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

Though Tamil Nadu lacks in natural resources, its manufacturing sector is quite strong. With problems of power, increasing land and labour costs, the state had missed its competitive edge.

Madras Chamber of Commerce and Industry along with Athena Infonomics have done a detailed study interacting with industries on several operational issues that affected businesses. Major concerns of the industry include the Factories and Contract Labour Acts and the various issues related to tax assessment. “The report is prepared with inputs from industries in the automobile, textile, chemicals and leather and pharma,” said Deepa Karthykeyan, director, Athena Infonomics.

Arun Maira, member, Planning Commission, unveiling the report suggested that the chambers should bring together all stakeholders on a common platform and discuss finding a solution to issues rather than requesting for new laws.

Planning Commission, with the help of some consulting firms, are preparing a detailed report on the ease of doing business in each state in India. “Based on the survey report the states are mapped on a spider diagram. This will help a state to assess its position with respect to various parameters and will point to things that they need to improve,” said Maira. The rating is to be done every year and it will help assess which state has taken steps to improve itself in comparison to the previous year.

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