Telangana has attracted investments worth ₹73,000 crore after it introduced the new industrial policy in 2015. The TS-iPASS helped create 2.46 lakh jobs.

The Telangana State Industrial Project Approval and Self- Certification System (TS-iPASS) mandates the officials to give clearances to proposals to establish industries within a stipulated time.

“The new investments include from the public sector agencies like Telangana Genco. But those proposals too were cleared through the TS-iPASS,” Telangana Minister for Industries, Commerce and IT, said.Addressing a press conference here on Monday after releasing the Annual Performance Report of the Department of Industries and Commerce, he said 3,828 proposals were cleared so far. The mandates clearance of proposals for mega industries within 15 days and others in 30 days with self certification and deemed clearnce facilities.

The State government is considering special incentives for companies that come forward to set up units in the hinterland. He said the State witnessed a growth rate of 10.10 per cent in Gross State Domestic Product (GSDP) as against the national average of 7.1 per cent.Stating that the State could dispel fears of uncertainty and doubts after the formation of the State, he said the State could emerge as a leader in the country in the Ease of Doing Business (EoDB).

A 20-lakh sq ft incubation and laboratory space is coming up at the Genome Valley in association with the IKP Knowledge Park. A 250-acre Medical Devices Park would come up at Sultanpur near Hyderabad later this month. “We are going to sign agreements with 10 companies to start their operations in the first phase,” he said.

The first phase of the Pharma City is expected to be commence by October. The Telangana State Industrial Infrastructure Corporation (TSIIC) has alloted land to about 500 industries with an expected investment of about ₹ 1,000 crore, promising 50,000 jobs.

A Seed Park at Siddipet would come up. “We have completed acquisition of land for the project. A dry port in Nalgonda district and three food parks at Jangaon, Sircilla and Khammam too would be established soon,” the Minister said.