Industry lauds TS industrial policy

New industry policy of Telangana State is a very special one for the industry and stands in line with the Government of India’s ‘Make in India’ policy, says Rajesh Agarwal, Co-Founder, Micromax Informatics Ltd

By Sai Nikesh D

Various industry experts on Friday, opined that Telangana State Industrial Policy stands in line with the Government of India’s ‘Make in India’ initiative, as the State government unveiled its Industrial Policy 2015 in the presence of State government officials, experts, bureaucrats, officials of Indian industry, among others.

The experts lauded the State government’s efforts towards easing business environment since its inception and termed ‘Telangana State Industrial Project Approval and Self-certification System (TSIPASS)’ as an industry-friendly one.

Rajesh Agarwal, Co-Founder, Micromax Informatics Ltd, said, “New industry policy of Telangana State is a very special one for the industry and stands in line with the Government of India’s ‘Make in India’ policy.”

Expressing his willingness over business expansion in the new State, Rajesh Agarwal informed that ‘Micromax Informatics Ltd will be setting up its second manufacturing unit (after the one in Gurgaon) in Telangana State and the process would begin in four months.’

Replying to a query on ‘competition that Micromax is facing from international mobile brands, Rajesh Agarwal said, “Micromax is looking at a linear growth in future. The company already has its mark in SAARC countries and has got a decent market in Russia. Domestically, the brand is witnessing 3 million sales per month.”

Meanwhile, Vanitha Datla, Chairperson, CII Telangana (Interim Council) & Executive Director & CFO, Elico Ltd, termed the Telangana State Industrial Policy 2015 as an unique one and exuded confidence that it offers great advantages for industries.

Vanitha Datla further informed that CII-Telangana has been making efforts in promoting the newly-formed State all the way and has also conducted many road shows abroad in countries like Dubai, Hong Kong, among others, to attract foreign investors to the State.

Noting that ITC’s paper mill in Bhadrachalam, Telangana, accounts for 5000 tonnes/annum production and expressing willingness to further ITC’s activities in the State, Y C Deveshwar, Chairman of ITC Limited, assured the State government of investing Rs 8000 crore in Telangana. He announced that the company will set up a food processing unit with an investment of Rs 800 crore and a ITC grand hotel in Cyber City with an investment of Rs 1000 crore.

The State’s industrial policy read that it intends to make the Telangana State an ideal destination for industry and investments by enabling minimum inspection & maximum facilitation system, offering effective incentive packages and creating sector-specific hubs, among others.

Through TSIPASS website, the State government puts in place an online filing mechanism, common application system in order to ease applying procedures for the coming-in industries.

Under its Solar Policy, the State government offers immediate support for solar power projects through single window clearances, exemptions from land ceiling act, among others.

Expressing satisfaction over response for the State’s Industrial Policy 2015, the Chief Minister of State, K Chandrasekhar Rao, assured industries of providing a 100% graft-free business-friendly environment and ensured that all the proposals regarding land and resource allocation, among others for setting up of industries, would be cleared within 12 days from the date of applying.

K T Rama Rao, IT & Panchayat Raj Minister, Jupally Krishna Rao, Minister for Industries, Jagadish Reddy, Energy Minister, Government of Telangana, Rajiv Sharma, Chief Secretary of Telangana State, were among key officials present at the event.

This article was published in The Dollar Business on June 12, 2015

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