Telangana Chief Minister K Chandrasekhar Rao on Tuesday went all out to woo the industrialists from the State by declaring that the State had 3,00,000 acres land available for setting up industries. He said that through the single window system, any new proposal for setting up industries will be cleared in maximums 21 days.
Participating in a meeting with the Telangana industrialists in Hyderabad on Tuesday, to elicit the suggestions and views on the proposed industrial policy of the State, KCR made many promises including uninterrupted power supply with in a year while seeking new investments.
“You would face the electricity shortage problem only for one more year. After that it will become a thing of past”, he said adding that the State will increase it power generation capacity by 2000 MW. He also announced that Telangana will have its own electricity regulatory commission.
Similarly he said ten percent of available water would also be allocated to the industrial sector.KCR said that his government was studying the tax concessions offered by the other states to make Telangana more attractive for the investments and setting up industries. Chief Minister announced writing off the Rs 50 crore penalty on the ginning and cotton mills in the state.
Referring to the ambitious IT Investment Region around Hyderabad, already cleared by the Center, the Chief Minister said that to make city ready for the project, a new Master Plan was being planned. It will also include a regional Ring Road linking many important towns in the outskirts of Hyderabad including Bhongir in Nalgonda and Jadcharla in Mahbubnagar districts. "ITIR will provide ample opportunities for the meritorious local people", he added.
Along with software, the government will also develop the hardware industry in Hyderabad, KCR said.The new industrial policy will have full transparency and it will help in generating employment and economic growth of the state, he added. "except one or two, all the clearances will be accorded on a single day".