Telangana govt has devised the new industrial policy of giving approvals through self-certification
Telangana State Industrial Infrastructure Corporation Ltd home page.
Hyderabad: Many non-serious investors and companies are trying to take undue advantage of the TS government’s online single window industrial approval system.
The new system, termed as TS-iPASS, enables investors to seek government approvals to set up industries through self-certification within two weeks in a single window system.
But during verification of the applications, it was found that many of those who had secured lands and incentives from governments in the undivided state earlier and had failed to execute the projects, are applying afresh under the new policy without disclosing their earlier details.
Officials are in the process of screening such investors and are rejecting them at the application stage itself. Most of the applicants are seeking land around Hyderabad, in Ranga Reddy, Medak, Nalgonda and Mahabubnagar.
“During scrutiny of applications, we have found that there were 15 applications seeking land and incentives in these districts, which had earlier failed to implement projects in undivided AP. The land allotted to these projects was even taken back. However, they have applied with different names now. Taking advantage of the self-certification, they had hidden crucial information. We doubted their credentials and verified independently, only to find that they were either fake or non-serious investors. Those were rejected at the application stage itself,” said an industries’ official.
With an aim of attracting large-scale investments, the Telangana state government has devised the new industrial policy of giving approvals through self-certification.
( Source : deccan chronicle )
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