MSMEs key engine of country’s economic development, says NTR Collector

District Collector NTR G. Lakshmisha releases poster for MSME Day event scheduled on June 27, Thursday at Collectorate, Vijayawada. | Photo credit: GN RAO

NTR District Collector G. Lakshmisha said micro, small and medium enterprises (MSMEs) have emerged as key drivers of economic development in the country as they provide employment in both rural and urban areas.

Addressing a press conference at the Collectorate here on Thursday, the Collector said that MSMEs play a vital role in the growth of the country’s gross domestic product as they absorb local talent, promote self-employment and industrial development.

To bring together seasoned industrialists and budding entrepreneurs on one platform and encourage them, the district administration will organize MSME Utsav-2026 on June 27 (Saturday), on the occasion of International MSME Day, at Ratan Tata Innovation Hub (RTIH) in Enikepad, the Collector said.

He added that the event will also be an opportunity for young people to turn their ideas into reality and also showcase their products at exhibition stands at the fair. He urged the youth to make the most of the opportunities.

RTIH Vijayawada CEO G. Krishnan, AP MSME Industries Association President D. Durgaprasad, District Industries Officer M. Madhu and company representatives attended the press conference.

Published – 25 Jun 2026 23:11 IST