Chennai: The Tamil Nadu government led by Chief Minister C. Joseph Vijay has established a high-level Investment Promotion Commission (TNIPC) headed by the Chief Secretary to accelerate industrial growth and attract investments, according to an official announcement reported on Saturday.

Source: IANS via HiIndia

The Industries, Investment Promotion and Commerce Department constituted the 20-member commission through a government order dated November 3, under the Tamil Nadu Business Facilitation (Amendment) Act, 2026, which came into force on November 3. The Chief Secretary will chair the commission, while the Industries Secretary will serve as member-convener.

Source: The Hindu BusinessLine

Senior officials from departments including finance, MSME, energy, environment, information technology and digital services, municipal administration, housing and urban development, revenue and commercial taxes will serve as members, according to the government order.

The commission will coordinate investment proposals, expedite administrative clearances and facilitate projects emerging from India's Free Trade Agreements (FTAs). It will also focus on attracting investments from the Tamil diaspora across the world and strengthening the state's position as a preferred destination for domestic and international investors.

The initiative forms part of Tamil Nadu's plan to transform itself into a $1.5 trillion economy by 2036. The government has said that securing investment commitments alone will not achieve that objective unless proposed projects are implemented within stipulated timelines. The state has set a merchandise export target of $72 billion for 2026-27, compared with the existing level of $59 billion.

The constitution of the commission was first announced by the TVK-led government during the Governor's inaugural address to the Legislative Assembly on June 18, 2026, and has now been given formal shape through the November 3 order.