TITA welcome new Industrial Policy TS iPASS: Telangana Information Technology Association (TITA) rejoicing with the launch of Telangana State Industrial Project Approval and Self-Certification (TS iPASS) system which focuses on time bound approvals for setting up projects in Telangana State.
TITA welcome new Industrial Policy TS iPASS
TITA Corporate Wing, which consists of 46 registered IT firms from Telangana State and on the monthly meeting which was held on 16th June 2015, had an exclusive meeting on the repealed Industrial Policy TS iPASS.
“The policy, which focuses on minimum inspection and maximum facilitation for the industry, is a welcome step. As per the Policy norms, even the Mega Industrial Projects, worth of investment 200 crore or 1000 employees, gets clearance within 15 days.
At the heart of the policy is TS-iPASS (Telangana State Industrial Project Approval and Self-certification System) that calls for penal action against officials for delaying the process of applications. Government is going to penalize officials 1,000 Rupees a day for delays.
This is the major point where IT Major Companies will be interested to look into our Telangana State. Already we know that, major IT Companies like Microsoft, Google, Amazon etc, are planning for biggest campus in Hyderabad. Likewise, even many other IT Companies are going to invest in Telangana State.
Telangana State IT Exports in the year 2014-15 are 66,000 crores. With TS-iPASS, IT Minister Mr. K.T. Rama Rao aim to double the IT Exports in the coming 5 years becomes much easier.” said TITA Founder & President Sundeep Kumar Makthala.
“Telangana new industrial policy framework is providing a new direction to the government to attract investments to the state. The Policy was designed for the benefit of business leaders, and made an ease for approvals to all the Mega, large, medium, and small Projects within 15 days from the date of application.
As the government has created a bank of 1.5 lakh acres of land which can be used for industrial purposes and transferred it to the Telangana State Industrial Infrastructure Corporation, the members of TITA Corporate wing is delighted and started to explore their projections.” said TITA Corporate-wing Chair Vishnu Murthy Kalagony.
“We shared the Moments of Happiness for the best norms available for business leaders. In this month, as per the productive rate, more 14 IT Firms registered with TITA – Corporate Wing. After the TG formation Celebrations, the new industrial policy with quick approval process mechanism is like a gift to the business leaders from Telangana Government.
Undoubtedly, in the near future, Telangana will be ranked as number one position worldwide in business exports.” said TITA Corporate-wing Vice Chair Naresh Ragi.
TITA Corporate wing members Vishnu Murthy Kalagony CEO-Visu Technologies, Glanso Technologies CEO Naresh Ragi, Prism Technologies CEO Srinivas Goud, MNR Groups Chairman Nagaraj Marayala, Vishwak Lakkireddy from Derron IT, Venkata Vanam from Vividha IT Solutions, SRD Systemes CEO G.Sunil Reddy, Sukra Infotech CEO Praveen, Gnanakar Reddy, Sunil Chenoy and others participated in the meeting.
Source: The Hans India