Telangana Industrial Policy 2015

Sakshi Education

Telangana Government released its new industrial policy for the year of 2015 on 12th June. Chief Minister K Chandrasekhara Rao presented the important features of the policy to industrialists. This new industrial policy mainly concentrated on quick, time-bound and transparent permissions to project proposals.

Highlights

In order to set up industries, industrialists are accorded with Right to timely clearances from the state government.
Clearances will be given in 2 weeks for mega projects.
Self Certification System (TSiPASS) Act, 2014.

The iPASS would have State level and district level committees to ensure smooth process in processing the applications and according permission.
A single window clearance system will be established.
Entrepreneurs need to fill only a single common online application form. Common Application Form that captures requirements from different government departments.
Industries categorized as Green (non hazardous), Orange (less hazardous) and Red (more hazardous) will be accorded approval within 15 days, 21 days and 30 days respectively.
Fifteen sectors were identified as focus areas including Life Sciences, Automobiles, Gems and Jewellery and IT & Hardware.
All the industries will be given power supply round the clock.
A Chasing cell will be set up in the Chief Ministers Office (CMO).
A nodal officer will be appointed to oversee matters related to industrial approval and establishment under the policy.
Penal actions against officials if failed to give permissions in time.
10% water reserved for industries from all irrigation sources.
A land bank with 1.50 lakhs created for allotment to industries.