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

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