CHENNAI: Govt has constituted a 20-member Tamil Nadu Investment Promotion Commission (TNIPC) under the Tamil Nadu Business Facilitation Act to facilitate and promote investments in the state.The commission has been formed against the backdrop of the state govt’s goal of transforming Tamil Nadu into a 1.5 trillion-dollar economy by 2036. Achieving this target would require not only attracting investment commitments but also ensuring their timely conversion into projects, commercial operations and employment opportunities within predictable timelines, a govt order said.TNIPC will focus on investments linked to Free Trade Agreement, investments by people of Tamil origin living outside India, and other investments in the state.The chief secretary is the chairperson of the commission, while the secretary of the industries, investment promotion and commerce department member-convener.The commission includes the secretaries in charge of municipal administration and water supply; home, prohibition and excise; artificial intelligence and information technology and digital services; environment, climate change and forests; finance; MSMEs; housing and urban development; natural resources; rural development and panchayat raj; energy; labour welfare and skill development; revenue and disaster management; commercial taxes and registration; and water resources.The commissioners of land reforms and land administration, the member-secretary of the pollution control board, and the managing director and chief executive officer of Guidance Tamil Nadu are members.
