Telangana government had proposed new industrial policy today in assembly. The ruling party tried its best to beat Andhra defined industrial policies in order to woo investors. In its new policy government tried to reduce the delay of approvals by taking strict measures.
As per the proposed policy all the approvals should be completed with in 15 days from the day it's submitted. Even the denial information or clarification should be revealed with specified time. If any case officials fails to get conclusion on the investment opportunity on the 16 th day the project assumed to have all the approvals automatically. The ruling party thinking this specific condition increases responsiveness from officials. TRS party claiming the policy as the best one having investor friendly rules and considering as first time in India's history to have such conditions.
As per the proposed policy all the approvals should be completed with in 15 days from the day it's submitted. Even the denial information or clarification should be revealed with specified time. If any case officials fails to get conclusion on the investment opportunity on the 16 th day the project assumed to have all the approvals automatically. The ruling party thinking this specific condition increases responsiveness from officials. TRS party claiming the policy as the best one having investor friendly rules and considering as first time in India's history to have such conditions.