Revival policy soon for sick industries in Telangana

Telangana, June 6 (KNN) To bring sick industries of Telangana back to the state of good financial health, the state government will soon come out with a policy that will spell out the guidelines for reviving sick industries.

Jayesh Ranjan, Principal Secretary (Industries) said, “Our team has prepared the draft of revival policy. We have to review it and send to it the Chief Secretary.”

The policy in the making aims to help ailing industries come back to financial health, he said adding that the policy will be launched this year.

The State had already started the Telangana Industrial Health Clinic, the first State-sponsored non-banking financial institution for reviving SMEs.