Obtaining approvals
An indicative list of approvals with timeframe for setting up business in
Tamil Nadu
|
List of approvals and clearances required |
Departments to be consulted |
Estimated time Taken
(days) |
|
Incorporation of the company |
Registrar of companies |
Single Window Clerance
GUIDANCE (state's single window clearance facility) clears investment
proposals in 30 days on an average. The single window obtains all
approvals necessary for the investment proposal within the aforementioned
time*.
|
|
Registration, IEM, Industrial licences |
District Industry Centre |
|
Allotment of land |
State Department of Industries / State Industrial Development
Corporation / Infrastructure Corporation |
|
Permission for land use |
State DI, Department of Town and Country Planning |
|
Site environmental approval |
State pollution control board and Ministry of environment and forests |
|
No Objection Certificate and consent underwater and pollution control
Acts |
State pollution control board |
|
Approval of construction activity and building plan |
Town and country planning authority |
|
Sanction of power |
State electricity board |
|
Registration under states sales tax act and central and state excise
act |
Sales tax department, Central and state excise departments |
Cost of setting up business
An indicative table on cost of setting up business in Tamil Nadu
Manufacturing
|
|
Land (US$ / hectare)* |
75,235 |
|
Labour Cost (US$ / man year)** |
1,362 |
Services
|
|
Occupation Costs***
(US$ / sq ft / year) |
14.68
|
|
Employee Cost (US$ / man year)**** |
|
Software Developers |
6,383 |
|
Team Leads |
14,893 |
|
Architects |
21,276.5 |
|
Project Managers |
32,209 |
|
Common Heads |
|
Cost of capital*****
(Prime lending rate, per cent) |
10.6
|
|
Electricity (US cents/ kWh)****** |
|
Metropolitan Area |
7.05 |
|
Non Metro Area |
6.85 |
Sales Tax exemptions: For large
investment, on a case-to-case basis, the Government of Tamil Nadu gives sales
tax waiver/deferral for duration up to 7 years. Specific commodity sales tax
rates are available at www.tnsalestax.com/taxrates.htm
Contact for information
State Government Website
www.tn.gov.in
Tamil Nadu Industrial Development Corporation Ltd (TIDCO)
Tamil Nadu Industrial Development Corporation Ltd, the promotional agency for
the establishment of large and medium scale industries has commissioned
seventy-two projects till date with a total equity investment of US$ 50.5
million. The industries cover a wide range of activities such as iron &
steel, fertilisers, industrial parks, AEZs and SEZs.At present, TIDCO focuses on infrastructure promotion through equity
participation in joint ventures. TIDCO has been identifying and promoting
projects in various sectors such as infrastructure, manufacturing and knowledge
sectors.
Tamil Nadu Industrial Development Corporation Ltd
19 A, Rukmani Lakshmipathy Salai
Egmore
Chennai 600 008
Tel: +91 44 28554421
Fax: +91 44 28553729
Web: www.tidco.com
Confederation of
Indian Industry (CII)
Information on markets and
opportunities for investment in Tamil Nadu can also be obtained from
Confederation of Indian Industry which works with the objective of creating a
symbiotic interface between industry and government.
Confederation of Indian Industry
Southern Region Office
98/1,Velacherry Main Road
Chennai
Tamil Nadu 600 042
INDIA
Tel: +91 44 52444555
Fax: +91 44 52444510
Email: cii.south@ciionline.org
Web: www.ciionline.org
Confederation of Indian Industry
Zonal Office
6A Lawsons Road
5th Floor, Ganesh Complex
Opp. to St. John's Vestry High School
Cantonment
Trichy
Tamil Nadu 620 001
INDIA
Tel: +91 431 2410641 /2410655
Fax: +91 431 2410655
|
