The Telangana government on Tuesday unveiled new industrial policy rolling out various investor-friendly measures, including single-window clearances within a month and proposing to set up a panel for the purpose, to woo investors.
Legislative Affairs Minister T Harish Rao introduced the Telangana State Industrial Project Approval and Self-Certification System Bill-2014 in the House on behalf of Chief Minister K Chandrasekhar Rao. The bill replaces the existing Andhra Pradesh Industrial Single Window Clearance Act-2002. The standard ‘single window’ nomenclature will also be replaced to bring about a distinct Telangana identity and ensure expeditious processing of licences, clearances and certificates required for setting up industrial units.
As the clearances will be given through a single window, industrialists need not run around various departments and, the clearances will be given by one agency. The system is being called the TS-iPass System and the panel that is going to be set up to implement the same will be headed by the Secretary of Industries. The government will constitute a SWIFT Board headed by the Chief Secretary to give clearances for mega projects.
Source: The New Indian Express