States » SouthPosted at: Jun 18 2026 1:44PM


TN to unveil new Industrial policy, to set up Investor Promotion Commission to attract foreign investments

Chennai, June 18 (UNI) The Tamil Nadu government would unveil a new industrial policy outlining special incentives for domestic and global companies and set up an Investor Promotion Commission to attract foreign investments and enhance ease of doing business to achieve the ambitious target of transforming TN to a USD 1.5 trillion dollar economy by 2036, Governor R V Arlekar announced in the State Assembly on Thursday.
Delivering his maiden customary address to the House on the first day of the first session of the new TVK government headed by Chief Minister Vijay, the Governor said the Government was firm that industries must grow and workers must thrive in order to achieve the Chief Minister's target to transform Tamil Nadu to a 1.5 trillion dollar economy by 2036.
He said to achieve this the procedures for starting industrial enterprises will be simplified to boost industrial growth in Tamil Nadu. Steps will also be taken for early grant of permissions needed to start Micro, Small and Medium Enterprises (MSMEs) through a single-window system to achieve rapid industrial growth and create lakhs of employment opportunities.
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