Tirupati, Feb 28 (KNN) Sri Venkateswara (SV) University located in Tirupati, Andhra Pradesh has expressed interest in providing every type of support for the growth of MSME incubators.

Highlighting the intention of the university, Vice Chancellor Prof K Raja Reddy said MSMEs in the country are well known for their flexibility and cost-effectiveness which make their products highly competitive in the global market and offer opportunities for export growth.

Reddy was addressing the inaugural session of the 2-day vendor development programme-cum-buyer-seller interaction meet & industrial exhibition on Monday.

It was organised by the MSME Development Institute of the Government of India, Visakhapatnam, in association with Veeranjaneya Printers and Toners Association.

Representing SV University which has been recognised as a nodal agency for MSMEs by the Government of India, Reddy said MSMEs play an important role in the Indian economy in terms of employment generation, export promotion and overall economic growth.

“MSMEs are the largest employers as they employ 110 million people and contribute about 30 percent of the country's GDP,” he added.

OSD in TTD KN Ramakrishna, SBI AGM A Murali, Ramanjaneya from SCR, RINL AGM PSS Prasad, V Vijay Bhaskar, Secretary, Veeranjaneya Printers & Toners Association, In-charge Assistant Director, MSME-DFO, Visakhapatnam GVR Naidu, GM, District Industries Centre, Tirupati, Prathap Reddy and others participated in the programme.  (KNN Bureau)