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

With the Automotive Vision Plan I that envisaged a 145 billion USD turnover, 35 million employment and a 10 per cent of GDP by 2016, the auto industry stands midway in achieving these plans by 2016. “We have reached 78 billion USD turnover, around 29 million in employment and it contributes around 7.5 per cent to GDP. Recession and a staggering rupee have affected the expected growth,” said Ambuj Sharma, Additional Secretary, Department of Heavy Industry, Government of India. The National Automotive Testing, a state-of-the-art facility is under construction at Oragadam at a cost of Rs 700 crore. This will facilitate the testing of safety and speed of powertrains. Another high speed track is to come at Indore in 2 years which can test upto 250 km/hr and will be used mainly for R&D. The government is to unveil the electric mobility policy by 01 April 2015 that will provide several incentives to fully electric or hybrid vehicles. The Indian market is expected to expand to 6-7 million electric vehicles by 2022.

 

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