Investments attracted by TS-iPASS concentrated in districts
As per the Telangana Socio-Economic Outlook 2021, the investment committed by firms using TS-iPASS increased by over 33 per cent since 2015
Hyderabad: The distribution of investments attracted under the TS-iPASS since 2015 has been significantly concentrated in districts such as Rangareddy (32.5 per cent) with Rs 67,431 crore, Nalgonda (13 per cent) with Rs 27,061 crore and Bhadradri Kothagudem (10.6 per cent) with Rs 21,917 crore.
This pattern of concentration is even more pronounced while measuring employment, with Rangareddy alone accounting for 60.4 per cent (8.81 lakh) of the employment, followed by Warangal Rural with 13 per cent (1.9 lakh jobs) and Medchal-Malkajgiri with 7.1 per cent (over 1 lakh jobs).
As per the Telangana Socio-Economic Outlook 2021, the investment committed by firms using TS-iPASS has increased by over 33 per cent since 2015. Between January 2020 and December 2020, 15 of the 33 districts saw an increase in investment commitments through TS-iPASS, while 18 districts saw an increase in employment commitments. Given the Covid-19 shock, the fact that more than half the districts in the State did not experience similar shortfalls is encouraging.
Under TS-iPASS, 35 clearances from 27 departments are covered and a common application has been designed to cater to the requirements of all departments. It has streamlined the process of approvals by reducing the number of attachments from 110 to 10. The TS-iPASS portal provides for online pre-scrutiny of applications within 72 hours, which ensures that the applicant is informed of any shortfalls before making payment.
An ‘industry chasing cell’ was created in the office of the Chief Minister, headed by a Principal Secretary, to monitor the implementation of major projects and inter-departmental coordination.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .
