CM sets up committee to fast-track FDI clearances

Committee to meet in the first week of every month
Aiming at ensuring speedy clearances for investments proposed in Tamil Nadu by foreign companies during his recent visit to the U.S., U.K. and Dubai, Chief Minister Edappadi K. Palaniswami has constituted a high-level committee for investment facilitation and single-window clearances. With the Chief Minister as its chairperson, the committee would have Deputy Chief Minister, Ministers for Electricity, Prohibition and Excise, Municipal Administration and Rural Development, Implementation of Special Programmes, Industries, Environment and Revenue, Disaster Management and Information Technology Departments as members.
Chief Secretary and the respective secretaries to Government would be members of the committee.
During the visit of a delegation led by Chief Minister Mr. Palaniswami to the U.K., the U.S. and Dubai, MoUs were signed with 41 companies for an investment of over Rs. 8,830 crore and with potential employment to 35,520 persons. “The Principal Secretary to the Department of Industries will act as the Member Secretary to the committee,” an official release said. The committee would meet in the first week of every month to monitor the progress of investment facilitation activities and pending clearances under the single window system and other clearances such as environmental clearances with State Environment Impact Assessment Authority (SEIAA).
Panel’s mandate
“The committee will resolve cases where the clearances are pending beyond the time limit fixed by the Tamil Nadu Business Facilitation Rules or pending beyond a month with other agencies like SEIAA,” it stated.

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