TN attracts over Rs 11K-cr via single window clearance

Chennai, Aug 12: Tamil Nadu has facilitated 56 Non-MoU projects with investment commitments of Rs 11,282.52 crore till last month through single window clearance.

"In addition to the investments attracted during the GIM 2015 (Global Investor Meet) held last year, Investment Promotion and Guidance Bureau, has facilitated 56 Non-MoU projects through single window," Industries Department policy note said today.

"Total investment commitment is of Rs 11,282.52 crore during the period April 2011 and July 2016", it said. The state government had set a target of attracting investment of Rs one lakh crore during its maiden GIM conducted last year.

However, total investment crossed the target with Rs 2.42 lakh crore by way of 98 projects. Noting that the government reviews and monitors the status of 98 projects, it said 64 of them were under various stages of implementation.

The policy note, quoting the Centre for Monitoring Indian Economy, said between April 2011 and June 30, 2016, the state attracted investments of Rs 3.75 lakh crore, which include domestic and foreign investments in the pipeline.

PTI