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

From Assam to West Bengal to Maharashtra, states have been organising global investor meets with several developed countries as partners and road shows spread across the country with Chief Ministers making impressive presentations.


Advantage Assam

Chief Minister of Assam, Sarbananda Sonowal made one such impressive presentation in Chennai on the roadshow titled ‘Advantage Assam’ which dealt with the state’s first investors meet to be held at Guwahati in February. The Chief Minister highlighted several favourable arenas like education, health, tourism, plastics and petrochemicals, river ports, inland waterways, airports and other infrastructure, coupled with attractive tax incentives and capital subsidies. He also held meetings with the Tamil Nadu Producers Council and several other industry leaders. Breitling Bentley Replica Because of the problems of logistics and reach, this eastern-most corner of the country has not seen much industrialisation. However, with special attention given to the north-east, such a promotion is not too far away.


Magnetic Maharashtra...

Maharashtra, the most industrialised state with the richest concentration of investments, will also organise the ‘Magnetic Maharashtra Convergence - 2018,’ in Mumbai from 18 to 20 February. With large business houses concentrated in this state and accounting for the largest share of investments, this investor meet is bound to turn a lot of heads. The added attraction is that it is headed by a BJP Chief Minister and Prime Minister Modi is said to participate in such meets.

Tamil Nadu has been attracting its fair share of handsome investments too. Strong infrastructure, particularly three large ports at Chennai, Ennore and Kattupalli in close proximity to the metro, copious educated manpower and a stable administration, are to be given credit for the same. 


Trendy Tamil Nadu...

The early base laid for the auto industry also helped build large capacities for vehicles and components. The IT and electronics industries have also seen immense growth spurts. The state had organised its first Global Investor Meet in 2015. This got postponed twice but the additional time available was effectively utilised to conduct road shows in over a dozen developed countries. The liberal allocation of Rs100 crore and the dedicated team of officials backed by the then Chief Minister J Jayalalithaa, contributed to the success of the GIM 2015. An estimated Rs 2.4 lakh crore of investments were committed. Due to the demise of Jayalalithaa and the political turmoil that followed, GIM could not held as earlier planned in 2017, though recently the government has announced its plan to hold the GIM in 2018. 

A senior bureaucrat of the rank of Chief Secretary, K Gnanadesikan, has taken charge of industry. KG brings with him a reputation for efficient administration. In his earlier tenures as the CMD-ELCOT, Chairman - TANGEDCO and as Chief Secretary, one can expect work on GIM to gain rapid momentum.

Author :
Reported On :
Sector :
Shoulder :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236