TS a top job generator in MSMEs
- Maharashtra, Gujarat and Telangana have been the largest job generators in micro, small and medium enterprises (MSME) sector over the past four years, an all-India survey by the Confederation of Indian Industry (CII) has revealed.
- In case of exporters, Maharashtra, Tamil Nadu and Telangana emerged top three States, the CII survey covering 1.05 lakh MSME units in 350 industrial centres of the country showed. The industry body used the turnover-based definition of MSMEs.
- The survey focussed on jobs created over the last four years, jobs expected to be created in short term (one year) and medium term (three years).
- It was disclosed that the geographic dispersion of 3.32 lakh jobs created in the country over the last four years, an increase of 13.9% over employment base four years ago, was predominantly in Maharashtra (29%), Gujarat (14%) and Telangana (10%). The three States accounted for 54% of the jobs.
- The survey indicated that exporters were responsible for 21% of the 3.32 lakh jobs created. About 8,800 jobs were created in Telangana by exporter MSMEs in food processing, metal products, machinery parts, textiles and apparels and IT and tech. Another 24,184 jobs were created in the State by non-exporter MSMEs involved in hospitality and tourism, textiles and apparels, transport and logistics.
- It came to light that 5.70 lakh jobs were likely to be created in the country in short term (one year), of which Telangana will account for 42,535 jobs and stand fifth in the country behind Maharashtra, Gujarat, Karnataka and Tamil Nadu. Of the 42,535 jobs in the State, exporters will contribute 9,992 jobs and non-exporters 32,543 jobs.
- The road map for medium term (three years) MSMEs in Telangana shows exporters likely to create 20,401 jobs and non-exporters 60,392 jobs.
- An estimated 25 lakh people are employed in 11 lakh MSME units, both in organised and unorganised sectors, in Telangana.