Industrial Policy Frame work for State of Telangana 2014
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The Industrial Policy Framework for the State of Telangana recognizes that Industrialization is recognized as a key source of the economic growth and development of the Indian state of Telangana. This framework came into force on 1 December 2014.
The stated vision for industrialization is: "Research to Innovation, Innovation to Industry and Industry to prosperity." The policy encompasses fourteen thrust areas with a plan to develop six industrial corridors and common infrastructure. The cornerstone to the policy is zero graft and zero corruption - in pursuit of a secure and progressive business environment. While large companies such as ITC, Tata Motors and Mahindra are planning to expand their business in the newly developed state(s), this policy has also gained significance in the investment community.
History
On 5 May 2011 the Andhra Pradesh administration introduced guidelines to drive industrial promotion in the state. This policy was successful in attracting corporations such as PEPSI and the Siri City project. This also boosted the growth of the service sector in Hyderabad, transforming it into anIT logistics hub. After bifurcation, both states sought investments that could increase employment and standard living. Telangana's policy framework was introduced on 27 November 2014 and came into effect on 1 December 2014. Telangana govt sets a record with new industrial policy and clears 17 projects worth Rs 1500 crore within 15 days of the launch.[1]