Ad Here  
May
June
July
August
September
October
 
 
AP in better shape Divide & Prosper Infra boost to the new capital Winds of change... Fanciful Rao and tech-savvy Naidu A year of Telangana Mango Diplomacy State Forward City of foaming lakes and fire Illegal mining of sand Monsoon fury Promise of a productive year Power for all Competing for good: Tale of two states An industrious idea More government apps KNPP with the grid SIPB clears big proposals Doubling production and tripling farmers’ income... Leaky old lorries, mini cabs for techies... Land acquisition policy is ahead of national policy... Municipal Elections Oh, la la. Global Investors Meet Post Poned Industrial corridors to boost economy Time to wake up Of development and welfare With agriculture at its heart... It’s Karnataka chalo for Amit Shah? States - Kerala Vedanta to close Lanjigarh refinery States - Odisha MCL has a taste of judicial activism! Why the Congress won in Karnataka Come to Tamil Nadu where the action is... Reducing carbon footprint... Bringing magic of Rajasthan alive Enticing pest traps MOUs worth Rs.10.54 lakh crore signed KTR releases Annual Report Kochi Metro Rail Project Inter-State boundary Strike over salary hike Wouldn’t the Mahatma like clean restrooms in our cities! When business flocks to MP... Launch of ins vikrant, India’s first indigenous aircraft carrier Global meets galore A neta at it again! Technology has raised the bar... Bus services hit Land scams rock AP & TS TN to suffer serious loss Pioneering education model CII to set up tourism bureaus Miners asked to pay more States Roundup ODISHA State under siege Development depends on land availability... State of the States Bifurcation yet to end water wars Deputy Collector Sindhu! Flurry of collaborations inked by AP Benevolent businessthan... Waste disposal model TN can leverage NLC’s strengths... All these happened in TN… It indeed is attractive for investments Homestays, a budding tourism industry Green crimes galore Tasks for the new government Stirring the political cauldron KCR’s I-day bonanza Lingayats get a reminder: it’s poll time A blueprint for the future Enchanting and enterprising Tamil Nadu A giant push for millets Thalaivaa Infrastructure to the FORE ‘E’ for enterprise Bhubaneswar IIT cries for completion Nod to cow slaughter bill Hype on Hyperloop Info-Park, more space TN to suffer serious loss
 
State Forward
Following Modi’s Gujarat Model, quite a few states, both BJP led and others have started to organise global investors meets. Andhra Pradesh’s N Chandra Babu Naidu and Telangana’s K Chandrasekhar Rao are trying their every bit to outmanoeuvre each other in the race to land every other top MNC in their state. West Bengal, known for its business un-friendly policies and land problems, has plans to host a global meet to attract investments. Karnataka Chief Minister Siddarmaiah invited Tamil Nadu based textile mills to set up shop in his state.

With the economy showing signs of revival, spurt in activity is witnessed across India. Rising labour costs in China proves to be an opportunity for India to attract manufacturing contracts. The Make in India campaign is gaining pace and the time seems opportune to attract investments, both small and large. Every state has hard pinned the notion and are busy projecting their strengths and offerings to lure investors.

The makeover of Madhya Pradesh

Political heads and the administrative honchos from every other state are conducting roadshows across the nation and inviting both business leaders and the media to visit them. Madhya Pradesh recently held a Global Investors’ Meet in which it hosted the who’s who of Indian business along with 28 ambassadors and business delegations from 32 countries. The three-day convention attracted investments worth Rs 1.8 lakh crore for setting up projects in power, cement, telecom, petroleum, mining, food processing, fertilizer and other industries.  Also Rs 1.7 lakh crore investment by the Union government for setting up major projects in mining, steel and energy sectors and the establishment of smart cities have been proposed. The government has bent backwards to assure attractive land rates for companies that offer 50 per cent employment to the locals. Also on cards is a venture capital fund to support startups. MP’s initiative to create a land bank would be of particular attraction to industry, which finds it difficult to source land. Considered as a BIMARU state for its poor growth record till the turn of the decade, Madhya Pradesh has revamped its image and is marching ahead on the road to development.

West Bengal calls for attention

Yet another state that has come out with impressive plans is West Bengal. Labour issues and the bitter experience of Tata Motors have been black marks in the industrial scene of Bengal. Dr Krishna Gupta, Managing Director, West Bengal Investment Development Corporation, pointed to leading companies expanding their facilities in the state. West Bengal has drafted friendly policies to attract investments. Strategising its proximity to South East Asia and North East India, West Bengal boasts of low attrition rates among other states and decreasing labour strikes. “Bengal’s investor-friendly policies have led to attracting Rs 135,000 crore worth of investment proposals in the last three years. Of this Rs 80,000 crore of investments are at various stages of implementation,” said Dr Gupta. The main sectors include cement, steel, edible oil, food processing, gems and jewelry, textile, fertilizer, CBM, plastics... “In the context of the Make in India campaign, the Bengal Global Business Summit slated for 6 - 8 January 2015   assumes significance,” said Dr Gupta. The Summit aims to attract both global and domestic delegates.

1 2 3 4 5 6 7
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