What is ‘Guidance’, Tamil Nadu’s nodal agency for investments? | Explained
Guidance, earlier known as the Tamil Nadu Guidance and Export Promotion Bureau, was established as a non-profit registered society on July 15, 1992, with the objective of attracting investment proposals into Tamil Nadu
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Tamil Nadu Chief Minister S.
Joseph Vijay witnesses the exchange of an MoU after signed between the Tamil Nadu government’s nodal agency, 'Guidance', and the U.S.-based Starbucks Coffee Company at the Secretariat, in Chennai.
File | Photo Credit: ANI
The story so far: Guidance, the nodal agency of the Tamil Nadu government for investment promotion and single-window facilitation, is in the limelight for the wrong reasons.
Former Chief Ministers M.K.
Stalin and Edappadi K.
Palaniswami have accused the Tamilaga Vettri Kazhagam (TVK)-led government of having “immobilised” the body.
Guidance, earlier known as the Tamil Nadu Guidance and Export Promotion Bureau, was established as a non-profit registered society on July 15, 1992, with the objective of attracting investment proposals into Tamil Nadu.
It is mandated to span the full spectrum of investment promotion activities, with a focus on generating leads, facilitating projects, and providing post-investment support.
The body is expected to catch the emerging market trends and formulate new sectoral policies, strengthen industry-academia collaboration, and engage with trade bodies and multilateral agencies.
It hopes to play a crucial role in making the State a $1.5 trillion economy by 2036, a goal of the present government.
Tamil Nadu / Tamilaga Vettri Kazhagam / The Hindu Explains
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Full detailed coverage is shown on the council website above. Source attribution: The Hindu – Business.
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