Governor ESL Narasimhan said Telangana State was witnessing an unprecedented flow of investments totaling to over Rs.54,000 crore through 3,451 units with an employment generation potential of 2.20 lakh persons.
Disclosing this while addressing the joint session of the State Legislature on Friday, the opening day of the budget session, the Governor pointed out that this was possible mainly because of the transparent, simple and graft-free system of industrial clearances ensured by the TRS Government.
The Governor observed that despite Telangana being the youngest state, it has secured the number one rank in ease of doing business. The government has unveiled TS-iPASS Act, the most investor friendly industrial policy with a statutory backing conferring right to clearance within 15 days through an innovative system popularly known as “single window without grills”.
Narasimhan went on to add that this has paved the way for the industrial growth of the state. Self-certification of the entrepreneurs is allowed where clearance is delayed, thereby ending “Licence Raj” of the past. In fact a leading mobile phone manufacturer had recently appreciated the government for the seamless system of clearances in the state without any scope for corruption or delay, he observed.(NSS)