Telangana approved 3,938 projects with investments totalling ₹17,867 crore under its flagship TS-iPASS initiative for industries during the fiscal ended March 31, 2022.
The projects will create 96,863 jobs, according to the 2021-22 annual report of State’s Industries and Commerce Department that Minister for Industries K. T. Rama Rao released, in the presence of a host of industry leaders, here on Monday.
A policy measure on the back of which the State has been successful in wooing investors from both India and abroad, the Telangana State Industrial Project Approval and Self-Certification System assures time-bound clearances for projects failing which they are deemed to be approved. In the seven years since launch, TS-iPASS got the State ₹2,32,311 crore investments by way of 19,454 projects with a potential to create 16.49 lakh jobs.
