Monday, June 24, 2024
    HomeHyderabadPolicy TSiPASS in Hyderabad deemed unsuccessful

    Policy TSiPASS in Hyderabad deemed unsuccessful

    Related stories

    BRS to File Lawsuit in Supreme Court Over MLAs Changing Party Affiliation

    The Bharata Rashtra Samithi Party (BRS) is going to...

    Vaddiraju Ravi Chandra named Deputy Parliamentary Leader for BRS

    Rajya Sabha Member Vaddiraju Ravichandra was chosen as the...

    Youth Congress workers protest at BJP office, call for NEET cancellation

    Telangana Youth Congress workers protested outside the BJP State...

    Jagadish Reddy accuses Cabinet panel of deceiving farmers

    G Jagadish Reddy, a senior leader of BRS, criticized...

    The TSiPASS industrial policy in Telangana, introduced by the previous government, promised big benefits to investors but did not deliver. The government owed a total of Rs 3736 crore in incentives to investors who had set up manufacturing units under the policy since 2014. Most of this amount, Rs 3007 crore, was owed to the MSME sector. Additionally, cheques worth Rs 684 crore given to investors in 2023-2024 had expired.

    The current Congress government is investigating why these incentives were not released to investors. There are concerns about whether the previous government showed bias in giving out incentives. The present government has identified flaws in the TSiPASS policy, which may have hindered the state from attracting the investments it needed.

    - Advertisement -
    Also read:  Police in Cyberabad collaborate with IT firms to address traffic congestion.

    Despite attracting investments worth Rs 3.30 lakh crore under TSiPASS, the state is still evaluating the impact of these investments. The self-certification system and single-window clearance for setting up industries did not receive enough attention due to involvement from top BRS leaders, causing some investors to hold back. About 30 lakh jobs were created under the previous government’s industrial policy.

    The state government is now working on a new industrial policy to boost manufacturing and attract global investments. This policy will be announced soon, along with a report on the implementation of TSiPASS. This report will help investors understand the differences between the two policies and choose the best option for them.

    Also read:  Muthoot Exim opens second gold point centre in Hyderabad
    - Advertisement -

    Follow us


    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at

    Latest stories


    Please enter your comment!
    Please enter your name here