Telangana to unveil next-gen policies for industries at Rising Global Summit 2.0

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.

The next generation of industrial policies and investment opportunities are proposed to be unveiled at the Telangana Rising Global Summit 2.0 scheduled from December 7– 9 here under the theme ‘Invest Telangana’, the official said. He was speaking at the launch of Indo-German Gateway Programme by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) in collaboration with the German Indian Business Alliance (GIBA) and Innovation Hub RheinMain.

It is a structured 12-month internationalisation and European market-entry programme designed to help Telangana enterprises establish a sustained commercial and operational presence in Germany and use the RheinMain region as a gateway to wider European markets. The programme framework provides for maximum aggregate support of up to €25,000 per participating enterprise, subject to eligibility, milestone completion, approvals and availability of programme resources. The support is intended to facilitate activities such as assessment, market visits, establishment and market development, FTCCI said in a release on the event.