Ad Here  
Weaving wealth of western Tamil Nadu Low profile moves Need plan over the long term planning TN - so much to offer... Public investments and welfare will surge Little surplus after salaries, subsidies and debt servicing Focus on southern TN... Better relations with UK... Babes In the wood-RBI North block has little clue to curb inflation Reform this licence to…kill CAD and the emergency thereof Jobs - Lost, Changed or Gained Sowing seeds of hope Make way for Make in India... Miles to go... Cleansing Indian retail Need for radical RBI reform Chennai Airport-Ready for a rapid take off... They add lustre to Padma Awards Land, land everywhere, but... Industry can’t get it from Mars, yet 1800 parties registered with EC – Less than 60 contest elections Truce at Kasturi Buildings If not Tamil Nadu, where else? An eco-friendly commute in Mysuru Healthy finances of the Chennai Corporation BJP can now hasten its thrust for reforms Wanted: decentralised financial system A blueprint for the future Sardar Sarovar – the seventy year itch A gratifying record A dual GST that will protect prosperous states Ganesh’s mantras Policy Makers Technology and economic development should be linked PC please be our Santa Welcome move to widen the tax net… Tryst with GST CSR, tech revolution and bank crisis A historic indirect tax reform Rail-road Rajaraman Welcome Measures. Work for 10X Change Indian GST – Between extremes… You too T M Krishna? The deluge and the several kindly souls An eventful week with VVIPs of Delhi Star of the South Sustainably developing manufacturing sector… Welcome rains for damaged roads... Much can be done by us Trail-blazing Tamil Nadu Much ado about nothing Focus on agriculture and human resources Tax evaders’ get out of Jail-Free Card Research for survival... A tale of two Bihar babus Babes In the wood-RBI North block has little clue to curb inflation A Fine division of responsibilities Breaking news or breaking credibility? Pool energy prices What the big B should offer? In the horns of a dilemma When the examiner cheated... Why (not) abolish? Economy through the month MS Installed No groundnuts in groundnut oil! Skewed Economic Zones? Well-administered State Two welcome measures from the chief minister... How will it PAN OUT Deming awardees galore! South India’s 100 most valuable companies Why throw baby with bath water? INDIA keeps its date with destiny After all, customer is the king Kudos to GIM organisers... Oh my GOLD Outward ho Strategic planning the missing link It’s raining funds for states. Really? The Great Fall
A blueprint for the future
R SESHASAYEE Vice Chairman, Ashok Leyland (AL), talks about four major factors that would drive industry, markets and society.
R SESHASAYEE Vice Chairman, Ashok Leyland (AL), talks about four major factors that would drive industry, markets and society.

Driver 1: Future is in digitisation

The future is going to be heavily influenced by digitisation. To ensue that it does not turn out to be disruptive, we must aggressively look at the opportunities and get prepared for it. Digital India is easier to happen at the state level and Tamil Nadu is much more ready as a state to embrace it than most others.
This change will be driven by the quality and extent of education and skills. From the HDI point of view, Tamil Nadu is in the top quartile leading in social indicators like literacy, health, etc. This places us at the vanguard to take forward the digital revolution. The key is broadband penetration and connectivity. This will require massive private investment. For B2B connectivity government support may not be needed but G2C will require government intervention. Provision of all government information and services to the entire population will be an exciting change that would prepare us for the future.

Tamil Nadu tops with 38 lakh Internet subscribers. It has the highest wireless telephone density among the large states. Together these provide an opportunity to offer smart services through mobile phones.

Driver 2: March to the future is through urbanisation

We can learn from history on how cities were planned for the future, on how development has brought up ripple effects and how the ripple effect had led to a ribbon effect, connecting nearby places. We need planned urbanisation and direct migrants to nearby urban centres, offering them the right kind of livelihood and basic infrastructure. By providing connectivity between the cities and making them large commercial centres, we can make urbanisation a great opportunity.

FACT FILE: Tamil Nadu is the top urban state with 48.45 per cent of its population living in urban areas. From 34 per cent in 1991 the extent of urbanisation has risen to 48 per cent. By 2030, this is expected to reach 67 per cent.

Driver 3: Future is services

In the coming years one will see lot more of automation and robotics. As GDP grows globally, demand for services will explode-Tamil Nadu has a clear advantage to be a global service hub. We have to envision ourselves as an efficient state for providing a variety of services across the globe-for accounting, healthcare and information-thereby pushing global companies to come and set shop in the state. Already a basic level of activity is happening: we have the World Bank and large MNCs running their accounting services here.

FACT FILE: In the last 10 years, the share of primary sector in GSDP declined to 7.76 per cent in 2013-14 from 11.87 per cent in 2004-05; the share of the secondary sector has been hovering in a range between 28 and 31 per cent and the share of the tertiary sector has expanded to 63.70 per cent from 57.23 per cent. Thus, the state economy has decisively become services-led.

Driver 4: The ability to innovate and continually push knowledge frontiers...

People coming out with new ideas to solve problems will drive the future. This will require an academic environment like Stanford and Silicon Valley. We need an ecosystem to develop these and to focus on innovation. In the current Internet world it is the idea that is being valued. The state should endeavour to become the crucible for ideas. Not just for business, but also science, in solving human problems, nurturing an academic infrastructure, in innovation for and in attracting the brightest talent to come and innovate.

FACT FILE: The IIT-Madras, to foster research and innovation, has developed the IITM Research Park. It is a place where industrial problems are solved by involving the best of brains from IIT-M. The research park’s first building is filled to capacity. With Saint Gobain as the anchor company, the second building is also becoming operational.
Author :
Reported On :
Sector :
Shoulder :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236