Ts-i 5b6r48

TS-i R MAHENDHAR REDDY

TS-i  The Telangana Government has enacted the “Telangana State Industrial Project Approval and Self-Certification System (TS-i) 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-i

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Approval based on self-certification Processing all clearances within 30 days Applicants get right to timely clearances Clearances for mega industries within 15 days Common application form for all types of industries Tax concessions for industries Zero tolerance for corruption

The Salient features of the TS-i

 Provision of penalty if departments delay clearances  Nodal Officer on lines of Singapore Economic Development Board  Minimum inspection and maximum facilitation  Pollution Clearances  Industries will be divided into four categories, green, orange, red 1 and red 2  Except red 2, rest will be cleared by State government.

Policy framework

 Secure, progressive business regulatory environment  Inclusive industrialization with social equality  Rs. 100 crore to TSIIC for infrastructure development

TS i Key Sectors

 Life sciences, biotechnology, pharmacy, IT hardware, medical devices, communications, aviation, aerospace, defence, food processing, nutrition products, automobiles, farm equipment, transport vehicles, textiles, leather and apparel, plastics, polymers, fast moving consumer goods (FMCG) etc

TS-i puts Telangana in top league

CONCLUSION  The new Industrial Policy brought out by the Government of Telangana promises to revolutionize the way industrial sector has been viewed by successive governments in this country. A day is not far when the new Industrial Policy of Telangana will shine as an exemplar among the best in the world. “Innovate in Telangana, Invest in Telangana, Incorporate in Telangana” will become the motto of industrialization in the new state. It is strongly believed that with the new Industrial Policy in place, a growth rate of 4-5% greater than the national growth rate in the Manufacturing Sector can be achieved.

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