Hotline: 1800 102 2007
X
Search Business Opportunities
2014-07-23

Telangana plans to outdo Singapore in terms of industry-friendly policies

Stabilising and expanding the existing industries in Hyderabad is the top priority of the Telangana government while setting up of new ones would rank next, state\\\'s Chief Minister K Chandrasekhar Rao has said.

Stabilising and expanding the existing industries in Hyderabad is the top priority of the Telangana government while setting up of new ones would rank next, state's Chief Minister K Chandrasekhar Rao has said.

 

At the same time, he also announced that a new law would be enacted to simplify the approval process for setting up new industrial units in the state.

 

"We will identify industries as a core sector to improve the state's economy and create jobs. We will put in place a single window system in real spirit to grant all requisite approvals for setting up industries and also ensure zero corruption in the process," he announced.

 

"The 'license raj' is not yet gone. You still require 25-36 clearances for setting up industries, which is very cumbersome. Securing environmental clearance is really painful. We will soon bring in legislation to eliminate all this," the Chief Minister told industrialists.

 

"Singapore has the best single window clearance system in the world. I promise and assure you that Telangana will have a better single window policy. I will myself invite investors in batches and receive their proposals.

 

"At the end of a specific period, they will be called for a second meeting and I will personally handover an envelope containing all clearances. The investors need not visit any other office," Rao said.

 

The Chief Minister said his government was drafting a "realistic" new industrial policy that would encompass some of the best international practices.

 

"There will not be any hype or cosmetic window-dressing.

 

Our industrial policy will be realistic as we are very ambitious. My only objective is to see that the Telangana state flourishes and the people are happy," he said.

 

Stating that power supply position in the state was "not good", he said plans were afoot to generate an additional 6,000 MW of electricity and make the state "power surplus" in the next three years.

 

"We intend to make Hyderabad a software and hardware hub for which dedicated power supply is critical. We will draw power from neighbouring Chhattisgarh through a dedicated line and ensure uninterrupted supply," the Chief Minister added.

 

Chief Secretary Rajiv Sharma, Special Chief Secretary (Industries) K Pradeep Chandra and other officials were also present at the interactive session.

Related opportunities
  • Gyms and Fitness Centres
     About Us: Plus Fitness is an award winning, Australian originated, leading..
    Locations looking for expansion Gujarat
    Establishment year 1996
    Franchising Launch Date 2009
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Art, Craft, Antique & Framing
    About: Shilpa Suneja Designs is a venture of Incandescent Papers Pvt...
    Locations looking for expansion Delhi
    Establishment year 1977
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Snacks / Namkeen shops
    About : • Established in the year 1992, National Chikki is..
    Locations looking for expansion Maharashtra
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Casual dine Restaurants
    About Us: “PASTOVILLA" aspires to expand its presence in the vegetarian..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts