The Telangana government has introduced the Telangana-Industrial Project Approval and Self-Certification System (TG-iPASS) to streamline and promote industrial growth within the state. This initiative is designed to make Telangana a preferred investment destination by simplifying the process of obtaining necessary approvals and clearances for industrial projects.
Key Features of TG-iPASS:
Single-Point Clearance:
- TG-iPASS provides entrepreneurs with a single point of access to obtain all required clearances, making the process more efficient and less time-consuming.
Self-Certification:
- Entrepreneurs can submit self-certifications for their projects, which facilitates quicker processing and approval of industrial proposals.
Time-Bound Approvals:
- The system ensures that all clearances are granted within specified time limits, reducing delays that typically hinder project implementation.
- Mega projects receive automatic clearance upon submission of self-certification, expediting the approval process for large-scale industrial investments.
Accountability and Penalties:
- There is a penalty mechanism in place for officials who fail to grant clearances within the stipulated time frame, ensuring accountability and adherence to the system’s timelines.
TG-iPASS Achievements in 2023-24
- During the fiscal year 2023-24, the Telangana-Industrial Project Approval and Self-Certification System (TG-iPASS) facilitated significant industrial growth in the state. The system’s efficiency and effectiveness have been widely recognized, contributing to its reputation as a model for ease of doing business.
Key Achievements:
- Number of Units Approved: A total of 2,677 units were approved under TG-iPASS.
- Total Investment: These units brought in an investment of Rs. 28,126 crore.
- Employment Potential: The approved units have the potential to generate 84,929 jobs, significantly contributing to employment in the state.
Recognition:
- The TG-iPASS system has been highly praised nationwide for its role in streamlining industrial approvals and fostering a business-friendly environment.
- The Government of India has recognized TG-iPASS as one of the best practices under its Ease of Doing Business initiative, highlighting Telangana’s commitment to facilitating industrial growth and attracting investments.