In an impromptu interaction, I found the Tamil Nadu Industry Minister fully armed with facts and furnished figures to project Tamil Nadu.
The minister described 2018 as a significant milestone: “the Tamil Nadu Business Facilitation Act and Rules was passed. The state launched a new web-based single window system. A simplified common form was introduced. Payment of fees to different departments can now be paid online. The system enables continuous tracking and monitoring that ensure project approvals within 30 days. There is a deemed approval beyond 30 days,” said Sampath.
The Minister traced the rapid growth in FDIs made in Tamil Nadu: “from 2000 to 2011 the state received Rs 33,224 crore. Over the next seven years, 2011-18, we received around Rs 129,000 crore. For three consecutive years, the state has been the third highest in the receipt
of FDI.”
The Minister pointed to the impressive gains of GIM 2015, “already Rs 104,000 crore of investments have been made on industries. An additional Rs 107,000 crore have been spent for power generation,” he said.
The Minister expressed satisfaction over jobs created for 117,000.Amway, MRF, Lotus Footwear, TNPL Unit II are among some of the significant investments.
Sampath spoke on the several incentives provided for setting up industries: electricity subsidy, waiver of registration fees and stamp duty, subsidy for training industrial workers are among the special
features. – SV
