Investment Climate Improvement in East Coast Economic Corridor of India: Regulatory, Institutional, and Policy Reforms Support to Tamil Nadu
Abstract
Description
This study identifies policy, institutional, and process reforms to make it easier to do business in India's Tamil Nadu state.
Given the importance of “ease of doing business” (EODB) in attracting and sustaining investments, the Asian Development Bank (ADB) has incorporated institutional and regulatory reforms as an integral component of its East Coast Economic Corridor (ECEC) project. The Government of Tamil Nadu requested ADB technical support on EODB for the second leg of the ECEC—Chennai–Kanyakumari Industrial Corridor.
The technical support aimed at developing and implementing the policy, process, and institutional framework to facilitate EODB for potential and existing entrepreneurs. This brief presents the baseline assessment of Tamil Nadu (prior to ADB support) taking into account the Department of Industrial Policy and Promotion ranking, feedback from stakeholders (investors, industry associations, etc.), and EODB initiatives implemented by the Government of Tamil Nadu from April 2017 to January 2018.