The decision to constitute the committee was taken in the February 21 meeting of the BCCI Executive Committee meeting and other members of the committee include Shashank Manohar, Arun Jaitley, Ajay Shirke, KM Ramparsad, RS Shetty, MP Pandove, Niranjan Shah and N Srinivasan (convener).
Special invitees will be Dilip Vengsarkar, Krishnamachari Srikkanth, Navjot Singh Sidhu, Sourav Ganguly, Rahul Dravid and Sachin Tendulkar.
The committee will suggest efficient way of utilisation of resources being developed through the state associations by way of subvention and grants.
The objective is to developing world-class infrastructure from the grass root level and build institutes of excellence in each region.
The panel will also examine the present system of selection of national and state teams, umpires and suggest measures for making them more efficient and foolproof.
The committee will also suggest measures to deal with members who have not yet taken any steps to create infrastructure. It will also recommend steps for distribution of funds to members more equitable.
The committee has been asked to submit its report within four weeks.