*Ph. D. scholar,
**Registrar and Professor,
Industrial policy is a statement which defines governmental role in industrial development; a statement of objectives in the area of industrial development and the measures to be adopted to realize them, including rapid and balanced regional development. It lays down rules and procedures that govern the growth and pattern of industrial activity. The state of Telangana, has released Industrial Policy 2015. A vision document-it seeks to maximize growth opportunities, create jobs, promote development of backward areas, harness the talents/skills of the people and usher in prosperity to every household. Industrialization holds the potential to fulfilling the dreams and aspirations of the people of Telangana. The industrial policy has as its ethos-Research to innovation, innovation to industry and industry to prosperity-effectively encapsulating the development life cycle. The policy is driven by the mantra of innovate, incubate and incorporate. The policy assures minimum inspection and maximum facilitation and comes across as a whiff of fresh air promise as it does to make law and regulation an enabler, a catalyst and a facilitator. The policy and the laws that go with it come across as a harbinger that will ensconce the state on the growth trajectory with sagacious professional counsel. An attempt is made in this article to highlight the key features and importance of the Telangana industrial policy.
Industrial policy, Industrialization, catalyst, facilitator, ethos, innovation, harbinger, trajectory
