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

Industry Minister P Thangamani said that the Government of Tamil Nadu in the last 18 months has attracted 17 major projects with an investment commitment of over Rs.26,625 crore, offering direct and indirect employment potential to over 1.46 lakh persons. Tamil Nadu has over 8.26 lakh MSME registered industrial units providing employment to about 5.3 million persons. Tamil Nadu houses 344 Japanese companies doing business here accounting for 37 per cent of total Japanese companies operating in India. 

Rural Industry Minister P Mohan said the interaction of MSMEs to establish personal contacts and explore opportunities between Tamil Nadu and Japan in all the 32 districts of Tamil Nadu is a welcome move and the government has launched a new scheme called NEEDS 2012-13 to encourage educated youth for entrepreneur training, assistance to prepare their business plans and helping to tie up with financial institutions to set up new business ventures, besides linking them with major industrial clients.

Prof. N Krishnaswami, President, Indo Japan Chamber of Commerce, and Masanori Nakano, Consul General of Japan said India is the most promising country for long term investments. India will capitalise on the opportunity by improving power situation and putting in place faster and transparent compliance environment. Japan is the fourth largest investor in India with over $13.8 billion invested between April 2000 and November 2012.

Skill council for leather sector

The 28th Edition of the popular India International Leather Fair was organised in Chennai by India Trade Promote Organisation (ITPO) and the Council for Leather Exports (CLE). Around 425 exhibitors from India and 22 other countries were part of the event. 
Rita Menon,Chairperson and MD of ITPO and Rajendra K Jalan , Chairman, CLE, said the leather industry has aggressively been expanding to newer markets as part of the de-risking strategy. However, conventional export destinations like Europe and US will remain major markets due to their high consumption levels.
The Leather Council would be taking up a major skill development programme. An entity called Leather Sector Skill Council has been formed under the aegis of National Skill Development Corporation to address the problem of shortage of trained manpower. 
The Central government is expected to provide a grant of Rs 6 crore and a soft loan about Rs 5 crore. Besides, Council for Leather Exports will contribute about Rs 1 crore for this initiative. The leather sector is one of the focus sectors of the foreign trade policy and has an annual turnover of $7.5 billion.

INDO US trade crosses $100 billion

Generating an additional billion dollar two-way trade with Indian companies seeking US entry was the theme of the workshop conducted by MCCI. 
The workshop featuring US business experts and attorneys was aimed at providing information and personal coaching to Indian companies and entrepreneurs about how to succeed at doing business in the United States. 
Expert advisors and attorneys helped the Indian companies, entrepreneurs and investors develop customised strategy for their company and for their specific needs. Trade between the two nations is expected to cross the $100 billion mark this year.                                

 


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