Government taking steps to make State number 1 in ease of doing business, says Stalin
The Hindu
“We want to create Tamil Nadu as a Smart State that is an example for the rest of the world,” says CM
Tamil Nadu will soon become the number 1 State in Ease of Doing Business in India and the DMK government has already started taking steps to enable the State to move from the current number three position, Chief Minister M.K. Stalin said in Chennai on Monday.
Mr. Stalin said it was due to the efforts taken by his government in the last one year that Tamil Nadu, which was at No.14 in 2020 in Ease of Doing Business rankings, had leapfrogged to No. 3.
“We want to create Tamil Nadu as a Smart State that is an example for the rest of the world. Tamil Nadu should become the most attractive destination in South Asia for investors and ‘Made in Tamil Nadu’ products should reach all corners of the world,” the Chief Minister said speaking at the ‘Tamil Nadu - Investor’s First Port of Call’ investment conclave.
Mr. Stalin said since his government came to power, a total of 192 MoUs had been signed with a cumulative investment of ₹2.20 lakh crore.
Fresh investments
MoUs for 60 projects with a cumulative investment of ₹1,25,244 crore were exchanged in the presence of the Chief Minister at the conclave. These investments are expected to create jobs for 74, 898 persons in the State. The projects span several sectors including defence, textiles, IT, capital goods, EVs, auto components among others.
Mr. Stalin also inaugurated 12 projects with an investment of ₹1,497 crore providing employment to 7,050 persons. He also laid the foundation stone for 21 projects with an investment commitment of ₹22, 252 crore and employment opportunities for about 17,652 persons. In addition, organisational MoUs were exchanged for 11 FinTech projects.
Amidst demand by the BJP for an investigation by the Central Bureau of Investigation (CBI) into the alleged unauthorised transfer of funds belonging to the Maharshi Valmiki Scheduled Tribes Development Corporation (MVSTDC), Home Minister G. Parameshwara on Friday said that the State government will not hand over the investigation to the CBI “voluntarily.”