KTR says to invest in Telangana

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KT Rama Rao the Minister for IT and Industries said Telangana is the only State to offer deemed approval to the investment proposals if the government did not respond in 15 days. “If the officials do not come back to you with a Yes or No within 15 days, on the 16th day the proposal will get a deemed approval he said.

He said that Telangana has all the qualities in ease of doing business and about 2 lakh crore investment has come to Telangana already.

This apart, there will be a fine of Rs 1,000 per day on the officials responsible for the delay,” he said, adding that the effort is to be responsive to the needs of the investors.

Rama Rao said the State brought the single window clearance system in 2015 to remove the entry barriers for the industries. Investors can start the work on the project from day one without any prior approvals.

The State relies on self-certification of the industries and is a key feature of the ease of doing business reform in the State. He said over 15,000 units have been approved in the last six years attracting Rs 2.2 lakh crore investments.

About 80 per cent of these have already become operational, resulting in the creation of about 15 lakh jobs, the Minister said.

The Minister lauded the efforts of Pokarna in creating local employment. KTR requested Pokarna Chairman Gautam Chand Jain, who has a successful business in the textile and fashion segments as well, to consider setting up a textile/garment unit in the surroundings to create local employment.

KTR said textile and allied units have the potential to provide large scale employment. The State Government will offer the training required to be recruited at the units, he said.