Kondapalli Urges MSMEs To Adopt ESG For Growth

Visakhapatnam:MSME and NRI Affairs Minister Kondapalli underlined the strategic importance of involving the principles of Environmental, Social and Governance (ESG) in MSME operations, and is vital to increase competitiveness, to ensure sustainability and to attract global investments.

On Saturday, the Minister addressed the opening session of ESG for MSMEs organized by FICCI in Visakhapatnam and the opening session of a workshop on sustainable growth, that the MSMEs formed the backbone of the Indian economy, added about 45 percent of the exports, and that 11 CRORE was imposed and the GDP was more than 30 percent of the GDP. Encouraging industrial growth, he appreciated the latest national reforms, including gst rationalization, which provides relaxation to both MSME and the middle class.

Kondapalli also emphasized the vision of strengthening the MSME ecosystem by restructuring systems for the ease of doing business, Prime Minister N. Chandrababu Naidu also emphasized employment in all 175 parliamentary election areas by focusing MSME parks on rural areas and reducing operational costs.

The minister has elaborated state initiatives such as cluster -based common plant centers (CFCs) for sectors including gold, pharmaceuticals and textiles; The creation of an ecosystem that connects universities, financial institutions, initiative capitalists and government organizations; Encouraging the adoption of clean and green energy in manufacturing; And the Prime Minister’s Employment Production Program (CMEGP), which is recommended to encourage micro-informalism at the base level. The authority added that each parliamentary election zone will be deployed industrial promotional officers and the base support, retention and the last miles delivery for MSMes will be applied at the regional level of commerce chambers.

APMSMEDC President Thammirreddy Sivasankara Rao emphasized the critical importance of addressing environmental problems such as climate change, industrial pollution, waste treatment and pesticide residues, which are increasingly decisive factors in global trade and market competitiveness.