Telangana CM all for single window clearance; consent in 15 days or penalty
Updated: Sep 30, 2014 04:44:38pm
Hyderabad, Sept 30 (KNN) The Telangana government is planning to bring in a “Right to Single Window Services” ordinance for investors, after which the concerned officials will be mandated to give clearances for industrial projects in 15 days, failing which they could face suspension and penalty.
Moreover, their increments and salaries will be cut and the amount thus collected will be paid to the respective investors as compensation for the delay.
Though Chief Minister K. Chandrasekhar Rao wants to bring the Act in the Legislative Assembly, it has been kept on hold due to delay in convening the Assembly session. To overcome this, the government is planning to take the ordinance route to ensure that the “investor-friendly norms” come into force at the earliest. Under the new system, the CM himself will handover nearly 30 approvals to investors, reports media.
Chief Minister K Chandrashekar Rao yesterday sought suggestions from the Confederation of Indian Industry (CII) on his government’s proposed new industrial policy.
Representatives of the CII, Telangana Industrialists’ Welfare Federation and the Federation of AP Chambers and Commerce and Industry called on the Chief Minister this afternoon at the Secretariat.
The Chief Minister explained to them that the policy would pave the way for the single widow system, zero corruption and non-interference of several departments in issuing permissions and licences among others, the media report said.
The industry representatives said that the policy should be system-driven and expressed the hope that the legislation would be among the best in the world. They, however, said they would come back with a few more suggestions.
Telangana government is planning to conduct a "Partnership Summit" by inviting industrialists from all the major countries and states in late-December or early-January. (KNN/SD)
Moreover, their increments and salaries will be cut and the amount thus collected will be paid to the respective investors as compensation for the delay.
Though Chief Minister K. Chandrasekhar Rao wants to bring the Act in the Legislative Assembly, it has been kept on hold due to delay in convening the Assembly session. To overcome this, the government is planning to take the ordinance route to ensure that the “investor-friendly norms” come into force at the earliest. Under the new system, the CM himself will handover nearly 30 approvals to investors, reports media.
Chief Minister K Chandrashekar Rao yesterday sought suggestions from the Confederation of Indian Industry (CII) on his government’s proposed new industrial policy.
Representatives of the CII, Telangana Industrialists’ Welfare Federation and the Federation of AP Chambers and Commerce and Industry called on the Chief Minister this afternoon at the Secretariat.
The Chief Minister explained to them that the policy would pave the way for the single widow system, zero corruption and non-interference of several departments in issuing permissions and licences among others, the media report said.
The industry representatives said that the policy should be system-driven and expressed the hope that the legislation would be among the best in the world. They, however, said they would come back with a few more suggestions.
Telangana government is planning to conduct a "Partnership Summit" by inviting industrialists from all the major countries and states in late-December or early-January. (KNN/SD)
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