Telangana has approved 16 new industrial units involving an investment of Rs.1,046 crore under its new industrial policy of time-bound clearances.
Industries Minister Jupally Krishna Rao on Saturday will hand over approval letters to 16 industries covering different sectors like solar, pharmaceuticals, cooking gas bottling and beverages, and automobile tubes.
The clearances were given under the third phase of Telangana Industrial Project Approval and Self-Certification System (TS-iPASS), a single window system which gives all approvals to a business proposal in 14 days to a month.
The industrial units under the third phase will come up in five districts of Medak, Mahbubnagar, Nalgonda, Warangal and Ranga Reddy, creating nearly 3,000 jobs.
After the launch of the new policy, the government had within 10 days cleared 17 proposals involving an investment of Rs.1,500 crore.
In the second phase, 19 proposals with a total investment of Rs.1,087 crore were approved in July.