TS -iPASS Pushes Telangana Fastest Growing State In India

The TS-iPASS policy introduced by Telangana State Government three years ago has brought many laurels to the newly created state in the country.  Telangana was attracting huge investments from industry and is becoming a destination for investments.

Official figures says  Telangana under  the new industrial policy attracted  Rs 1,17,893.83 crore  investments from 6,039 industries projecting the creation of 4,40,863 jobs.

3,537 companies that commenced operations during the period have invested Rs 32,220.87 crore generating 1,57,816 jobs.  481 companies that are in advanced stage with  Rs 12,493.17 crore investments will create  employment for 79,457 people. 

Rs 29,329.78 crore are coming  up from 517 companies that are in initial stage of implementing their projects which will create 83,992 jobs. Around 1,504 companies have come forward with an investment of Rs 43,850.01 crore  which are going to generate 1,19,598 jobs.

The new industrial policy paved way the State to be the best destination to invest not only for big companies but also for micro, small and medium enterprises (MSMEs). 
Telangana  attracted 1,800 companies that have invested in the range of Rs 1-10 crore amounting to Rs 5,749.66 crore and employed  64,799 people. A huge number of micro enterprises (3,663) have invested upto Rs 1 crore and below, amounting to a cumulative investment of Rs 1,055.71 crore creating 53,508 jobs.