New MSME Policy Highlights Growth Under BRS Regime: KT Rama Rao

BRS working president and former Industries Minister KT Rama Rao remarked that the new MSME policy unveiled by the Congress government acknowledges the significant growth of the Micro, Small, and Medium Enterprises (MSMEs) sector during the BRS regime.

Rama Rao emphasized that the Congress government is reaping the benefits of initiatives launched under the leadership of former Chief Minister K Chandrashekhar Rao. In response to the new policy launched on Wednesday, he highlighted the substantial progress made by MSMEs over the past decade, pointing out that the government’s own data confirms the sector’s robust growth under BRS rule.

Rama Rao cited key statistics from the policy, noting a 11-15% growth rate for MSMEs over the last decade and a 115% increase in investments, attributed to the TS-iPASS industrial policy. He further noted that MSMEs’ contribution to Telangana’s Gross State Domestic Product (GSDP) has increased by 10%, and the number of MSMEs has risen by 15% annually, demonstrating the sector’s strength.

He also pointed out the 20% increase in job creation within the MSME sector, with 30% of the new jobs benefiting SC/ST women. Moreover, the state recorded the lowest number of MSME closures between 2020 and 2023, a feat attributed to the BRS government’s forward-thinking policies and targeted support for small industries.

“These statistics are not claims by the BRS but are provided by the Congress government itself,” Rama Rao said, adding that despite attempts to undermine Chandrashekhar Rao’s contributions, the data speaks for itself. He stated that the newly released MSME policy stands as evidence of the sector’s progress under the BRS administration.

In a separate statement, former Minister and senior BRS MLA T Harish Rao praised the Chandrashekhar Rao government for driving unprecedented growth in Telangana’s MSME sector. He argued that the Congress government is merely benefiting from the momentum created by the BRS without introducing any new initiatives. He stressed the importance of visionary leadership in achieving such milestones, challenging the Congress’ attempts to claim credit for the BRS-led industrial progress.

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