HYDERABAD:The Telangana government is set to issue clearances to around 164 industries at the launch of its much-awaited single-window policy called the Telangana State Industrial Project Approval and Self-certification System Act (TSiPASS) on June 12.
Expected to be attended by some major industries, including RIL and the Tata Group, the launch is likely to set the stage for big deals between the State government and industrial houses. Jupally Krishna Rao, Telangana Industries Minister, said around 200 companies, including domestic and global, had been invited. On Friday, the government will also launch the website of TSiPASS, where companies can file online applications for clearances.
Said to be the first-of-its kind in India, the TSiPASS received impressive response from industries much before its official launch. So far, around 112 units have applied for 164 approvals after the State government announced its new industrial policy. Krishna Rao said these industries had agreed to invest around Rs 6000 crore in TS. Once established, they will also create around 21,000 jobs, he added.
Key features of TSiPASS
■ Approval based on self-certification
■ Processing all clearances within 30 days
■ Applicants get right to timely clearances
■ Clearances for mega industries within 15 days
■ Common application form for all types of industries
■ Tax concessions for industries
■ Zero tolerance for corruption
■ Provision of penalty if departments delay clearances
■ Nodal Officer on lines of Singapore Economic Development Board
■ Minimum inspection and maximum facilitation
■ Industries will be divided into four categories, green, orange, red 1 and red 2
■ Except red 2, rest will be cleared by State government.
Life sciences, biotechnology, pharmacy, IT hardware, medical devices, communications, aviation, aerospace, defence, food processing, nutrition products, automobiles, farm equipment, transport vehicles, textiles, leather and apparel, plastics, polymers, fast moving consumer goods (FMCG) etc