Tamil Nadu Chief Minister Edappadi K Palaniswami has set up a Special Investment Promotion Task Force to attract the countries that are looking to shift their supply chains to India. The committee headed by the Chief Secretary will comprise of 14 members that includes secretaries of Finance, Industries, and Micro Small and Medium Enterprises; managing director and CEO of Guidance Tamil Nadu and Commissioner of Commercial Taxes from the government side.
Two nominees from organizations like Japan External Trade Organization (JETRO) Korea Trade Investment Promotion (KOTRA), Korean Chamber of Commerce, Taiwan External Trade Development Council, Indo-American Chamber of Commerce, US-India Strategic Partnership Forum and US-India Business council and one nominee from Enterprise Singapore, Japanese Industrial Parks, Japanese Companies in Tamil Nadu, US Companies in Tamil Nadu and Taiwanese Companies in Tamil Nadu will also be part of the task force. It is expected to submit the first report to the CM in a month.
The Department of Industries released a government order regarding the same. The terms of reference (ToRs) of the committee were to identify sectors which could do with some investments and also to come up with a special incentive package to facilitate the investments. Other ToRs include fast-tracking clearances, identifying key infrastructure projects like dedicated industrial townships, outreach activities and brand building of exercises to position Tamil Nadu as an attractive investment destination.