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

With a 9 per cent compounded growth last year, ASSOCHAM suggested that the state needs to take up a slew of policy measures for realising growth. Industrial sector is the major contributor with a share of 30.4 per cent with a growth of 8.7 per cent in the last eight years. Services sector accounted for 61.1 per cent share in SDP. Power in TN is a major concern with a 17.5 per cent deficit last year alone.

Tamil Nadu has attained sixth position amid industrialised states, in attracting seven per cent of the total domestic and foreign committed investments across India, worth over Rs 143 lakh crore as of June 2013.

Over half of the total investment projects (53 per cent) are under implementation, while over 40 per cent are in the announcement stage and of the remaining, implementation of about 2.5 per cent has been stalled and there is no information of over four per cent projects, highlighted the ASSOCHAM paper which was jointly released by  the chamber’s Southern Region Council chairperson, Ravindra Sannareddy, Ravi Wig, Chairman, India-SAARC Business Promotion Council and D S Rawat, National Secretary General, ASSOCHAM.     

The power sector has acquired lion’s share of proposals; about 44.5 per cent with 132 proposals absorbing investments worth over Rs 4 lakh crore thereby clocking YOY growth of over 30 per cent.

Growing at about 5 per cent per annum, the primary sector comprising of agriculture, fishing, forestry and logging contributed about 8.5 per cent of the state domestic product. This portrays that agriculture is increasingly transforming into a failing economic activity in Tamil Nadu.

With a view to achieve and sustain a double digit growth rate in Tamil Nadu, ASSOCHAM has carried out a detailed SWOT analysis and has made the following key suggestions to the state government: development of minor ports, investment strategy, agriculture and services sector.

With the current growth rate and concentrating in the development of above sectors, TN can surely manage to realise double digit growth in coming years.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com