MSME entrepreneurs in the city feel that the exclusive park mooted by the State government for them should be earmarked for manufacturing defence components.
With Visakhapatnam turning into a hub for defence-based industries, naval establishments and laboratories, CII former president and Maple Software CEO G.S. Shiv Kumar told The Hindu that an exclusive MSME Park for defence equipment should be set up in the district.
“The CII is planning to hold meetings with the officials concerned and the stakeholders to explain about incentives being offered to the MSMEs in the defence sector, apart from interactive sessions with venture capitalists and AP State Financial Corporation on how to build the working capital,” Mr. Shiv Kumar said. The city, along with its neighbourhood, is home for the headquarters of Eastern Naval Command (ENC), INS Kalinga, Hindustan Shipyard Limited (HSL), Shipbuilding Centre and Naval Alternate Operational Base. MSME entrepreneurs have already approached Chief Minister N. Chandrababu Naidu and IT Minister N. Lokesh with a plea to concede their demand. The government has already announced that it would establish a MSME park in each Assembly constituency. The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has been told to earmark space for the proposed parks to encourage downstream and ancillary units. This will lead to creation of strong vendor base and creation of employment opportunities. Read more