A Supportive Government

Telangana Government is contented to assist any investments from the foreign investors. If the top firms are ready to invest in Telangana and conduct business, they have all the support from the Telangana State Government. In May 2017, Telangana was ranked third in receiving industrial investment proposals as per the available data from the Ministry of Commerce and Industry. K.T. Rama Rao, Minister for Industries, said: After the launch of TS-iPASS in June 2015, investments in Telangana have augmented. Now we have an online approval policy without any grills, in which approvals are accorded inside 15 days of time from the date of submission of application in a graft-free manner. It is to be noted that the investment proposals have more than doubled from 2015 to 2016 and it’s a great sign moving forward.

The Telangana Government has enacted the “Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS) Act, 2014” (Act No.3 of 2014) for speedy processing of applications for issue of various clearances required for setting up of industries at a single point based on the self-certificate provided by the entrepreneur and also to create investor friendly environment in the State of Telangana.

The Salient features of the TS-iPASS are:

All departments connected for establishing and operation of an Enterprise brought under purview of TS-iPASS.
Time Limits set for each approval varying from 1 day to a maximum of 30 days depending upon on the complexity of the approval.
Pre-Scrutiny of the applications at State Level and District Level to assist the entrepreneurs in a proper submission of applications and to avoid delay in processing the files by the departments.
Making mandatory for the Competent Authorities to seek shortfall/additional information required, if any, only once, within three days from receipt of the application.
Empowering the Entrepreneurs with Right to clearances under TS-iPASS, to know the reasons for delay if any in getting the clearance within time limits and penalizing the officers responsible for the delay.

To know more about the TS-Ipass, Click Here