Ad Here  
March
April
May
June
July
August
 
 
Tatas moving out of urea production... Dr C Rangarajan returns to Chennai EVM is tamper-proof Tatas moving out of urea production... TN accounts for the largest recruits by the IT sector Delhi Chalo... Online not in line with brick and mortar businesses... Liberal imports idling indigenous capacities The rise and rise of KCP Alexa – Talking Wikipedia Lesson from Chandrababu Naidu Poor quality of university VCs A think tank for Chennai Tribute – M V Murugappan Welcome thrust on trade in Modi’s foreign visits... Tribute – Manikam Ramaswami Noble nonagenarians... Not just in-laws (and outlaws); they’ve renowned academics at the helm! Kinetic Karnataka Bihar – Nitish Kumar adopts the Lalu model Delhi is distant… Gay abandon in pricing Tribute – UCAL Selvan… Five star activism stalls development activity This scant respect for Law Rs.1600 crore paper board plant of TNPL Which side are you, Montek? Sri Lanka votes for change Quality education through the PPP mode Don’t seem to feel the pulse… MHC should not return to its old indisciplined ways Return to king coal for urea... Rahman at CIC When online building permits work…. Welcome GST Sweeter prospects for sugar Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Fortune for Indian Airlines Delhi returns to BJP The sea- saw battle continues... A glass full of corruption Insurance companies bleeding, yet no decision on increasing FDI limit! Haul over the coal No mega rail project for Tamil Nadu Why land prices zoom in TN? China invests in India Eternal support for capitalisation of PS banks Maximising the micro pricing … How Air-India loses customs... The Gulf aviation boom S V Raju – a ‘good’ true liberal Build close rapport with business leaders He saved millions from starvation... Welcome focus on core competence When small is no larger beautiful.. Infrastructure funding – lessons learnt London, London Narayan The ‘Jayanthi Tax.’ Engineering seats go abegging L&T- the specialty of special purpose vehicles No engine for this car Focus on quality of power - its only around 170-180V Small units prefers to remain small... Preserving for the future Solar thermal shines… Multi-faceted Venkat Secularism and anti-Hinduism West Bengal: mindless malignancy L&T: focus on infrastructure and more infrastructure… ONGC at KG Basin Bihar elections - the Rajaji formula worked The Swadeshi Trump Things happen by accident and not by design... Intellectual of rare qualities Waning interest in public discussions… Discoms deserve better… An inexplicable neglect The Jan Dhan bonanza Revving up the manufacturing sector B H Kothari - a tribute Another Indian music maestro at the UN Lalu’s envy, India’s pride Fuel for thought Solar, solar everywhere … Muffled voices for merit… Computation of GDP – conundrums continue Mersal magnified Land reclamation from sea appears cheaper! Contrarian cousins The rise and fall of Annamalai University Permanent secretariat for TN GIM Polls and promises Where is Rajaji? Wanted: a second airport for Chennai Godspeed, Chief Minister JJ Fall in crude prices help in oil sector reform A C Muthiah – his munificent bequeaths to science More tributes to GR Adharma of opposition politics Plummeting profits of PSBs TELANGANA at last…BUT Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Silver Years of Madras Musings A Grand Finale for SN’s MS centenary at the US… Quality silica from Neyveli Tribute TN – agglomerate land holdings without alienating ownership PPP mode for upgrading Corporation Hospitals A professional at the helm of IRDA... The power-full Hindujas More Shakti to resource mobilisation... When nations steal growth from one another… Making ‘my Amaravati’... Should we change the official year? For whom the MIDS bell tolls? Modi and the lady Paytm karo... Excel Generators provide the vital back-up Moily’s bold thrust Wise Presidents Parliament in paralysis... Fortune 500 review IAS invades NDDB... A yen for wastage… Make standards certification mandatory... A proud Madrasi Robber barons everywhere CIPET hqrs to stay at Guindy – for the present? New IT products of Ramco in the pipeline… Tough task taking states together Poor representation for Kerala and TN in Cabinet IPL type auction for VCs? A friendly business group The nuclear option Revive development banks... Cement prices continue to rise… Marketing expert Balagopal is no more A Grand Finale for SN’s MS centenary at the US… Whistle-Stop Tour of Raghuram Rajan Music happens Russi Mody – a tribute Nuclear power at the nucleus PC’s preference for professionals TIAM turns a full cycle Like Hinduism: many paths to reach God... Adapt Vajpayee dinner diplomacy Of course, Gujarat is vibrant Shanti and Sadhana through Music Boy, can you beat these? GM Technology at last! Tax agriculture A more liberated TN… Breaththrough in malaria control The few handicaps... Modi storms Silicon Valley F C Kohli - his concerns all embracing The star of Spencers is no more S Ramanathan – a versatile musician, musicologist Shale gas and its shallow future The ‘Ayyo-yes’ is no more A welcome initiative by the judiciary An informal presentation - analytical, forward locking... TGS- The king storyteller When TN politicians can emulate Kerala's When Ratan Tata visited SRM Kudos to NDTV... CII projects higher growth… Readers' Mail Colour-Chem’s colourful KRVS Put expensive assets created to use... CRS, a jewel among managers, is no more. Measuring roof tops in terms of KW/MW Mu Sigma – is no more Naidu will soon build a new Hyderabad Convulsions in The Hindu Align crops to agro climate endowments… Valli, they are more marginalised Inflation: are we emulating Argentina and Brazil? WTO Meet: resolved to meet again Shipping woes of Chennai companies Towards speedy justice More heat than light A rich pool of talent not utilised…. Funding the un-funded Cutting the nose to spite the face to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines CSR and CMI: promise of another Srinivasan Ramanujan... Banning booze... Vibrant Gujarat Where a state respects its litterateurs… Pharma – overdose of copying SoA @ 80 Why this malaise in medical education? Editor's Says The brown list of Venkitaramanan Tihar, Puzhal not different from Parappana Agrahara Limit foreign borrowings to hi-tech, export potential projects... Cleaning Ganga – relocate tanneries and install electric crematoria Padma Bhushan for A Ramakrishna Road development slows down No Maha Koottani in TN... GNS - 100: our first subscriber The why of tax incentives Gas is the way forward TN-leverage strength of BHEL, NLC... He continues the focus on social amelioration Kulandai was a giant Building loyalty through the stomach Naidu’s return augurs well for Seemandhra The balancing act More Shakthi to Das’ elbow For whom the bell tolls? Diamond jubilee of Egmore Samskrt School Shaming of Tamils by Tamil farmers at Delhi Odisha: spectacular win by Naveen Patnaik Reliance’s TV – 18 ready to launch Tamil News Channel Auto components surge… Roaring Ro-Ro facility Protest masters... …and of a popular trade leader When the President was rendered homeless… Delhi is distant Welcome changes that testify to Jayalalithaa’s return to health Air Asia India will set new benchmarks for budget travel Medical costs hit the roof... EEC at the National Media Centre Telangana in top gear… IPL - no surprise this scam There was flood of milk. Reason: no milk commissioner! Airlines in India: cost and space The Ports’ Pasha expands into Tamil Nadu Demise of a media baron... Remembering Indira Sivasailam... All eyes on Sankara Nethralaya Streamlining mandatory third party cover Scientists urged to take up farmer-oriented research An enemy’s enemy is a friend Come elections, come advertisements... Strengthen the base... Editor's Notes R Sridhar steps down as CEO of Shriram Capital Sweet news for TN sugar mills Recognition to role of NBFCs.... Increasing non co-operation of state leaders
 
