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Tamil Nadu to introduce Bill for ease of doing business

State claims of the 50 projects signed in 2015, 43 under various stages of implementation

Chief Minister Edappadi K Palaniswami after taking the oath of secrecy administered by Governor CH Vidyasagar Rao during the swearing-in ceremony at Raj Bhavan in Chennai on Thursday
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T E Narasimhan Chennai
The Tamil Nadu government is planning to introduce a business facilitation Bill next month that will be backed by a legislation to put the state on the investment map again. The state has slipped from the 12th to the 18th spot this year in ease of doing business rankings, released by the Department of Industrial Policy and Promotion (DIPP) last week.

The state government said of the 50 memoranda of understanding (MoUs) signed during the 2015 Global Investors Meet, 43 projects were under various stages of implementation. But, of the committed Rs 1 lakh crore, only Rs 30,000 crore had been