The state government is holding consultations with the stakeholders like apex bodies of MSME industrial associations to formulate the policy. The MSME industrial associations are asking for execution of the MoUs for the land allotment made earlier, as the entrepreneurs are ready to invest and develop industrial parks which in turn serve as ancillary units for major industries. There are five major MSME industrial associations in the state that are willing to take part in the development of industrial parks in AP, which are expected to contribute in a big way for its economic growth, employment generation and a host of other benefits. The proposed policy, it said, would encourage greater participation of industrial associations in developing the world class industrial parks, accelerate industrialisation, promote balanced regional development, attract huge investments and generate substantial employment opportunities in the state. President of the federation of small and medium enterprises APK Reddy said, “We welcome the proposed policy giving more thrust to the associations to set up industrial parks and it will serve as a game changer for industrial promotion, economic growth and employment generation in AP.