Telangana News

With the intention of continuing the top spot in ease of doing business, Telangana government is now concentrating on bringing down the cost of doing business, with no compromise in the quality.

Regarding this, IT minister KTR said, "Our effort is to institutionalize the changes introduced over the last 10 months.” He further added that it was a combined effort of all the departments which brought Telangana to the first place. 

There were 66 meetings between 22 departments that led to the amendment of 26 laws and issuing 50 new GOs and 121 circulars to gain investors confidence. “During this period 19 portals were launched or updated and 113 new online services were added, including 22 in the labor department that cut down inspections and release of permissions in a stipulated period.”

Introducing TS iPass is one of the most appreciative efforts of the government. TS iPass included self certification and time bound release of permissions. Inspections by the Labor and Factories departments were brought down to just one inspection in 5 years from the earlier 30 inspections in five years.

While the annual inspections continue in 10% high risk industries, in other industries, the inspections were brought down to once in three years. Adding to it, renewals have been made online, cutting down human intervention and such investment-friendly measures are being appreciated across the country.

KTR further revealed that, Rs. 44,791 crores worth of investments were permitted of which 60% are operational, generating, 1.41 lakh direct employment and another 3 to 4 lakhs indirect employment.