Telangana continues to inspire the nation with its innovative and path-breaking policies. In the latest development, an expert committee report on ‘Micro, Small and Medium Enterprise’ stated that ‘Telangana has adopted an innovative model for a startup which may be assessed for possible replication in other states.’
UK Sinha committee report explained the Telangana start-up model in their report (page -30) and in their recommendations suggested that all states replicate the Telangana Model (page-31).
The Reserve Bank of India (RBI) constituted this panel under the Chairmanship of Former SEBI Chairman UK Sinha. The committee has submitted a report to RBI Governor on June 2019.
Union Minister Nitin Gadkari had this week stated that the Union Government is going to consider the recommendations of the UK Sinha committee report soon.
The committee, under the Chairmanship of UK Sinha, interacted with various stakeholders across the country and international experts as well before submitting the report. The committee also deliberated on all aspects relating to startups in India.
The U.K. Sinha led MSME panel has also been asked to propose measures for leveraging technology in accelerating the growth of the sector and suggest long-term solutions for the economic and financial sustainability of the MSME sector.
Telangana stands as a role model for the nation in the start-up industry. Today, the people of the state feel that ‘what Telangana thinks and implements today, the nation follows it tomorrow.’