CHENNAI: In a bid to boost investment in the State and ensure ease of doing business, the State government is planning to come out with a legislation and has asked the Tamil Nadu Industrial Guidance and Export Promotion Bureau to help draft a Bill.
It is learnt that a Bill is being drafted by the Industrial Guidance and Export Promotion Bureau with the help of global consulting agency Deolitte.
The move by the State government comes in the wake of the Centre’s aim to improve the country’s position in the World Bank’s Doing Business Rankings. India is currently ranked 130 in the rankings by the World Bank.
The biggest challenge before the Centre is to pursue with the State governments, local bodies and the Supreme Court and high courts for necessary reforms in ease of doing business. Interestingly, the Tamil Nadu government which has signed memoranda of understanding worth Rs 2.42 lakh crore worth investments during the Global Investors Meet could not realise it as most of the projects were delayed due to issue of approvals pertaining to land and buildings.
Sources revealed that the State is likely to notify independent state-level and district level nodal agencies and set up District Industry Centres in all 32 districts.
It is learnt that once the law is enacted, all applications will be channelled through a single window portal, which will be integrated with the departments that have to give clearance to investment projects.
There are also plans to set up a State Single Window Monitoring Committee, which could also act as a appellate authority to redress grievances. The committee is likely to provide a time-frame of 30 to 45 days to raise the grievances which also has to be settled in the given time frame. Sources indicated that it is suggested that the committee should conduct meeting twice a month.
Similarly, plans are also on to set up Investment Promotion and Monitoring Board which will be meeting four times in a year to review the disposal of applications submitted through the single window portal.
The state is also planning to protect the interests of medium, small and medium enterprises (MSMEs) by setting up a single window state committee. This will monitor the disposal of applications, which exceed investments above Rs 5 crore.
Common building rules for TN delayed
The single window clearance could be successful only if the State implements the common building rules which do away with the multiple approvals process, according to sources. It is learnt that the Tamil Nadu government has prepared a blueprint to frame ‘Tamil Nadu Common building Rules, 2016’ for local bodies in accordance with the provisions of the Model Building bye-laws but it is yet to be implemented.