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

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