In tune with the policy of the state government to give permission to industries within 15 days after receiving the applications, chief minister K Chandrasekhar Rao handed over permit letters to 17 industries at the Secretariat on Tuesday. The permits were given in a record time of 12 days.
The 17 industries given permission under the state government’s new industrial policy- will invest `1,501.42 crore and provide employment to 3,317 persons.
Of the 17 industries, the ITC Ltd would invest `774 crore and employ 1,380 persons in a food processing industry to be set up in Medak district. This was followed by Bahavan Solar, which will set up a power generation plant in Mahbubnagar with an investment of `67.5 crore.
Of the 17 industries, 9 industries were new units and the remaining eight units were going for expansion.
Speaking to reporters, industries minister Jupally Krishna Rao said the state government kept its promise and granted permission within a record time of 12 days after the launch of TS-iPASS. He said it used to take six months in the past for the industrialists to obtain permission from the pollution control board. But, all the permissions to 17 industries were given in a record time now.
Krishna Rao said the politics over Hyderabad would not come in the way of investing in Hyderabad. The situation in Hyderabad was very congenial to attract new investments, he said.
Source: The New Indian Express