Hyderabad: TS gets 1.73 L-cr investments in 5 yrs
In the past five years, TS-iPass has succeeded in bringing investments of Rs 1.73 lakh crores to Telangana, which will create employment opportunities of up to 13.02 lakh, the IT & Industries Minister K T Rama Rao said.
Hyderabad: In the past five years, TS-iPass has succeeded in bringing investments of Rs 1.73 lakh crores to Telangana, which will create employment opportunities of up to 13.02 lakh, the IT & Industries Minister K T Rama Rao said.
At the 5th anniversary of TS-iPass (Telangana State Industrial Project Approval and Self Certification System) in Hyderabad on Wednesday, K T Rama Rao stressed on the importance of bringing in new reforms. "We are committed to industrialisation in Telangana. With the support and guidance of investors of this State, we will continue to bring in new reforms which will reduce corruption, improve ease of doing business and will lower the cost of doing business here," he said.
On the amount of land acquired by the government for developing industrialisation in the State, he said, "While the Andhra Pradesh Industrial Infrastructure Corporation had acquired 30,000 acre of land, the TS government has 1.5 lakh acre of land bank. But, we make sure that only serious industrialists get to function in the State, hence, 1,200 acre of land has been taken back from the non-serious industrialists."
Since inception of TS-iPass, 11,620 industries have received clearance and approval to set up their manufacturing units in Telangana, out of which over 8,307 enterprises have commenced operations in five years. The total number of industries that have gained approval, brought in investments of Rs 1.73 lakh crore. They have the potential to generate 13.02 lakh jobs. However, the industries that have commenced operations have created over 6 lakh jobs, till date.
"TS-iPass Act 2014, was brought into existence in the Telangana State Legislative Assembly on December 4, 2014. This single window provides approval from 27 departments and 35 services clearance. TS-iPass has a 73 per cent rate of clearance and approval. The other enterprises are in various stages of implementation," said Ahmad Nadeem, Commissioner of Industries, government of TS.