The Tamil Nadu Business Facilitation Act and Rules 2017 is expected to be in place from October, according to a senior official of the State Government.
The CII-TN Guidance Bureau stakeholder meeting on ‘Tamil Nadu Business Facilitation Act and Rules 2017’ was held here on Friday.
Shilpa Prabhakar Satish, Executive Vice Chairperson of the TN Guidance Bureau, said that 10 approvals for pre-establishment of an industry have been integrated in the portal. The approvals will be given through a single-window system. The Act is for large-scale industries and micro, small and medium-scale enterprises. Initially, it will be implemented for the large-scale units. Businesses can give their suggestions and views on the draft framework of the rules before September 24.
Industries Minister M.C. Sampath said though other States are wooing corporates for investments, Tamil Nadu leads in terms of number of industries and software exports. The State will strive to maintain its edge in industrial growth, despite the competition. The next Global Investors’ Meet will be held next year with plans to attract ₹3 lakh crore investments. Nearly ₹72,000 crore has been invested so far in the State through projects that were signed at the previous edition of the Global Investors’ Meet.
