Chandrababau Naidu unveils MSME growth plan; cites ₹23 lakh crore investment, 23 lakh jobs in 23 months
Andhra Pradesh Chief Minister N. Chandrababu Naidu has launched a development plan to enhance the state's Micro, Small and Medium Enterprises (MSMEs) sector. The initiative aims to attract ₹23 lakh crore in investments and create 23 lakh jobs over the next 23 months. The government is focusing on empowering youth and integrating MSMEs into high-tech industries while promoting a circular economy.
- ▪The MSME Growth Summit 2026 was held at the Dr. B.R. Ambedkar Convention Centre.
- ▪The government has committed to providing fiscal incentives and building infrastructure to support MSMEs.
- ▪A target has been set to turn five lakh women from self-help groups into entrepreneurs within a year.
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Andhra Pradesh Chief Minister N. Chandrababu Naidu on Monday (May 25, 2026) unveiled a development blueprint aimed at transforming the State into a global hub for Micro, Small and Medium Enterprises (MSMEs), advanced manufacturing and grassroots entrepreneurship.Addressing the MSME Growth Summit 2026 at the newly inaugurated Dr. B.R. Ambedkar Convention Centre, Mr. Naidu described small and medium businesses as the backbone of employment generation, second only to agriculture, and outlined a governance strategy to help small ideas grow into large-scale industrial operations.Naidu to Gen Z and Alpha: tell us your dreams, we will back youA.P.
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