Telangana State Industrial PASS Act will generate employment: K.T. Rama Rao
Hyderabad, Dec 27 (ANI): Telangana Cabinet Minister K.T. Rama Rao on Monday said that the Telangana State Industrial Pass Act 2014 is an end-to-end online process for mega projects and will go a long way in generating employment for people of the state. He also said that the act has a provision for levying a penalty of Rs.1, 000 per day on any officer who delays any part of the process. He informed that 2,929 industries have been given investment approval of around Rs. 49, 463 crores and the total direct employment potential by this investment is expected to be Rs. 195,000 and indirectly around Rs.3 lakh.
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