One of the main reasons for the slow investment procedures in India is the endless corruption that happens within the government corridors. Several approvals and permissions are intentionally delayed by certain government officials for the sake of bribes, and this has been the case for many decades.
One possible solution for this is for the government to set a new restriction where the investment proposals are approved within a strict timeline.
Now it appears that the Tamil Nadu government is on track to implement something like this as it has mandated all departments to issue permits within 21 days to potential investors and industrialists.
If no decision is made within this period, the approval will be considered granted, and then, action would be taken against officials responsible for the delay.
Once there is a stipulated timeline for the processing of any investment, the official will be held responsible for any delay, and they will not be able to gain bribes either.
So this can be considered as a very strong move by the Tamil Nadu government led by CM Vijay with regard to investment creation on paper. But at the end of the day, it will all come down to execution at the ground level, which is going to be the most crucial thing here.
The government of Andhra Pradesh had been very proactive in this direction as IT Minister Lokesh has given his personal WhatsApp number to these investors. This would ensure that he will be the loop for all the activities which will ultimately keep the government officials on the edge of their feet.
Tags Tamilnadu
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