Business

Investments are pouring into Telangana with many industrialists are coming forward to invest in the state on knowing its industrial policy which is hassle and corruption free. The state has a single window policy as it does not drive entrepreneurs to knock door of several departments for approval.

Chief Minister K Chandrashekhar Rao handed over phase-2 TS-IPASS letters of approval to 19 units (list enclosed). The units will come-up in Rangareddy, Mahaboobnagar, Medak and Warangal districts with a total investment of Rs. 1087.37 Crores and would provide employment for 5321 persons.

The units include among others Pharmaceutical formulations, manufacture of helicopter cabin kits, steel and iron alloy castings, footwear accessories and cell phones. One Spanish Company CHEMO which is a global Pharma company has also received approval letter today. CMDs, CEOs, Chairmen etc. of these units received approval letters from the Honourable Chief Minister.

While handing over approval letters the CM interacted with each and every recipient and enquired details of their units. CM also had a group photograph with all of them. He told them to get in touch with CMO chasing cell in-charge and additional principal secretary to CM Smt. Shanti Kumari if they encounter any problem.

It may be recalled that while releasing the Industrial Policy CM promised that all clearances to the investors will be given within 10 days of their applications. Accordingly phase-1 of the approval letters were given last month on 23rd and these are phase-2 approval letters.