1. Home
  2.  |  
  3. State Current Affairs  |  

Telangana Assembly passed TS-iPASS Bill 2014

Nov 28, 2014 16:59 IST

The Telangana Assembly on 27 November 2014 unanimously passed Telangana State Industrial Project Approval and Self Certification System (TS-iPASS) bill 2014 for timely clearances to industrial units proposed to be set up in the new State.

By passing the new industrial policy bill, the assembly repealed the existing Andhra Pradesh State Industrial Single Window Clearance Act of 2002.


Provisions of the TS-iPASS Bill 2014

• The Bill is aimed at speeding up processing for issue of various licences, clearances and certificates required by industries. The bill seeks to provide an investor-friendly environment in the State.
• The Bill also seeks to create a Telangana state-wide Investment Facilitation Board (T-SWIFT) to be chaired by the chief secretary to deal with clearances for mega projects.
• District-level committees will clear projects other than mega projects under a similar system.
• The T-SWIFT Board will pursue clearances with departments through the nodal officer and the approvals arranged through the T-SWIFT Board would be final and binding on the departments.
• The government also introduced a provision of Right To Clearances under TS-iPASS to enable the applicant to know the reasons for the delay besides imposing penalties on the designated officers of the competent authority.
• The bill mandates State committee with industries secretary as chairman to issue all the clearances required to set up an industry within 30 days at a single-point clearance system.
• As per the bill, mega project should have an investment of over 200 crore rupees and should employ more than 1000 people.

Industrial Policy 2014
• The policy aims to achieve a growth rate of 4-5 percent higher than the national growth rate in the manufacturing sector.
• Innovate, invest and incorporate in Telangana is the hallmark of the policy.
• The policy identified 14 thrust areas including aviation, IT hardware, life sciences, pharma, automobiles, textiles, renewable energy and engineering and capital goods.
• Six industrial corridors, industrial parks, mini-industrial townships and a pharma city and a chemical city are among the initiatives proposed in the policy.
• The policy also stated that an industrial land bank of about 20 lakh acres will be developed and transferred to the Telangana State Industrial Infrastructure Corporation (TSIIC) which will set up core sector specific industrial parks.

Is this article important for exams ? Yes44 People Agreed
Read more Current Affairs on: Telangana Assembly , Industrial Bill passed , TS-iPASS

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK