TG set to unveil new industrial sectoral policies

• Telangana government plans to unveil a clutch of industrial sectoral policies that will be one of their kind in terms of what they offer, a top official of the Industries and IT Department told a gathering of Confederation of Indian Industry (CII) entrepreneurs in Hyderabad.
• Electric mobility and storage, Electronics, Life Sciences, Defence and Aerospace are among the sectors that will get new policies in coming months.
• The move comes close on the heels of the State government rolling out a policy for Micro, Small and Medium Enterprises (MSME) seeking to address multiple challenges that confront such units. The MSME policy consists of as many as 40 support measures and has a special focus on promoting women entrepreneurship besides a structured implementation and monitoring mechanism. An intent of the policy is also to address the gaps in the previous TS-iPASS policy.
• addressing the 20th edition of CII-Telangana’s MAN’EXE-2024 conference, where Industries and IT Minister presented awards, said the new government in State, which assumed office 11 months ago, while wanting to continue with good existing policy measures is also keen on outperforming them.
• Besides the MSME Policy that has come for appreciation from across the country, another initiative of the government has been the setting up of Young India Skills University in Hyderabad. Both measures are set to be showcased at the ensuing annual meeting of PM with Chief Secretaries. Stating this, Mr. Ranjan said the foundations of the university lay in its emphasis on partnership with industry.

IT minister said geographically inclusive industrial development, innovation and women entrepreneurship are set to play a key role in achieving the $1 trillion economy target set by Chief Minister.