Tamil Nadu targets 72 billion dollar exports at first investment commission meeting

Tamil Nadu aims to push its exports from fifty-nine billion dollars up to seventy-two billion dollars as part of a larger plan to reach a one-point-five trillion dollar economy by the year 2036. ## Meeting Focus The Tamil Nadu Investment Promotion Commission held its first meeting in Chennai under the leadership of Chief Secretary Sai Kumar. Officials reviewed the ongoing work for the New Industrial Policy 2027 and discussed ways to use India's Free Trade Agreements to help local industries sell more goods abroad. The meeting also looked at single-window clearances, the progress of past investment MoUs, and ways to hold export promotion meetings at the district level.

Official Directions

The commission directed every government department to process applications under the amended Business Facilitation Act within a strict twenty-one-day time limit. It also told the Tamil Nadu Power Distribution Corporation Limited to set up a system to speed up power connection approvals for industrial units. The 20-member commission focuses on big projects worth two hundred crore rupees or more, or projects that create at least five thousand jobs.

Context

State investment panels help coordinate across different government departments so that large industrial projects do not face delays. Tamil Nadu relies on strong manufacturing and export sectors to drive its economic growth and create more jobs for young people. Free Trade Agreements signed by India open up new international markets for goods made in the state.