The Telangana Government would make it mandatory for mega industrial projects to procure a certain part of their requirements from the local small-scale industry. The proposed new industrial policy is likely to provide for such a provision.
During his interaction with the industry representatives and associations, Telangana Chief Minister K Chandrasekhara Rao announced some measures which included a safety net for small and medium enter¡prises, removal of anomalies in the VAT rates vis-a-vis neighbouring states, payment of subsidy dues of Rs 800 crore and a single-window for giving permissions.
To address the increasing mortality rate and distress in the small-scale sector, the Chief Minister said the government would contribute matching funds if the industry came forward to set up a corpus fund.
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