Chennai: The state government will soon notify a new industrial policy offering special incentive schemes for domestic and global companies to make fresh investments in Tamil Nadu. It will also establish a Tamil Nadu Investor Promotion Commission headed by the chief secretary to attract investments from multinational companies.
In his maiden address to the assembly, Governor R V Arlekar said the government would enhance the ease of doing business environment by upgrading the single window system into a fully digital platform applicable to all sectors and granting all permissions swiftly without any administrative delay.
“Through the commission, measures will be taken to grant fast tract permissions to start operations to companies investing more than Rs 200 crore or providing employment to 5,000 people,” the governor said. The government has also set a target of transforming Tamil Nadu into a 1.5 trillion-dollar economy by 2036.
Measures will also be taken to early grant permissions needed to start micro, small and medium enterprises through a single window system to achieve rapid industrial growth and create lakhs of employment opportunities, he said. The government will also unveil a sustainable tourism policy to preserve the state’s natural resources and ecological balance.
