Expedite clearances and permissions: CM

Rangasamy aims at creating a business-friendly environment for industries in the Union Territory

Chief Minister N. Rangasamy on Tuesday called upon departments dealing with industry, trade and commerce to expedite clearances and permissions to create a business-friendly environment for industries in the Union Territory.

Addressing the “Vanijya Saptah”, a conclave of industrialists and exporters, Mr. Rangasamy said delay in clearance was one of the many factors causing a migration of industries out of the Union Territory to other States.

“I don’t want to sound over critical, but there is no denying the fact that there has been a decline in the number of industrial enterprises in the estates. It is also an undeniable reality that industries face delay in getting approvals and prospective entrepreneurs have to wait for clearances and this is not only hampering the development of Puducherry, but also causing a migration of units to other business-friendly States,” Mr. Rangasamy said.