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