Telangana to launch industrial online approval system TS-iPASS
Updated: Jun 12, 2015 01:28:23pm
Hyderabad, Jun 12 (KNN) Telangana Chief Minister K Chandrasekhar Rao will launch the new industrial online approval system, Telangana State Industrial Project Approval and Self Certification System (TS-iPASS), today at Hitex.
State Industries minister Jupally Krishna Rao said, “TS-iPASS has been generating a lot of interest from investors in India and abroad ever since it was enacted in November last year. We were having trial runs of the new approval system since February to assess for ourselves how fast we can give approvals through an online, single window system in a hassle-free manner.
We have already received investment proposals worth Rs 11,000 crore during the trial run, of which proposals worth Rs 6,000 crore are cleared and grounded. This shows the huge response for TS-iPASS even before its formal launch.” He said though most applications received were for Micro, Small and Medium Enterprises, several mega projects of investments – of over Rs 300 crore each – are in the pipeline.
This is the first major industrial event in Hyderabad since the partnership summit of January 2012, incidentally held at the same venue during former Chief Minister Kiran Kumar Reddy’s regime in the undivided state.
HITEX will accommodate all kinds of exhibits including from small scale displays to heavy commercial exhibits and trade expos. It will feature business meetings, boardroom meetings and international conferences. (KNN Bureau)
State Industries minister Jupally Krishna Rao said, “TS-iPASS has been generating a lot of interest from investors in India and abroad ever since it was enacted in November last year. We were having trial runs of the new approval system since February to assess for ourselves how fast we can give approvals through an online, single window system in a hassle-free manner.
We have already received investment proposals worth Rs 11,000 crore during the trial run, of which proposals worth Rs 6,000 crore are cleared and grounded. This shows the huge response for TS-iPASS even before its formal launch.” He said though most applications received were for Micro, Small and Medium Enterprises, several mega projects of investments – of over Rs 300 crore each – are in the pipeline.
This is the first major industrial event in Hyderabad since the partnership summit of January 2012, incidentally held at the same venue during former Chief Minister Kiran Kumar Reddy’s regime in the undivided state.
HITEX will accommodate all kinds of exhibits including from small scale displays to heavy commercial exhibits and trade expos. It will feature business meetings, boardroom meetings and international conferences. (KNN Bureau)
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