Ad Here  
May
June
July
August
September
October
 
 
A Grand Finale for SN’s MS centenary at the US… The Swadeshi Trump Odisha: spectacular win by Naveen Patnaik A more liberated TN… Build close rapport with business leaders Colour-Chem’s colourful KRVS New IT products of Ramco in the pipeline… No Maha Koottani in TN... This scant respect for Law …and of a popular trade leader Revive development banks... Don’t seem to feel the pulse… A think tank for Chennai Boy, can you beat these? S Ramanathan – a versatile musician, musicologist Marketing expert Balagopal is no more EVM is tamper-proof Auto components surge… Reliance’s TV – 18 ready to launch Tamil News Channel There was flood of milk. Reason: no milk commissioner! He saved millions from starvation... Building loyalty through the stomach B H Kothari - a tribute Russi Mody – a tribute Tribute – M V Murugappan CII projects higher growth… Contrarian cousins No mega rail project for Tamil Nadu A Grand Finale for SN’s MS centenary at the US… Fall in crude prices help in oil sector reform Engineering seats go abegging Silver Years of Madras Musings Put expensive assets created to use... Of course, Gujarat is vibrant Protest masters... The brown list of Venkitaramanan IPL type auction for VCs? L&T: focus on infrastructure and more infrastructure… For whom the bell tolls? Permanent secretariat for TN GIM ONGC at KG Basin China invests in India Tribute MHC should not return to its old indisciplined ways Remembering Indira Sivasailam... Modi storms Silicon Valley Lesson from Chandrababu Naidu Bihar – Nitish Kumar adopts the Lalu model Gay abandon in pricing CRS, a jewel among managers, is no more. A friendly business group Paytm karo... Alexa – Talking Wikipedia S V Raju – a ‘good’ true liberal Editor's Notes More tributes to GR Road development slows down An enemy’s enemy is a friend Secularism and anti-Hinduism The rise and fall of Annamalai University SoA @ 80 Welcome thrust on trade in Modi’s foreign visits... The ‘Ayyo-yes’ is no more Multi-faceted Venkat Air Asia India will set new benchmarks for budget travel Increasing non co-operation of state leaders When TN politicians can emulate Kerala's The few handicaps... Readers' Mail Shanti and Sadhana through Music Sri Lanka votes for change Roaring Ro-Ro facility Polls and promises Sweet news for TN sugar mills No engine for this car Mersal magnified Making ‘my Amaravati’... Wanted: a second airport for Chennai Nuclear power at the nucleus London, London Narayan Shipping woes of Chennai companies Lalu’s envy, India’s pride Eternal support for capitalisation of PS banks Haul over the coal All eyes on Sankara Nethralaya Moily’s bold thrust Pharma – overdose of copying The nuclear option Bihar elections - the Rajaji formula worked Cutting the nose to spite the face Sweeter prospects for sugar Small units prefers to remain small... Align crops to agro climate endowments… Intellectual of rare qualities Kudos to NDTV... Muffled voices for merit… A rich pool of talent not utilised…. Modi and the lady The power-full Hindujas Delhi returns to BJP Funding the un-funded GM Technology at last! Adharma of opposition politics Should we change the official year? Kulandai was a giant When Ratan Tata visited SRM More Shakthi to Das’ elbow Padma Bhushan for A Ramakrishna Demise of a media baron... Waning interest in public discussions… Convulsions in The Hindu Cement prices continue to rise… Kinetic Karnataka Quality silica from Neyveli The ‘Jayanthi Tax.’ Shale gas and its shallow future A C Muthiah – his munificent bequeaths to science Fortune 500 review Which side are you, Montek? Insurance companies bleeding, yet no decision on increasing FDI limit! Parliament in paralysis... TN – agglomerate land holdings without alienating ownership Mu Sigma – is no more Things happen by accident and not by design... A yen for wastage… Delhi is distant… TGS- The king storyteller The Gulf aviation boom Telangana in top gear… Airlines in India: cost and space The Jan Dhan bonanza Robber barons everywhere Five star activism stalls development activity Welcome changes that testify to Jayalalithaa’s return to health Inflation: are we emulating Argentina and Brazil? Plummeting profits of PSBs The star of Spencers is no more Scientists urged to take up farmer-oriented research Breaththrough in malaria control Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Fortune for Indian Airlines Delhi is distant A glass full of corruption Where is Rajaji? Tax agriculture When nations steal growth from one another… Rs.1600 crore paper board plant of TNPL Solar thermal shines… More heat than light Make standards certification mandatory... Tough task taking states together Where a state respects its litterateurs… CIPET hqrs to stay at Guindy – for the present? 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 Fuel for thought Tatas moving out of urea production... Liberal imports idling indigenous capacities EEC at the National Media Centre Valli, they are more marginalised Land reclamation from sea appears cheaper! Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated TN-leverage strength of BHEL, NLC... IAS invades NDDB... The Ports’ Pasha expands into Tamil Nadu PPP mode for upgrading Corporation Hospitals West Bengal: mindless malignancy Quality education through the PPP mode Return to king coal for urea... Noble nonagenarians... WTO Meet: resolved to meet again A welcome initiative by the judiciary The why of tax incentives Tatas moving out of urea production... Excel Generators provide the vital back-up Banning booze... A proud Madrasi Vibrant Gujarat Rahman at CIC An inexplicable neglect A professional at the helm of IRDA... Naidu will soon build a new Hyderabad When online building permits work…. Diamond jubilee of Egmore Samskrt School Tribute – Manikam Ramaswami Welcome focus on core competence Discoms deserve better… Cleaning Ganga – relocate tanneries and install electric crematoria Solar, solar everywhere … An informal presentation - analytical, forward locking... Tihar, Puzhal not different from Parappana Agrahara Towards speedy justice Computation of GDP – conundrums continue Welcome GST Why this malaise in medical education? Naidu’s return augurs well for Seemandhra When the President was rendered homeless… Whistle-Stop Tour of Raghuram Rajan More Shakti to resource mobilisation... Streamlining mandatory third party cover Maximising the micro pricing … Preserving for the future Focus on quality of power - its only around 170-180V Infrastructure funding – lessons learnt Revving up the manufacturing sector L&T- the specialty of special purpose vehicles Music happens Limit foreign borrowings to hi-tech, export potential projects... Recognition to role of NBFCs.... Dr C Rangarajan returns to Chennai Come elections, come advertisements... Editor's Says Online not in line with brick and mortar businesses... Measuring roof tops in terms of KW/MW The sea- saw battle continues... TIAM turns a full cycle For whom the MIDS bell tolls? Shaming of Tamils by Tamil farmers at Delhi The rise and rise of KCP Gas is the way forward Why land prices zoom in TN? Strengthen the base... IPL - no surprise this scam Poor representation for Kerala and TN in Cabinet Not just in-laws (and outlaws); they’ve renowned academics at the helm! The balancing act Another Indian music maestro at the UN Adapt Vajpayee dinner diplomacy Godspeed, Chief Minister JJ GNS - 100: our first subscriber Medical costs hit the roof... Poor quality of university VCs TN accounts for the largest recruits by the IT sector R Sridhar steps down as CEO of Shriram Capital PC’s preference for professionals Wise Presidents Tribute – UCAL Selvan… CSR and CMI: promise of another Srinivasan Ramanujan... How Air-India loses customs... F C Kohli - his concerns all embracing Like Hinduism: many paths to reach God... When small is no larger beautiful.. He continues the focus on social amelioration Delhi Chalo... TELANGANA at last…BUT
 
