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