New Delhi: The appointment of a board of world-renowned economic experts was the basic plan for Tamil Nadu to achieve the status of the most favorable investment destination in South Asia, the chief minister said on Wednesday MK Stalin. After attending the 10 millionth car launching ceremony at the Sriperumbudur plant of Korean automaker Hyundai Motor India, Stalin said the Economic Council’s appointment had “inspired confidence between industries” in addition to attracting global media attention.

“It (the committee of economic experts) is the basic plan of the vision to make Tamil Nadu the most favorable investment destination in South Asia. Several economic experts have welcomed the government’s decision,” he said. -he declares.

Governor Banwarilal Purohit, in his first address to the Tamil Nadu assembly after the DMK formed the government in May, said that an economic advisory board to the chief minister would be formed, made up of experts, including Nobel laureate Esther Duflo, former RBI governor Raghuram Rajan, former chief economic adviser Aravind Subramanian, among others.

Stalin said the government would work on the basis of the recommendations made by the Council to ensure that the state achieves comprehensive development.

Explaining the strategy behind his plan, Stalin said the government had started working to ensure multisectoral development in the state, the creation of new industries, the creation of new jobs in the regions where the companies had established themselves.

“A favorable atmosphere must be created to attract business investment,” he said.

“During the previous DMK regime (in 1998), we made Chennai the ‘Strait’ of India in terms of the number of cars produced. Now we need to make Tamil Nadu achieve comprehensive economic development in the country, ”he said.

As Hyundai Motor India reached its plant’s 10 millionth car launch, Stalin said it was a huge achievement as the automaker became the second largest automaker in a short period of time and also a leader in automotive exports.

“Till date, Hyundai Motor has shipped 31.3 lakh of car units to 88 countries. Not only has Hyundai grown, but they have also ensured the growth of industrial activity in Tamil Nadu,” he said. -he declares.