Investment promotion panel holds first meeting, targets $72 billion in exports

CHENNAI The first meeting of the Tamil Nadu Investment Promotion Commission (TNIPC) was held under the chairmanship of Chief Secretary Sai Kumar, with discussions focusing on the proposed new industrial policy, single-window clearances, progress of investment MoUs, and measures to boost the State’s exports. During the meeting, the preparatory work for the New Industrial Policy 2027 was reviewed. “Consultations with various stakeholders have been undertaken since July 2026.

The existing industrial policies are also being evaluated to identify areas requiring revision and improvement. Directions have been issued to expedite the preparation of the new policy,” a statement issued by the Industries Department said. There were discussions around the Memoranda of Understanding (MoUs) inked ever since the TVK government came to power.

Since May 2026, the government has signed 112 MoUs, representing proposed investments exceeding ₹1.14 lakh crore and the potential to generate employment for 1,32,771 persons. Of these, 83 MoUs have progressed to land allotment and beyond.