International Journal of Research in Economics and Social Sciences
  • Year: 2016
  • Volume: 6
  • Issue: 2

Growth of Msme Sector and Industrial Structure in Telangana Region: An Overview

  • Author:
  • J. Venkatesh1, R. Lavanya Kumari2,3, S Thenmozhi4, P Balasubramanie5
  • Total Page Count: 10
  • Page Number: 195 to 204

1Associate Professor, Department of Management Studies, Anna University, Regional Campus Coimbatore, Navavoor, Coimbatore-641 046, Tamil Nadu, India

2Ph. D. (PT) Research Scholar, Management Studies, Karpagam University, Eachanari, Coimbatore-641 021, Tamil Nadu

3Assistant Professor-Department of Business Management, St. Joseph's Degree & PG College, Basheerbagh, King Koti Main Road, Hyderabad-500 029, Andhra Pradesh, India

4Associate Professor, Department of Computer Applications, Gnanamani College of Technology, A.K. Samuthiram, Pachal Post, Namakkal-637 018, Tamil Nadu, India

5Professor, Department of Computer Science and Engineering, Kongu Engineering College, Perundurai, Erode-638 052, Tamil Nadu, India

Online published on 25 May, 2016.

Abstract

Industrialization will be the key strategy followed for economic growth and development of Telangana state. The vision for industrialization of Telangana is “Research to Innovation; Innovation to Industry; Industry to Prosperity”. The industrial policy framework recently approved by the Telangana Legislate is intended to be driven by the slogan-Innovate, Incubate, Incorporate”. Innovation and technology will drive the industries of the Telangana State. The paper highlights growth of MSME and also the industrial structure where as MSME's provides supplementary income to rural folks who provide gainful employment and facilitate processing of primary commodities. In Telangana, the districts around Hyderabad provide good prospects for MSMEs especially in IT sector and other sophisticated industries.

Keywords

CAGR, GSDP, IT/ITes, MSMEs and SEZ's