Investment Climate Improvement in East Coast Economic Corridor of India: Regulatory, Institutional, and Policy Reforms Support to Tamil Nadu

Abstract

Experience around the world has clearly shown that in addition to state-of-the-art infrastructure and availability of resources, an investment climate that ensures timely, objective, and transparent approvals and consistent policies is equally critical for attracting investment. In its efforts to step up manufacturing activity in the country through increased investment, the Government of India too has been pursuing a double-pronged strategy. In addition to development and upgrade of infrastructure through increased budgetary outlays on highways, railway network, ports, urban and industrial infrastructure, it has also undertaken a number of measures for improving the “ease of doing business” (EODB) in the country.