Chennai: In its bid to turn Tamil Nadu into a $ 1.5 trillion economy by 2036, the State government set a 21-day deadline for industrial clearances under the Tamil Nadu Business Facilitation (Amendment) Act of 2026 to fast-track investment.
According to the decision taken at a meeting of Tamil Nadu Investment Promotion Commission (TNIPC) on Saturday, if applications, licences or no objection certificates (NOCs) were not processed within the 21-day window, they would be treated as deemed approved.
Under the policy, accountability would be fixed for departments or officials failing to meet the stipulated time frame and penalties would not also be levied. Processed through the Guidance Tamil Nadu, thousands of project applications would be tracked
The state has rolled out over 25 administrative and land-use reforms—such as waiving specific NOC requirements for dry/wet land conversions, extending municipal trade licence validity up to 10 years, and targeting MSME plot allotments within 30 days.
The 20-member commission, chaired by the Chief Secretary, M Saikumar, was constituted under business facilitation act, would review investment projects involving more than Rs 200 crore or those generating more than 5000 jobs.
The commission, comprising secretaries of key departments like finance, IT, MSME, energy, revenue and labour besides senior representatives of the Madras Chamber of Commerce and Industry (MCCI), the Confederation of Indian Industry (CII) and Chambers of Commerce and Industry (FCCI), would monitor major industrial progress, land allotments and single window operations.
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