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