TIHCL, Indian Chamber of Commerce join hands to help MSMEs in Telangana State

Hyderabad: The Indian Chamber of Commerce (ICC) on Monday signed an MoU with TIHCL for handholding and providing expertise mainly in financial and operational restructuring to MSME’s in the region. The agreement was signed at pre-inaugural session of BioAsia 2019 which got underway here on Monday.   

Dr Satish Reddy, Chairman, Dr Reddy’s Labs, who participated in the pre-inaugural session, congratulated ICC and said, “I am happy to be here at the ICC pre-inaugural event of BioAsia and good to see the beginning of the MSME initiatives and would like to see similar spirit in the upcoming programs as reflected since its launch”. He suggested ICC working with pharma sector in consultative status including MSMEs in the region. 

Rajiv Reddy, Chairman, Southern Council, said: “ICC believes in the potential of MSME sector and startups, no matter what ever the challenges and what they have been through. We will support them, stand up for them and bring out the best. We are going to organise bi-monthly programmes throughout the year in association with Government of Telangana on MSME sector issues involving various stake holders”.

Meanwhile, Telangana Governor E S L Narasimhan inaugurated the three-day, 16th edition of BioAsia 2019 in the city on Monday. The Asia’s largest biotechnology and life-sciences forum will continue till February 27.