I welcome all of you to the State of Telangana and invite you to become a partner in the progress of my State.
In my opinion, the process of expeditious clearance of applications and the incentives the State provides to the MSME sector are the foundation actions for the Industrial Policy. The TS-iPass (Telanganan State Industrial Project Approval and Self- Certification Syste), which goes well beyond conventional single window systems, will be the anchor to the Industrial Policy of Telangana State. To help the MSME sector, the T-IDEA (Telangana State Industrial Development and Entrepreneur Advancement) and T-Pride (Telangana State Program for Rapid Incubation of Dalit Entrepreneurs) Incentive Policies are being released along with the Industrial Policy Document.
History has shown that rapid economic development is made possible through industrialization, when industrialization is done following a planned approach. The first Chief Minister of the new State of Telangana, Sri K. Chandrasekhar Rao, due to whose dreams and struggles the State has come into being, has got a grand vision for bringing happiness and prosperity to each and every family in Telangana. Industrial growth is going to play a major role in the fulfillment of his vision. The first major policy brought out by our Government is the New Industrial Policy, which shows the seriousness the Government has towards this sector. The New Industrial Policy is truly revolutionary. No other state in the country has ever tried to bring in such radical features which we have brought. The fact that all political parties, Industry Associations and common people have unanimously supported this policy is a matter of great satisfaction.
The TS-iPass, clearance system which entails self-certification and automatic approvals is bound to create a positive environment in which a large number of industrialists and investors will prefer Telangana over any other state. Our Chief Minister’s concern for social justice and equitable development of all sections of the society is also well captured in the New Policy. We have provided many benefits to the SMEs which is likely to lead to resurgence of this sector. Special Benefits have also been lined up for entrepreneurs belonging to the SC, ST, BC, minority and women.
I welcome all industrialist friends to invest in Telangana and look forward to your feedback and suggestions on this policy.