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Those who plan to invest in Telangana will stand a chance to get treated almost as state guests with protocol officers waiting on them!
And they will also be rolled out a red carpet by Chief Minster K Chandrasekhar Rao who would handhold them from the day one to application for clearance only to personally handover permission letter in gift pack – all this in just 15 days.
``There will be zero corruption and strict timelines for clearing proposals from the industry in 15 days in our new industrial policy which will be unveiled very soon,’’ the Chief Minister said while speaking after laying the foundation stone for Rs 460 crore insulin manufacturing plant of Shantha Biotechnics here on Thursday.
The industrial policy will have some firsts to its credit, according to Rao. All the applications will be made available on the web to facilitate on-line filing for approvals and eliminate human interface.
``The Chief Minister’s office will personally invite all entrepreneurs who wish to invest in state and I will meet them in batches to know their keenness and our commitment. They will be received in Shashabad airport by our protocol officers to be brought directly to my office,’’ he said. About 98 per cent of the approvals will be in the self-certification mode for speedy clearance.
Once the approval is given, they will again be invited by Rao to handover approval letter in a `gift pack’ after a high tea.
DEEMED APPROVAL
Another interesting feature of the new policy is deemed approval which will be governed by an act. If any investor failed to get response from the Government his application would be deemed to have been cleared and he/she could go ahead with the business plan.
``The industry people need not to do any running around. We do that and actually our special chief secretary, industries will do it for you,’’ Rao said.
When asked on the response, a noted industrialist said two new states of Andhra Pradesh and Telangana were now locked in an all-out race to lure investors.
``While Andhra Pradesh Chief Minister N Chandrababu Naidu going around the globe to woo foreign investors, Chandrasekhar Rao also playing his cards deftly by his proposed policy,’’ he said.
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