Chennai, In a major push to enhance ease of doing business and accelerating industrial growth, Tamil Nadu Minister for Industries, Investment Promotion, and Commerce, S Keerthana on Wednesday introduced the Tamil Nadu Business Facilitation amendment Act, 2026, in the State Assembly.
The bill proposes significant legislative changes, most notably standardising and capping the time taken for industrial clearances at 21 days for regulatory approvals, unless a shorter period is explicitly prescribed by law besides formation of Tamil Nadu Investment Promotion Commission (TNIPC).
The minister told the House that the proposed TNIPC will function as a dedicated high-level oversight body, which will be chaired by the chief secretary to the government, with the Industries secretary serving as the member-convener and the commission will feature up to 20 government-appointed members alongside up to five non-voting sector experts.
According to Keerthana, the commission will directly review and fast-track major, strategic projects meeting specific thresholds including investments involving a proposed capital expenditure of Rs 200 crore or more, projects expected to generate employment for 5,000 or more people and ventures tied to Free Trade Agreements (FTAs) or investments made by the global Tamil diaspora.
The legislation marks a strategic overhaul aimed at streamlining bureaucratic processes, tracking large-scale employment drivers, and establishing Tamil Nadu as a top destination for domestic and international capital, the minister added.