Liberal imports idling indigenous capacities

Prime Minister Modi’s Make in India exhortation makes great sense. The country has capabilities to produce many of its requirements on its own. 

Unfortunately, policymakers do not spend the needed attention to ensure such capacities created are fully utilised. We see the spectacle of a large number of industrial units – steel, power equipment, cement, automobiles... performing to a fraction of their capacities. This depresses interest in investments for creating new capacity.  We have a grim situation.

BHEL recorded huge expansion of capacity to provide 20,000 MW of power equipment per annum. The Tiruchi unit and its satellites had a record production, valued around Rs 20,000 crore, during 2012-13. Other renowned companies like Mitsubishi, Toshiba and Alstom invested on creating capacity for power equipment manufacture that would enable the country to meet demand for such equipment in full.

Yet one witnesses a curious spectacle of China, Korea, Japan and other countries dumping their products into India at lower prices. In recent times we also witness Chinese companies successfully contesting contracts awarded to BHEL in the Madras High Court leading to the cancellation of orders placed on BHEL.

A similar spectacle is witnessed in regard to steel. The industry riding on the post 2000 boom made handsome investments. A capacity for around 115 million tonnes has been created; but simultaneously the clamour for imports has also increased. One witnesses again the sad spectacles of capacity created at great expense remaining under-utilised and exports on the increase.

Consistent with WTO commitments there is need for a mechanism to ensure indigenous industry is provided a measure of encouragement and even protection to perform to capacity. This in due course will lead to investments to expand capacity and hence support the Prime Minister’s Make in India slogan meaningful.

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