Centre gives approval for mega food park in Khammam

Centre gives approval for mega food park in Khammam
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The State government which recently unveiled TS-iPASS as part of its investor-friendly industrial policy has earmarked Rs 967 crore for the promotion of industries in 2016-17. The government said with statutory backing conferring the right to single window clearances in a time-bound manner, the new industrial policy has started yielding results. 

Hyderabad: The State government which recently unveiled TS-iPASS as part of its investor-friendly industrial policy has earmarked Rs 967 crore for the promotion of industries in 2016-17. The government said with statutory backing conferring the right to single window clearances in a time-bound manner, the new industrial policy has started yielding results.

Several MNCs as well as Indian companies, such as, Amazon, Micromax, Foxconn and ITC are setting up units in the State. “Since the launching of the new industrial policy, all clearance certificates have been issued to 1,609 units involving an investment of Rs 33,101 crore with an employment potential of 1,20,169,” said Finance Minister E Rajender.

Out of these, over 100 approvals relate to large and medium industrial units involving an investment of Rs 8,491.66 crore and employment potential of 34,479. Out of these, 32 units had already commenced their production and eight units are under trial production.

"Work on the New Pharma City and the Textile Hub at Warangal is on track. I am happy to inform the House that final approval has been received from the Centre for setting up of a mega food park in Khammam district. Proposals have been drawn up to set up three Aerospace parks.

Work on Phase-I of National Investment and Manufacturing Zone (NIMZ) at Medak is expected to commence in 2016-17. With uninterrupted power supply, the industrial sector in the state is poised for an impressive growth,” he said.

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