Telangana starts faster approval system for industries

Chief minster K Chandrasekhar Rao on Tuesday handed over approvals to 17 companies regarding their investment proposals in the state

Telangana chief minster K Chandrashekhara Rao today handed over approvals to 17 companies regarding their investment proposals in the state.

These approvals  were obtained for the companies under ‘TS-iPASS, the single-window clearance system recently introduced by the government. The government promises to issue clearances for setting up new units or for expanding the existing operations just in two weeks.

Total investment involved in these proposals was Rs 1,501.42 crore, according to the chief minister’s office.

These include approvals for nine new units with a major investment being the food processing project proposed at an investment of Rs 774 crore by ITC Limited . Other proposals pertain to power generation and dairy among other sectors.

The remaining eight proposals pertain to the expansion plans with the investment size ranging from Rs 25 crore to Rs 80 crore.