Bill to set up Tamil Nadu Investment Promotion Commission, fast-track clearances introduced in Assembly
The Tamil Nadu government has introduced a bill to establish an Investment Promotion Commission to streamline and fast-track high-value industrial projects. The legislation aims to reduce clearance times to 21 days for strategic investments exceeding ₹200 crore.
Why it matters
This represents a significant policy shift to improve the ease of doing business and accelerate industrial growth in Tamil Nadu.
Minister for Industries S. Keerthana on Wednesday (September 2, 2026) introduced a Bill in the Assembly to amend the Tamil Nadu Business Facilitation Act, 2018, to strengthen the institutional framework for promoting ease of doing business in Tamil Nadu and constitute the Tamil Nadu Investment Promotion Commission to facilitate, coordinate, and monitor high-value and strategic investments.
The Bill seeks to introduce Section 16-A to the parent Act, empowering the State government to constitute the Tamil Nadu Investment Promotion Commission with the Chief Secretary as its Chairperson and the Secretary, Industries, Investment Promotion and Commerce as its Member-Convener.
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