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