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FSME India hails Jagan's victory
The Federation of Small and Medium Enterprises of India (FSME India) on Thursday
Hyderabad: The Federation of Small and Medium Enterprises of India (FSME India) on Thursday hailed the stupendous victory of YSR Congress Party led by visionary leader Y S Jagan Mohan Reddy in Assembly and Parliamentary elections in Andhra Pradesh.
FSME India is of the firm belief that Jagan Mohan Reddy, as Chief Minister of Andhra Pradesh, will emulate his father late Y S Rajasekhara Reddy and transform Andhra Pradesh into a best state in India in terms of development and welfare.
APK Reddy, National President, FSME India, said: "MSME sector holds key to development of any state.
But previous TDP government neglected MSME sector. Impractical NPA norms also took a heavy toll on MSME units in AP.
As a result, large number of MSMEs are on deathbed in the State. I urge the new government led by Y S Jagan Mohan Reddy to initiate measures to revive sick MSMEs in AP on a war-footing".
FSME India also congratulated Prime Minister Narendra Modi for retaining power with higher majority and G Kishan Reddy for winning Secunderabad Lok Sabha seat.
