Help make TN investment destination: CM to experts

Chief Minister M K Stalin at a meeting with CM Economic Advisory Council.

Chennai: Chief minister M K Stalin has urged the members of the recently-formed CM Economic Advisory Council (CM-EAC) to suggest ways and means to make Tamilnadu the best destination for industrial investments in south Asia and the supplier of human resources to the world.

Tamilnadu should become the most attractive industrial destination in South Asia — a State that can provide human capital to the world — and there should not be any economic or social disparity here, Stalin said during a virtual meeting with members of the Council.

Stalin and Finance Minister Palanivel Thiaga Rajan held a virtual meeting with the members of the panel — Nobel laureate Esther Duflo, former Reserve Bank of India Governor Raghuram Rajan, former Chief Economic Adviser to the Centre Aravind Subramanian, development economist Jean Dreze and former Union Finance Secretary S Narayan.

The suggestions should enable other Indian states to consider Tamilnadu as the benchmark for growth, the CM said. Routine reforms cannot achieve the objective. Only drastic reforms can and the state is ready for that, Stalin said.

The Chief Minister added: “Growth should not be defined by economic development alone. But one that encompasses growth of the community along with social reforms.”

He said Tamilnadu’s economy should become bigger, more jobs should be generated, per capita income must increase, and growth should encompass everyone.

 

NT Bureau