The Principal Secretary, Industries, will act as Member Secretary.
Inflation, she said, has been kept 'very much' below the 4 per cent mark and there are 'signs' of revival in the economy, as witnessed in an uptick in industrial production and fixed investments.
Biodiesel, IoT and free trade warehousing among top draw
On the last leg of Chief Minister Edappadi K Palaniswami’s three-nation tour on Monday, six firms based out of the United Arab Emirates promised to invest `3,750 crore in Tamil Nadu.
Led by BMS union president Arun Kumar Pradhan, they also submitted a memorandum to General Manager of Jagannath area, addressed to the Prime Minister.
In a fresh round of FDI reforms, the Union government has allowed 100 per cent foreign direct investment in coal mining and contract manufacturing, as part of its efforts to boost economic growth.
Sectors which attracted maximum foreign inflows during April-June 2019-20 include services, computer software and hardware), telecommunications and trading.
The digital media segment including news and current affairs related sites didn’t come under the ambit of FDI regulations earlier
The comments come after the government on Wednesday eased the FDI norms for single-brand retail, offering more flexibility on local sourcing norms.
A large number of digital media houses, which run popular news websites but do not run any print newspaper, magazine or television channels, have begun operations in the country.
Multinational giants such as Apple, which wanted to set up a chain of stores in India but was bothered by the sourcing norms, will benefit from the new norms.
Coming within a week of FM unveiling a raft of measures to boost growth, the Union Cabinet headed by PM Narendra Modi liberalized foreign direct investment rules in the four sectors.
The establishment of new medical colleges, under phase III of the ongoing Centrally sponsored scheme, will add at least 15,700 MBBS seats in the country.
The liberal FDI regime is expected to attract foreign players to invest in the country which is facing a slowdown.
Already, the government has taken necessary measures to resolve the challenges and set up a Development Council and Advisory Forum for the chemical and petrochemical sector.