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Chennai, June 13 The Tamil Nadu Government will enact a legislation to implement single window clearance for investment proposals, according to the Deputy Chief Minister, Mr M.K. Stalin.

Addressing industry representatives at a pre-budget consultation, Mr Stalin said the draft legislation for single window clearance would be introduced in the coming Assembly session. The law would expedite the statutory clearances needed for new projects.

In the last three years, the State has attracted over 30 investment proposals, including eight large projects for which a structured package of incentives have been offered. The total investments in these projects are estimated at Rs 38,700 crore generating over 2.07 lakh jobs.

The Centre for Monitoring Indian Economy has said that for the year ending March 2009 the total intended investments in the State is Rs 1,68,000 crore, which is 41 per cent more than that of last year.

The State Government is also keen on fostering a sustained relationship with industries. It would play a supportive role even after the projects were implemented and enable further investments, he said.

More Stories on : Investments | Policy | Tamil Nadu

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