Tamil Nadu Investment Promotion Commission Reviews Business Climate and Industrial Policy

Chennai, November 14 (Daily Kiran) : The Tamil Nadu Investment Promotion Commission convened for its inaugural meeting on November 13, 2026, in Chennai, chaired by Chief Secretary M. Sai Kumar. The session aimed to expedite investment project implementation, improve the ease of doing business, and enhance export promotion. Industry representatives were specially invited to contribute to the discussions.

During the meeting, the Commission reviewed projects involving investments of ₹200 crore or more and those expected to generate over 5,000 jobs. The progress of investments under free trade agreements was also evaluated. The Chief Secretary assessed the status of 37 vision announcements related to the industrial sector, with work already underway on 18 of these initiatives. Since May 2026, there have been 112 signed memorandums of understanding (MoUs), representing an investment of over ₹1.14 lakh crore, projected to create 142,271 jobs.

The Commission also discussed the development of the “New Industrial Policy 2027.” Under the revised Ease of Doing Business Act, approvals must be granted within 21 days. The Commission instructed all departments to strictly adhere to this timeline and announced the implementation of a deemed approval system, where approvals will be assumed granted if not addressed within the stipulated period. It emphasized the need for punitive measures against officials who violate these regulations.

Decisions regarding electricity connections for industries were also made, instructing all departments to expedite the processing of applications from industries seeking to establish units.

Representatives from industrial organizations praised the swift implementation of the Ease of Doing Business reforms, the prompt disbursement of incentive packages and subsidies, and the transparent allocation of SIPCOT industrial plots through advertisements.

Since taking office, Chief Minister Joseph Vijay’s government has actively sought to attract industrial investment, aiming to position Tamil Nadu as a leading industrial state in India. The government is also working towards its ambitious goal of transforming Tamil Nadu into a $1.5 trillion economy by 2036.

As part of these efforts, the Tamil Nadu Investment Promotion Commission was established under Section 16-A of the Tamil Nadu Ease of Doing Business (Amendment) Act-2026. A government order was issued by the Department of Industries, Investment Promotion, and Commerce on November 3.

The Commission is led by the Chief Secretary, with the Additional Chief Secretary of the Department of Industries, Investment Promotion, and Commerce serving as the member-convener. It comprises 20 members, including secretaries from various departments such as Finance, Environment, Information Technology, and Labor Welfare.