growth in Tirupati is 18% and there are more than 15,000 MSMEs in the district generating 2.5 lakh employment which is more than the large industries in the district.' S. Narendra Kumar, vice-chairman, CII Andhra Pradesh, said, 'India must create 7.85 million non-farm sector jobs annually by 2030. Microenterprises, being the engine of job growth in dynamic economies, are vital to meeting this challenge. A.P.'s focus on mass entrepreneurship is aligned with national employment goals.' CII project 'The project titled 'Abhivruddhi Patham Lo Swarna Andhra Pradesh' (A new journey towards development) is the first major step by the CII as a part of its Centre of Excellence on Employment and Livelihood (CEL). This has been officially launched with the support from the State government and Volvo Group Trust,' he informed.
