TN forms working group for best business practices

State Govt to host global investors summit in March 2015

The Tamil Nadu government has formulated a working group to assist in adopting best practices aimed at improving the business climate, according to a senior government official.

While addressing an interactive session with stakeholders on the launch of ‘Make in India’ campaign by the Prime Minister, M Velmurugan, executive vice chairman of guidance bureau of industries department in the state government, said the state was working on constituting a group soon that outlines best practices to be adopted by the government, and had taken inputs from various stakeholders and department of Industrial Promotion.

The state Industries department is also planning to bring out a guidebook to help investors. “A draft version of the same was ready and we gave it to consultants who are currently going through it for clarity,” he added.

Global Investors summit

Tamil Nadu has postponed the launch of Global Investor Meet (GIM) to March 2015. It had earlier planned to hold the meet in October 2014. A Rs 100 crore budget allocation has been earmarked for the event. The state is expected to showcase 217 infra projects at the meet.

“The GIM 2015 will begin a new era,” said Velmurugan.