World Bank has recently given rankings for the Industry friendly states of the country. While Telangana stands at 13th place in India, AP is at 2nd place. Below are the key factors that were considered to give these rankings.
- Single window Industrial policy:
AP offers an online single window system with clearly defined timelines for approvals. Permissions will be given in just 21 days.
TS govt. follows Telangana State Industrial Project Approval and Self-Certification System via which any Industry must fetch acceptance from 17 departments.
- Registration:
AP issue spot approvals for registrations with only scrutiny of basic documents.
TS- permissions will be given only after verifying the self-certification documents.
- Taxes:
Both AP and Telangana have similar Tax Systems.
Implement an online system for registrations and returns filing
- Labour:
Compared to TS, AP has extremely well labor resources and easy Policies.
- Land:
AP has Implemented advanced query & layer-based web system to recognize industrial land & Infrastructure.
World Bank has considered these key factors before giving ranks.
