Hyderabad, November 27:
Chief Minister K Chandrashekar Rao on Thursday unveiled the much-talked new industrial policy for the Telangana State.
Introducing the Telangana State Industrial Project Approval And Self Certification System (TS- iPASS) Policy Framework for State of Telangana (2014) in the State Legislative Assembly, the Chief Minister described the new policy as first-of-kind in the country.
The policy promises a right to timely clearances (first time in the world), self-certification (first time in India) and for the first time, the time limits for clearances have been specified in the Act itself rather than in the rules. Again for the first time in the country, the policy assures 15 day clearance for mega projects and Penal provision if departments delay clearances.
A single Common Application Form has been prescribed and the applicant need not go to different departments. This will be done by the Nodal Officer, like the Singapore Economic Development Board (EDB). A Grievance Redressal mechanism will also be created.
However, the applicant would be liable for action if self-certification is false. There will minimum inspection and maximum facilitation, the Chief Minster said.
To address the pollution concerns, the industries have been classified in four categories - Green, Orange, Red 1 and Red 2. The industries only in Red-2 category would have to go to Government of India. Therefore, almost 90 per cent of applications will be within purview of State Government.
The new policy promises Zero graft and zero tolerance to corruption. It assures peaceful, secure and progressive business regulatory environment. The industrialization will be inclusive and facilitate social equality.
The State Government has identified 14 thrust areas. They are Life Sciences including biotechnology and pharma; IT Hardware including medical devices and communications; Aviation, aero-space and defence; Food processing and nutrition products; Automobiles, farm equipment and transport vehicles; Textiles, leather and apparel and related products; Plastics and polymers; Fast moving consumer goods (FMCG) and domestic appliances ; Engineering and capital goods; Gems and Jewellery; Waste management and Green technologies; Renewable energy and solar parks; Mineral and wood based industries and Transportation and logistics.
The new industrial policy offers attractive incentives to Small and Micro industries, Ancillary and vendor development linked to major industry, Special package for SC/ST/Women/PH, Direct loaning to SC/ST and PH, Marketing assistance to MSME sector, Program for traditional art and handicrafts and Plug and play infrastructure in industrial parks.
As much as 10 per cent water has been earmarked for industry. The State Government has also assured transparent and equitable land allotment in industrial parks. It also promises industrial housing as part of industrial park development. The industrial parks would be given the status of local body.
Skill development activities will be taken up in industrial parks in collaboration with the industry. There will be rationalization of taxes to encourage local industry and all obsolete laws that impact industrialization would be reviewed. The Industrial corridors and district industry parks will be established to encourage growth of industry across the State.
Through the new industrial policy, the State Government has set specific targets for 2014-15. They include New Pharma-City and Chemical City with well-developed infrastructure including waste management; Development of the Hyderabad Warangal Industrial Corridor; Development of Warangal as the textile hub of Telangana; Food Processing and Seed Production Initiatives; Exclusive Aero-space and defence policy; Mini-industrial townships along with industrial parks; Direct loan facilitation to Dalit entrepreneurs; Creation of a Venture Capital/Angel Fund; Inter-state VAT rationalization on industrial inputs and outputs and Review and Reform of all age old industry sector regulations, including labour laws.
Stating that Rs 1165.74 Crore have been earmarked for the Industries and Commerce Department this year, the Chief Minister said the amount was much higher compared to Rs 953.59 crore which was allocated for the department in combined state of Andhra Pradesh for the year 2013-14. “Previous Government had incentive arrears of Rs. 685 crores. Rs. 580 crores of this will be cleared in this year,” he said.
Promising Rs 832.74 Crore incentive in 2014-15, the Chief Minster assured that there would be no backlog of incentives for SC/ST entrepreneurs. The government has allocated Rs. 100 crores to TSIIC for infrastructure development. “First time ever such a huge budget support being given to TSIIC,” he said. (INN)
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Friday, November 28, 2014
KCR introduces Telangana’s new industrial policy
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