In order to attract investment into the various sectors of the State and thus contribute to the development of the economy as a whole, the government of Tamil Nadu has made several policy announcements. These policies have unveiled a roadmap and graphed a trajectory for bolstering the industrial climate of the state and remove various road blocks which hampered the industrial expansion of the state. These policy documents also envisage the investment incentives and schemes for the investors.

The major being the industrial policy , announced with a mission to accelerate human development in Tamil Nadu by maximizing investment, output, growth, employment and manufacturing competitiveness through infrastructure and human resources development in industries and services sectors. The key objectives of the Industrial Policy are to:-

• Position Tamil Nadu as the most attractive investment destination.
• Facilitate industry capturing a larger share of world trade in goods/services.
• Reform regulatory processes and remove procedural hurdles in business.
• Enable integration of existing industrial clusters with global supply chains.
• Build efficient and dependable industrial infrastructure.
• Develop human resources and intellectual capital to world standards.
• Encourage symbiosis with SMEs in major industry clusters.

Another important policy being the information technology policy , which has the vision of putting a smile of prosperity on the face of every citizen of Tamil Nadu by leveraging information technology (IT) to create value and wealth for a knowledge-based State. The Key objectives of the policy are to:-

• Establish the state as the destination of choice for IT investments
• Upgrade the quality of life for the citizens through e-governance and IT applications in government.
• Empower people in the rural areas so as to bridge the digital divide.
• Develop research and development initiatives.
• Promote use of Tamil in information technology.

Similarly, the information technology enabled services (ITES) policy has been announced with the vision of making Tamil Nadu the Global ITES Capital; attracting increased foreign direct investments; creating large-scale employment opportunities and adding value and wealth by leveraging the inherent strength of the State. Its objectives are to:-

• Get the maximum global ITES investments to Tamil Nadu
• Develop Human Resources specific to ITES Sector
• Create world class infrastructure for IT & ITES and an enabling frame work for protection of intellectual property and data
• Generate employment and other ITES opportunities in major cities in Tamil Nadu
• Provide a conducive environment for the sector by reducing regulations and increasing opportunities.

Besides, a biotechnology policy has been announced with the objective of utilising the resource base of the State for its overall economic development. As per the policy, the Government of Tamil Nadu aims to facilitate the establishment of Biotechnology Enterprise Zones (Bio-Valleys) along the lines of Silicon Valley to exploit the bioresources of the State. Also efforts will be made to encourage the establishment of different types of biotech entities consisting of research organisations, service providers, as well as companies which will commercialise the new products and processes.

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