Mekapati says stress is on supporting existing units besides attracting new investments; 10 thrust areas identified.
The State government, as part of its policy, is planning to set up industrial parks in 45,000 acres at various places in the State.
Meanwhile, the officials informed that focus is also being laid on supporting the existing industries, apart from attracting foreign investments.
Stating that the new policy would be in force for a period of three years, the Industries minister said it would ensure transparency in giving incentives to industries.
The investors will not need permission, clearance or licence for three years and the land will also be deemed converted for industrial purpose, says the new rule.
While assurances made to investors will be fulfilled by the state government, land, water, power and human resources will be provided to industries by the state.
As the chances of getting new industries are bleak with the outbreak of Covid-19, which changed the scenario, the government has decided to shift its focus on existing industries.