Another iconic family-run business of Chennai, the $ 5 billion turnover Murugappa group, is repositioning the leadership of unit companies aligning these with families. Till recently the group had the senior most family member designated as chairman of the group: in the early stages under AMM Murugappa Chettiar (1902-1965) the group entered into a number of foreign collaborations and emerged a large light engineering conglomerate that was nurtured by AMM, his younger brother AMM Arunachalam and their nephew M V Arunachalam. The chairmanship passed on, in due course, to AMM Arunachalam and thence to M V Arunachalam. During the tenure of MVA, the group expanded through acquisitions of the two-centuries’ old EID Parry. This helped it diversify activities to sanitaryware, fertilizers, sugar, confectionary … The baton passed to MVA’s brother M V Subbiah.
A dream come true.. In 2007 IE organised a day-long seminar on Corridors of Excellence. Impressed with the rail freight corridors of the Delhi-Mumbai and Delhi-Kolkata, the IE seminar suggested a high speed rail corridor between Chennai and Bengaluru. Recently the government has mooted a Chennai-Mysuru high speed rail line to be
The presence of vehicle makers and port connectivity make the state the perfect choice. Last month, TN Chief Minister Edappadi Palaniswami inaugurated CEAT Tyres’ new manufacturing unit near Sriperumbudur. It will be CEAT’s sixth factory in India and is expected to help the company serve incremental orders in the car and two-
Five years ago, we knew we were going to encounter at least three monstrous waves: the adoption of the BSVI norms, migration to electric vehicles and the way we will deal with mobility. I have confidence that the industry’s leadership and indeed, its mechanisms will adapt, survive and navigate these
In the new-India, each state in the true spirit of healthy federalism competes with the other to perform better. As India gets ready to step into Industry 4.0, we need to realise that the quantum leap cannot be restricted to industry alone. If the city around us does not make
Ideally, Tamil Nadu is where more investors should be pouring in their money. Rail, road, port, air and surface transport in abundance provide for easy mobility, while the surfeit of high-quality educational institutions and top-notch hospitals and handsome incentives complete the circle of comfort. If there is one state that global
IITM to lead govt’s 5G plans As the world embarks on fifth generation technology, Arun Jaitley, during the budget session 2018, announced that the Department of Telecom will establish an end-to-end testing laboratory in partnership with IIT-Madras, so the country can adopt and master the inevitable technological advances that have already