TS-iPASS had become an international role model

Hyderabad, June 13: As we all knew that, The Telangana Government has enacted the "Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS) for speedy processing of applications for issue of various clearances.

Noting that entrepreneurs were the biggest brand ambassadors, Telangana IT Minister K.T.Rama Rao attributed the progress to the investor and industries-friendly TS-iPASS policy of the State government.

Stating that TS-iPASS had become an international role model, Principal Secretary to the Department Jayesh Ranjan said textiles, food processing, automotive and chemicals would be the focus areas in the next 2-3 years.

On the upcoming major projects, the Minister counted the Pharma City, on the outskirts of Hyderabad, as part of whose first phase 8,200 acres were to be developed.



KTR also added that, In the two years since the industrial policy was launched, a total of 3,820 proposals entailing an investment of 73,000 crores had been received with a potential to create 2.46 lakh jobs.

Over 50% of the projects approved had got into commercial production, he said. The policy emphasis on self-certification, time-bound approvals, penalizing officials delaying the clearance process as well as an approach to minimum inspection and maximum facilitation had earned it acclaim globally. The State was also ranked first in the Ease of Doing Business 2016 rankings.