To help small and midscale IT players thrive in the state, the Telangana government is mulling a dedicated policy for IT MSMEs in the near term, Telangana IT principal secretary Jayesh Ranjan said. There are around 1,500 mid and small-sized IT enterprises in Telangana.
“The specific suggestions you have made to ensure that MSMEs continue to grow in Telangana… their basic pain points are solved…we are absolutely certain that we will do it. The suggestions you have made are the right ones… we will be formalizing all that into policy, into GOs…into actionable points in days to come”, Ranjan said while addressing participants at the Hyderabad Software Enterprises Association’s (Hysea) BizSummit 2021.
With Covid-19 accelerating the pace of digital transformation across sectors, it offers lucrative opportunities for Telangana’s IT MSMEs to tap new markets such as Latin American and Africa, among others, to boost growth, he added.
Apart from tapping new overseas markets, these MSMEs can explore digitization business opportunities in the areas of education and agriculture, he said. “This is like the new Y2K…there are enormous opportunities for MSMEs as opportunities are democratized now,” he said.
Bharani K Aroll, President, Hysea, said a considerable part of the state’s IT revenues comes from MSMEs and the government’s move to come up with a special policy will give a further boost to IT MSMEs.
Even Rajesh Nambiar, CMD, Cognizant Technology Solutions said the Covid-19 pandemic has widened the divide between digital natives and legacy economy companies struggling to shift to a fully digital operating model.” As more organizations look to become more digital, more quickly, the secular trend of digital transformation is going to be the key driver of growth for the IT industry,” he said.
Saurabh Gaur, joint secretary, ministry of electronics & IT, highlighted the various policy initiatives of the Centre that will boost IT sector growth.
