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IT MSMEs policy to be out soon: Jayesh Ranjan

Telangana IT and Industries department principal secretary Jayesh Ranjan also advised that the IT MSMEs must expand their horizons and look at unexplored geographies to provide their services

By Telangana Today

Published Date - 9 April 2021, 10:48 PM

IT MSMEs policy to be out soon: Jayesh Ranjan — Hysea president Bharani Kumar Aroll (second from left) with IT principal secretary Jayesh Ranjan at the Hysea BizSummit in Hyderabad on Friday.

Hyderabad: In order to facilitate and handhold MSMEs in the IT sector, the Telangana government is all set to formulate a policy for Micro, Small and Medium Enterprises (MSMEs) soon, a top official said. Telangana IT and Industries department principal secretary Jayesh Ranjan also advised that the IT MSMEs must expand their horizons and look at unexplored geographies to provide their services. Terming the pandemic period as the new Y2K – wherein large Indian IT companies played a key role — the principal secretary said that now IT industry has become democratised and there are many companies providing services much better than large enterprises.

“The IT industry in Hyderabad is an important global centre and the transition during the Covid-19 period has happened smoothly. Many companies have been able to reach productivity and recruitment targets. In this, MSMEs have a played major role and the real contribution has come from these companies. A few niche companies have emerged during this period,” he said.

Ranjan, who was speaking at the 2nd edition of Hysea BizSummit with an overarching theme, ‘Expanding Growth Horizons in the new Normal’, added that the government is keen to work with MSMEs and startups in the domains of agriculture and education. He also mentioned that along with industry associations, the government is looking at providing skilling and upskilling opportunities to MSMEs.

Meanwhile, Hyderabad Software Enterprises Association (Hysea) president Bharani Kumar Aroll said, “MSMEs are the hotbed of innovation and about 80 per cent of our member companies are from this segment. About 1,500 IT MSMEs are present in Hyderabad, employing 50 per cent of the total 6.5 lakh IT employees. We have made some recommendations to the State government on the upcoming IT policy from the MSME committee. These include a purchase support, subsidized office space for MSMEs, construction of dedicated IT towers and creation of financial instruments for capital infusion.”