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