Vijayawada: Chief Minister N. Chandrababu Naidu will inaugurate the MSME Growth Summit 2026 at the newly built Dr Ambedkar Kala Vedika Convention Centre in Vijayawada on May 25, with the state government aiming to accelerate industrial growth, digital transformation and employment generation in the MSME sector.
The summit is expected to bring together more than 1,500 stakeholders, including entrepreneurs, industrial associations, startup founders, bankers, technology partners, PM Vishwakarma beneficiaries and policymakers from across Andhra Pradesh.
Officials said the summit would serve as a platform for technology, innovation, investments and market access while laying the foundation for a new phase of industrial growth in the state.
A key highlight of the summit will be the virtual foundation stone laying ceremony for 38 new MSME parks under Phase-III of the 175 MSME Parks Scheme. The initiative aims to provide entrepreneurs with affordable industrial spaces equipped with modern infrastructure.
The government will also launch the AP Cluster Development Programme (AP-CDP), under which 45 MSME clusters will be developed between 2026 and 2030 with an outlay of ₹200 crore. The programme is expected to benefit more than 1,600 MSME units through common facility centres and shared infrastructure support.
RuTAG Smart Village Centre extension hubs under the Ratan Tata Innovation Hub will also be launched in Kuppam, Mangalagiri and Pithapuram to promote rural innovation and entrepreneurship.
The summit will also feature the announcement of a ₹20-crore SIDBI-RTIH Seed Fund to support deep-tech startups during their early stages.
Under the Meta Growth Academy initiative, nearly one lakh micro enterprises will receive training in digital marketing and online business opportunities through Facebook and Instagram platforms.
Officials said more than 10,000 MSME products from Andhra Pradesh would gain access to global e-commerce markets through a partnership with Amazon Global Selling.
Public sector banks, including SBI, Union Bank, Canara Bank, Indian Bank and AP Grameena Bank, will set up finance desks at the summit to facilitate spot loan processing for MSMEs.
The summit will also feature sessions on global market access, digital trade, technology transfer and working capital opportunities for entrepreneurs.
Infographic Points
Delegates expected: 1,500+
New MSME parks: 38
MSME clusters planned: 45
Investment outlay: ₹200 crore
MSME units to benefit: 1,600+
Digital training target: 1 lakh micro enterprises
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: deccanchronicle.com
