Bill to set up Tamil Nadu Investment Promotion Commission, fast-track clearances introduced in Assembly
The Bill seeks to introduce Section 16-A to the Tamil Nadu Business Facilitation Act, 2018, empowering the State government to constitute the Tamil Nadu Investment Promotion Commission with the Chief Secretary as its Chairperson
On September 2, 2026, Tamil Nadu's Minister for Industries, S. Keerthana, introduced a Bill in the Assembly to amend the Tamil Nadu Business Facilitation Act, 2018. The legislation aims to establish the Tamil Nadu Investment Promotion Commission, which will streamline the process for high-value and strategic investments in the state.
The Bill proposes an amendment creating Section 16-A within the parent Act, granting the State government authority to form the Tamil Nadu Investment Promotion Commission, with the Chief Secretary serving as Chairperson and the Secretary, Industries, Investment Promotion and Commerce as Member-Convener.
The Commission can appoint up to 20 members, not exceeding five special invitees at any given time to attend meetings. These experts, in fields such as investment promotion, industry, trade, or other relevant areas, will not possess the right to vote. Furthermore, the Bill seeks to expedite clearances for investments by reducing the time limit for obtaining approvals from 22 state acts and subordinate legislations to just 21 days, excluding public and local holidays.
The Commission will oversee and evaluate the progress of large, strategic, and high-impact investments, including those involving capital investments of ₹200 crore or more, employment-generating projects, Free Trade Agreements, and investments by Tamil-origin individuals outside India. The Commission's recommendations will be binding and will cover the allocation and utilization of industrial land for projects that have not yet commenced commercial operations by SIPCOT, TIDCO, SIDCO, ELCOT, and TAHDCO.
Additionally, the Commission will monitor and review investments and projects undertaken by TIDCO, TIDEL, and TICEL.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
