Industrial Policy Review Of Bangaru Telangana

Industrial Policy Review
Industrialization will be the key strategy followed for economic growth and development of Telangana state. The vision for industrialization of Telangana is “Research to Innovation; Innovation to Industry; Industry to Prosperity”.

The industrial policy framework recently approved by the Telangana Legislate is intended to be driven by the slogan – “In Telangana—Innovate, Incubate, Incorporate”. The policy framework intends to provide a business regulatory environment where doing business would be as easy as shaking hands. Innovation and technology will drive the industries of the Telangana State.

The Government of Telangana State realizes that industrial development requires large-scale private sector participation, with the government playing the role of a facilitator and a catalyst. The government is committed to provide a graft-free, hassle free environment in which the entrepreneurial spirit of local, domestic and international investors will thrive, and they’ll set up industrial units in the state of Telangana – their preferred investment destination.

The new Industrial Policy will be the instrument through which the vision of the Telangana State Government will be translated into action. The new Telangana State Industrial Policy will strive to provide a framework which will not only stabilize and make existing industries more competitive, but also attract and realize new international and national investments in the industrial sector.

The focus will be on core manufacturing sectors, with the creation of employment for urban and rural youth and adding value to existing skills emphasised at all stages. It is expected that the most significant outcome of this approach will be the production of high quality goods at the most competitive price, which establishes “Made in Telangana- Made in India” as a brand with high global recognition.

The cornerstone of the policy would be zero graft and zero tolerance to corruption. The decision-making in all the Telangana State Departments will be transparent and the departmental heads will be held responsible for all acts of omission and commission by departmental staff. An online and help-desk grievance redressal system will be put in place where the entrepreneur will be encouraged to report instances of corruption or any delays in performing timely tasks by the Telangana State Government departments. Timely and strict disciplinary action will be taken against those employees who violate the parameters of the Industrial Policy Framework.

The Government of Telangana State is determined to create an ecosystem in which the ease of doing business in the state matches and even exceeds the best global standards. Telangana State Government is aware that offering a hassle-free system is considered to be of the highest priority by the industrialists, and accordingly the government will implement a very effective industrial clearance system that will go beyond the traditional single window system.

This system, called the Telangana State Industrial Project Approval and Self-certification System (TS-iPASS), will be strengthened by way of legislation. A Right to Single Window Clearance, on the lines of the Right to Information, will be bestowed for all applicants. Penal action will be imposed on the concerned officers who delay the applications.

This will be at three levels—one for Mega Projects, one for other Large Industries, and one for SMEs. The State Government will bring out a comprehensive legislation enshrining the above principles for according permissions and clearances for both Mega Projects as well as industrial applications in other categories.

Telangana State New Industrial Policy Framework

The State considers industrial growth as a means to mitigate poverty and unemployment. Industrial development promotes higher capital formation; raises wage incomes to higher levels; and absorbs surplus workforce, bottled up in rural areas, to industry.

To realize these benefits and hasten up the socio-economic changes, industrial development has been accorded as top priority by the State government. The Telangana State Industrial policy has identified the following thrust sectors for Industrial Development which are: The Telangana State Government has conducted detailed studies and consulted experts to identify the competitive advantages the State can have, given its geographical location, available resources and skill-base, raw material availability, existing manufacturing practices, and expertise... opening up new opportunities.

Accordingly, the Telangana State Government recognizes the 14 sectors as thrust areas; investments in which will be accorded a higher priority over others as they have high potential for export growth.
Other Policies & Schemes

Life Sciences Policy:

Framework of the new Policy is to achieve the following objectives; the Policy will utilize nine specific policy instruments directly impacting the life sciences sector: Keeping in view this, the Government of Telangana wishes to promote this sector through a comprehensive policy covering the entire range of Life Sciences including biotechnology, pharma, nutraceuticals and medical devices. The present policy has the following objectives:

1. 1. Enhancing the competitiveness of the sector through appropriate policy to make Telangana the most preferred destination for life science activities,
2. 2. Attracting new investments worth Rupees 20,000 crore (approximately USD 3 billion) in the sector by 2020,
3. 3. The state proposes to capture 20 percent share of the $100 billion market opportunity of India by 2025 with $13.5 billion share by 2020,
4. 4. Exports target of Rupees 50,000 crore by 2020,
5. 5. Creating an additional employment opportunity for 50,000 skilled personnel in the sector
6. 6. Promoting applied R&D and innovation through bridging the gap between industry, academia, and R&D institutions
7. 7. Promotion and strengthening of quality infrastructure

Incentives& Concessions:
In order to promote the state in terms of Economic Growth, the Government of Telangana has offered various incentives/benefits to all new eligible industrial Enterprises set up in the State under its T-IDEA (Telangana State Industrial Development and Entrepreneur Advancement) incentive scheme2014which would include the following growth enabling Incentives:
• Stamp duty reimbursement
• Land cost rebate
• Land conversion cost
• Power cost reimbursement
• Investment subsidy
• VAT reimbursement
• Interest subsidy
• Seed capital for 1st generation entrepreneur
• Training and skill development
• cost reimbursement
• Quality/patent support
• Clean production measures
• Reimbursement of infrastructure development costs