Telangana to unveil next-gen policies for industries at Rising Global Summit 2.0
Telangana is set to launch its 'Industrial Policy 2.0' at the upcoming Rising Global Summit 2.0 to attract large-scale investments. The state aims to modernize its industrial facilitation system and foster international partnerships, including a new gateway program with Germany.
Why it matters
This signals a strategic shift in regional economic policy aimed at attracting high-value global manufacturing and technology investments.
Telangana Industrial Policy 2.0 will move beyond a generic approach and create focused policies for a number of sectors, from aerospace and defence, lifestyle and leather, global capability centres (GCCs), data centres, electronics, Life Sciences and other emerging industries, a senior State government official said.
“We are planning to announce new policies on all of these. TG-iPASS [system of time bound approvals] will also be rechristened as we move towards a more agile and outcome-oriented industrial facilitation system,” Commissioner of Industries Nikhil Chakravarthy J. told an industry event here on Monday.
The government is also contemplating competitive incentives for firms investing $25 million and more with the objective to attract larger investments, create high-quality employment and build strong local industrial ecosystems. Telangana already has a significant advantage in local manufacturing, with nearly 80% of the components required by local industries made in the State, he said.
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