Ad Here  
A global plastic event in India ALL-two launches in a row Adding Zest to Scooty Automotive Vision Plan II... Changing dynamics in human resource management ECGC expands operations Durga - India’s largest blast furnace; now operational TOP 10 CEO Compensation Holiday Inn opens in OMR Chennai Apple maps – finding its way TII-challenging year with flat growth ALL to launch electric busses Realty sector takes a break... Sun Edison launches solar pumps Backpack laboratory Nothing to hide... Chennai will soon get its World Trade Centre Well-refined – RIL’s refinery margins zoom Curbing steel imports will hurt small business... Applauding enterprise... Blue Star plans a new plant in south Indian Bank – global businesses crosses Rs 3 lakh crore... Inclusive and forward moving... Placing the right shoe forward... Business Briefs Nigeria comes nearer Celebration time at MS Chola Economic issues take a back seat at G20 summit Make way for the new and dynamic railways Brand leaders come forward... An aerospace-defence cluster in Tamil Nadu… TVS Logistics – another acquisition to sharpen the business model Purdue and IIT-M sign the dotted line LVB gears to become a financial supermarket Downsizing spree... Celebrating 180 years of relevance OBO Bettermann for better lightning protection SumInfra- corridor based development... Airlines wage price war WABCO’s second Chennai plant Pharma market dozes TN budget pragmatic and moderate on fiscal deficit Ridley marathon to India Indigo stays leader with 40 per cent share Strategy war escalates between Hero and Honda Realising double digit growth in Tamil Nadu Striking cords for 25 years… Economic, business and social sustainability Carrefour’s quick exit AirAsia India infuses funds to fight out competition Scoot offers just Rs.13,500 to ANZ... Schwing Stetter India joins hands with US-based Gomaco Connecting the unconnected Business Breif Chola MS launches motor app BRICS development bank People Flow Day- Safety Hero Motocorp - smooth ride Murugappa- a year of consolidation Innovation that helped Chennai port When Centre visits the state Hyundai excites again Flexible labour laws… TiE applauds innovative entrepreneurs ISRO's 100th mission Focus on self-certification and third party inspection Waste, a gold mine Veritas Finance- financing the unfinanced Four daughters and a proud father Reality bytes Steel loses its sheen Chennai Port is at last decongested! Gem of social service... On the ‘milky’ way World labour laws at a glance Techies trip to India Secured NCDs from Shriram City Bridging the skill deficit in pharma industry Towards peace of mind European crisis is a global crisis! IFCI to raise NCDs upto Rs 2000 crore CUB: towards card-less withdrawal STFC raises money Digital retail transactions stabilise at higher level… TCS’ revenues cross Rs 100,000 crore An American alliance in the chemical industry? Creating Tamil Nadu Banana brand Research needs more funding Auto test tracks launched at GARC Oragadam campus Rating of states to be released soon TII’s single largest investment at Thiruthani Big-ticket investments march towards Punjab Industry-well poised to invest on expansion Tata Steel commence operations at Kalinganagar Smart controls for cooling large multi-zone spaces ... The new look- 4s Verna Climate change may change the way businesses work... Chola MS net crosses 100 crores Need to focus on ease of doing business... Investor friendly Japan Time to fast-pace the logistics sector Housing Innovation Challenge, 2015 Chennai to get a roundabout Metro More gensets and diesel engines from TAFE Dynamic e-commerce scenario ALL – truck industry is recovering from degrowth Illicit markets a concern to growing economy Three more leather clusters… - Is Indian telecom industry heading for a monopoly?
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 :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236