Stalin looks to team up Tamil diaspora for TN Dollar goal

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Thennarasu said that the members would act as brand ambassadors of Tamil Nadu’s industrial ecosystem and they would be given the mandate to open sub-chapters in their respective countries of residences…reports Asian Lite News.

Tamil Nadu Chief Minister M.K. Stalin is in the process of roping in Tamil diaspora abroad to achieve the state’s trillion-dollar goal by 2030, a pet project of the Chief Minister.

The Tamil Nadu government has already roped in the services of several non-resident Tamils for this project.

US-based entrepreneur R. Rangaswami, who is Founder and Chairman of Indiaspora which is a network of global Indian origin leaders, has already been roped in for executing the project. A panel of Tamil diaspora including Sunder Pichai of Google, Indira Nooyi, the former Chairperson of Pepsico, and several other technocrats and management experts will be used for developing the economic investment in the state.

Tamil Industries Minister Thangam Thennarasu will be the Chairperson of the 12 member panel, and the Vice Chairman of the Tamil Nadu State Planning Commission, and the state Industries Secretary are the ex-officio members. The Managing Director and CEO of Guidance will also be an ex-officio member.

The others in the 12 member panel are Dr Bala Swaminathan, of the Bala family foundation, Ganesh Radhakrishnan, CEO, Wharfedale Technologies Inc, US, Saravanan M. Sinapan, President, DHRRA, Malaysia, Suresh Sambandam, CEO, KISSFLOW (Founder, Dream Tamil Nadu), M. Arumugam, CEO, Broadline Computer Systems Private Ltd, Tamil Nadu, Elenchezhian Loganathan, CEO, Yaal Exports, Tamil Nadu and Rm Arun, President, SICCI, Tamil Nadu.

Thennarasu said that the members would act as brand ambassadors of Tamil Nadu’s industrial ecosystem and they would be given the mandate to open sub-chapters in their respective countries of residences.

The panel will help the Tamil Nadu government to conduct an annual investment and cultural conclave and the panel members will help the Chief Minister and Industries Minister to conduct physical and virtual meetings with the diaspora in their respective countries.

The panel will connect with the Tamil diaspora and create an online platform for regular interactions.

Big investment push

In July, this year, Tamil Nadu received investment commitments to the tune of Rs 28,508 crore from 49 companies across various segments that will create 83,482 jobs in the state. In an event, organised by the industries department and ‘Guidance Tamil Nadu,’ Stalin laid the foundation stone for nine projects, entailing investments of Rs 4,250 crore that will generate 21,630 jobs.

An official release said 35 Memorandums of Understanding were signed in the presence of the chief minister, with a cumulative investment of Rs 17,141 crore, which would create 55,054 jobs.

General Electric (GE) has proposed to establish a Centre of Excellence to enhance production of aircraft and aeronautical components for industries in the aerospace and defence sector, using advanced manufacturing technologies. While there was no mention of the investment details, the release said an MoU was signed by top executives of GE and Tamil Nadu Industrial Development Corporation Ltd (TIDCO) on Tuesday in the presence of the chief minister.

As per the MoU, the total investments proposed (Rs 28,508 crore) are spread across electronics, auto-components, industrial parks, information technology, manufacturing, food processing, footwear and pharmaceuticals. Guidance Tamil Nadu said it entered into an MoU with American Tamil Entrepreneurs Association to promote start-ups in innovation, research and development in Tamil Nadu. The digital accelerator programme sanctions grants to start-up projects engaged in innovation, Research and Development. The government has sanctioned Rs five crore for this programme.

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