Industry bodies upbeat as budget proposes ₹2,500 crore incentives
The Hindu
Telangana Budget 2021-22 has proposed ₹2,500 crore for industrial incentives, an announcement industry bodies welcomed since they have been impressing on the government, for sometime, to clear the pending dues to entrepreneurs who have established facilities.
Finance Minister Harish Rao, in the speech, said an amount of ₹2,500 crore is being proposed in the Budget for industrial incentives. For the industrial sector, the Budget estimate is ₹3,077 crore, he added. He said while referring to how industries in Telangana have been progressing at an accelerated pace, thanks to TS-iPASS or the system the State government introduced about six years ago to accord time bound approvals for new projects.
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