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Curbing steel imports will hurt small business... Business Breif Carrefour’s quick exit Climate change may change the way businesses work... Indian Bank – global businesses crosses Rs 3 lakh crore... Airlines wage price war Three more leather clusters… Innovation that helped Chennai port Schwing Stetter India joins hands with US-based Gomaco Applauding enterprise... Hero Motocorp - smooth ride TCS’ revenues cross Rs 100,000 crore ALL – truck industry is recovering from degrowth Placing the right shoe forward... TiE applauds innovative entrepreneurs Purdue and IIT-M sign the dotted line Investor friendly Japan Big-ticket investments march towards Punjab ISRO's 100th mission Dynamic e-commerce scenario Ridley marathon to India Apple maps – finding its way Downsizing spree... Holiday Inn opens in OMR Chennai Waste, a gold mine Gem of social service... Illicit markets a concern to growing economy Realty sector takes a break... Blue Star plans a new plant in south Secured NCDs from Shriram City IFCI to raise NCDs upto Rs 2000 crore TVS Logistics – another acquisition to sharpen the business model Creating Tamil Nadu Banana brand TOP 10 CEO Compensation ECGC expands operations Sun Edison launches solar pumps Strategy war escalates between Hero and Honda STFC raises money ALL to launch electric busses An aerospace-defence cluster in Tamil Nadu… Scoot offers just Rs.13,500 to ANZ... SumInfra- corridor based development... Auto test tracks launched at GARC Oragadam campus Tata Steel commence operations at Kalinganagar WABCO’s second Chennai plant Research needs more funding TII-challenging year with flat growth Inclusive and forward moving... Steel loses its sheen Chennai to get a roundabout Metro TN budget pragmatic and moderate on fiscal deficit More gensets and diesel engines from TAFE Make way for the new and dynamic railways When Centre visits the state Bridging the skill deficit in pharma industry Backpack laboratory Is Indian telecom industry heading for a monopoly? Smart controls for cooling large multi-zone spaces ... Economic issues take a back seat at G20 summit ALL-two launches in a row Chola MS launches motor app On the ‘milky’ way Veritas Finance- financing the unfinanced Housing Innovation Challenge, 2015 The new look- 4s Verna Murugappa- a year of consolidation AirAsia India infuses funds to fight out competition OBO Bettermann for better lightning protection Brand leaders come forward... Hyundai excites again Flexible labour laws… TII’s single largest investment at Thiruthani Chola MS net crosses 100 crores Towards peace of mind Adding Zest to Scooty Celebration time at MS Chola CUB: towards card-less withdrawal World labour laws at a glance European crisis is a global crisis! Durga - India’s largest blast furnace; now operational Digital retail transactions stabilise at higher level… Chennai Port is at last decongested! LVB gears to become a financial supermarket Well-refined – RIL’s refinery margins zoom People Flow Day- Safety Celebrating 180 years of relevance - Four daughters and a proud father Rating of states to be released soon BRICS development bank Striking cords for 25 years… Time to fast-pace the logistics sector Indigo stays leader with 40 per cent share Changing dynamics in human resource management Connecting the unconnected Chennai will soon get its World Trade Centre Need to focus on ease of doing business... Pharma market dozes Nothing to hide... Business Briefs Techies trip to India Nigeria comes nearer A global plastic event in India Economic, business and social sustainability Automotive Vision Plan II... Reality bytes Industry-well poised to invest on expansion Realising double digit growth in Tamil Nadu An American alliance in the chemical industry? Focus on self-certification and third party inspection
 
Rating of states to be released soon

Though Tamil Nadu lacks in natural resources, its manufacturing sector is quite strong. With problems of power, increasing land and labour costs, the state had missed its competitive edge.

Madras Chamber of Commerce and Industry along with Athena Infonomics have done a detailed study interacting with industries on several operational issues that affected businesses. Major concerns of the industry include the Factories and Contract Labour Acts and the various issues related to tax assessment. “The report is prepared with inputs from industries in the automobile, textile, chemicals and leather and pharma,” said Deepa Karthykeyan, director, Athena Infonomics.

Arun Maira, member, Planning Commission, unveiling the report suggested that the chambers should bring together all stakeholders on a common platform and discuss finding a solution to issues rather than requesting for new laws.

Planning Commission, with the help of some consulting firms, are preparing a detailed report on the ease of doing business in each state in India. “Based on the survey report the states are mapped on a spider diagram. This will help a state to assess its position with respect to various parameters and will point to things that they need to improve,” said Maira. The rating is to be done every year and it will help assess which state has taken steps to improve itself in comparison to the previous year.

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