Policy of Telangana Government for Business Development

Abstract

This paper focuses on the Telangana State Industrial Policy and its scope for business development. The new Telangana State Industrial Policy is providing a framework which will not only make the industries to stabilize and competitive but also increases its scope for national and international investments in industrial sectors. The focus will be more on core manufacturing sectors with the creation of employment for urban and rural youth and adding values to existing skills emphasized at all stages. The policy is aiming at producing high quality goods at the most competitive price, which establishes “Made in Telangana – Made in India” as a brand with high global recognition. The corner stone of the policy is the Zero graft and Zero tolerance to corruption. The high expectations of the people of Telangana State about the job opportunities, infrastructure development, and uplift of backward sections of the society are the priorities Telangana State Government. This is possible only by the development of industries which in turn provides the job opportunities to youth and thereby increasing their standard of living. The new Telangana Industrial Policy will be the instrument through which the vision of the Telangana State Government will be translated into action. The Telangana State Industrial Policy aims at integrating the State’s economy with global economy and to become world’s “Industrial State”.