In a bid to revive sick industrial units, the Telangana government plans to start industrial health clinics in November. These will help sick industries, particularly in the micro, small and medium enterprises space, getrelief from banks and financial institutions to revive their units.

The State government has sought the help of the Reserve Bank of India and the Union Government to implement the scheme.

“We are scouting for investments from across the globe. But it is also important to revive the sick units. We are coming out with a scheme to address this. The clinics will be started in November,” Telangana Minister for Industries and Information Technology KT Rama Rao said.

Meet with RBI chief Addressing a CII seminar Man’exe 2016 (manufacturing excellence) here on Wednesday, he said he had requested the RBI to look into the issue. “The problem is not restricted to one or two states. A solution will help several states in tackling the challenge,” he said.

“I met RBI Governor Raghuram Rajan and explained the idea to him. I requested him to support the idea by considering financial help to sick units under priority sector disbursals,” he said.

The State government will convene a special meeting of SLBC (State-level Bankers’ committee) to discuss the issue and device a plan to rehabilitate the sick units.

Inspectors as facilitators Stating that a plethora of inspections by various government departments is affecting industrial and business entities, the minister said the State will reduce the visits significantly.

“Government officials from various departments go for inspections every now and then. They say a business entity will witness 30 inspections in a span of five years. We are planning to make it just one every year, reducing the hassle,” he said.

A joint inspection team would be formed to complete the visit as quickly as possible. The inspectors would be called facilitators as the State encouraged self-certification by businesses.

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