Government support to businesses : Research on the case of support extended by state governments to attract businesses ( take Telangana , Maharashtra or any other state ). give examples of businesses - what kind of support they recieve, reasons and any other pertinent information
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Telangana, despite being India’s youngest state, had an inherent advantage in business.
The state introduced the Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS) Act, which came into effect in June 2015. Under the law, any new enterprise in manufacturing or services with an investment of more than Rs 200 crore will be approved within 15 days and all other proposals will be green-lit in 30 days. If all the approvals do not come through in that period, the company can consider the project deemed to be approved and go ahead with its plans. What’s more, the officials in charge of the clearances would be penalised Rs 1,000 each for every day of delay.
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