Telangana to continue support to industries...

Hyderabad: Telangana State will continue to purchase power from external sources for a year or so to ensure uninterrupted supply to the industry even as the State is upping its own generation capacity, said Industries Principal Secretary Jayesh Ranjan. Addressing a meeting of the industrialists at the Ficci National Committee meeting on Wednesday in Hyderabad, he said the State has ensured that the industry thrives by assuring continuous supply. “Telangana is new State. There were naysayers who literally, figuratively and as a metaphor said that Telangana will be a dark State. They have all been proved wrong,” he said..

The industry representatives wanted to know what Telangana’s plan of action was to attract investments and foster industrialization.

The State is rated top in ease of doing business. The State is the first and only State to allow civil construction of an industry without the need to seek any permission. This rigour, in other States, takes about nine months. This way, industries coming to Telangana will be able to set up faster and also save on the interest outgo. However, it seeks a self-certification from the industries of following the rule of the land.

The industrial policy, TSiPASS, guarantees that applications will be attended to in 15 days failing which the permission is deemed to be given. It has processed about 8,500 applications. However, there have been seven cases of default. Officials responsible for the delay have seen their salaries cut by the corresponding days of delay, he said.

Telangana has an industrial land bank of 1.5 lakh acre and the focus is on pharma, textile, food processing, logistics, aerospace, bulk drugs, life sciences and others. The support to industries in the form of tax incentives, concessions, rebates and power tariff is comparable with the eight to ten progressive States in the country, he said.

Works are happening at the proposed Pharma City, which will be an investment magnet.

The Government is setting up an exclusive industrial cluster for MSMEs in about 375 acre. It will adopt green manufacturing practices. A plastic cluster is also taking shape in about 100 acre, he said..

Sources : Telangana Today