Put expensive assets created to use...
TAMIL NADU has the reputation of attracting investments in large industrial and infrastructure projects. This was the result of the strong base laid in the 1950s and 1960s by the leadership provided by K.Kamaraj, R Venkataraman and C Subramaniam. The advantage of good infrastructure and the focus on power were big help. Disappointingly, the over-emphasis of the Dravidian parties on the distribution rather than creation of wealth, has dented the reputation of the state. Tamil Nadu has been neglecting power development for two decades and presently is in the midst of a severe power crisis. Post 2000, the IT sector received a big boost. Presently, this appears to have suffered a slowdown. High cost of real estate, compounded by recent huge hike in property tax proposed by the Corporation, are dimming the prospects.

Times of India recently featured several large buildings like the new Secretariat building and the new Rajiv Gandhi General Hospital complex built at a cost of a couple of thousand crores of rupees, kept idle.

The state has several other such issues like the NHAI elevated road project being built along the Cooum River getting stalled. There have been humongous losses suffered on stalling these projects of great value to the metro.

The average citizen is already reeling under the weight of inflation. Items of daily consumption including food, fruits and vegetables, house rent, transportation, power, have all been registering frequent and steep increases. Should the government be insensitive to the burden caused by time overruns, delays and idling of expensive facilities? There is urgent need for a much higher degree of cost economics on the part of policymakers.

Why can’t leverage the strengths of Central projects?

THE STATE has not been supportive of large Central-sector projects that have been making huge contributions to employment and state revenues. BHEL, Neyveli Lignite Corporation and Chennai Petroleum Corporation provide large employment and handsome revenues to the state. In fact, for nearly five decades, Neyveli has been providing cheap power in large volumes. NLC has handsome resources and is financially strong. Its proposal for expansion at Jayamkondam with an investment of over Rs 18,000 crore has been hanging fire for two decades. Coal Minister Sriprakash Jaiswal is busy with a Rs 20,000 crore (4000 MW) thermal plant in his constituency Kanpur in UP, with NLC pumping in Rs 6000 crore. Andhra Pradesh and Karnataka have been effectively leveraging the large presence of BHEL in their states to set up joint venture power projects. Unfortunately, such a JV between BHEL and TANGEDCO for setting up a 1600 MW power project at Udangudi was dropped.
1 2 3
Author :
Reported On :
Sector :
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