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