TN investors meet may be affected by Jaya’s absence

Political uncertainty does not lift the sentiments of the industrialist and it was visible in the event on global investors meet

shivani

Shivani Chaturvedi | February 16, 2015 | Chennai


#Jayalalithaa   #Tamil Nadu   #GIM   #Chennai   #Global Investors Meet  

Will J Jayalalithaa’s absence from administration affect the progress of Tamil Nadu?

There is real danger of halting industrial development in TN and the first test is just over three months away. But an indication of future became apparent on Saturday.

The state is hosting its first-ever Global Investors Meet (GIM) on May 23 and 24. A curtain raiser event for the GIM was held on Saturday. The event, however, turned out to be a low key affair with not many industrialists participating in it.

 A few of the city-based industrialists with whom Governance Now spoke to expressed serious concern and uncertainty that looms over the GIM.

With former chief minister J Jayalalithaa not in picture and a resultant political uncertainty in Tamil Nadu is making the industries to feel uncomfortable, said a city-based businessman P Krishnan. He said the neighbouring Andhra Pradesh seems to be more proactive and it is getting a lot of investments.

“What I understand is Andhra Pradesh is setting up industry zone, which is around fifty to sixty kms north of Chennai (the area is near AP-Tamil Nadu border). The AP government is inviting people to set up industry there,” he said.

Another industrialist on the condition of anonymity, said, “with J Jayalalithaa not around, there is some uncertainty. I wonder how the state would make this mega event a success.”

Meanwhile, minister for electricity, prohibition and excise N R Viswanathan has urged entrepreneurs to participate at the Global Investors Meet. He held out incentives for the local entrepreneurs. The minister said that the incentive package available to foreign investors will be available for local entrepreneurs too, depending on the investment in a project.

The GIM aims to attract an additional investment of Rs 1,00,000 crore. It will have 12 focus sectors - auto and auto components, textiles, food and agro business, aerospace, biotech and pharma, chemical and petroleum, electronics and hardware, heavy engineering, infrastructure, IT and ITeS, renewable energy and skill development.

Comments

 

Other News

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Vasudhaiva Kutumbakam: How to connect businesses with people

7 Chakras of Management: Wisdom from Indic Scriptures By Ashutosh Garg Rupa Publications, 282 pages, Rs 595

ECI walks extra mile to reach out to elderly, PwD voters

In a path-breaking initiative, the Election Commission of India (ECI), for the first time in a Lok Sabha Election, has provided the facility of home voting for the elderly and Persons with Disabilities in the 2024 Lok Sabha elections. Voters above 85 years of age and Persons with Disabilities (PwDs) with 4

A fairly reasonable way to solve problems, personal and global

Reason to Be Happy: Why logical thinking is the key to a better life By Kaushik Basu Torva/Transworld, 224 pages

Is Nano-DAP a Catalyst for India’s Green Growth?

Nano Diammonium Phosphate, or Nano-DAP, is a revolutionary agricultural input that holds immense potential for transforming farming practices across varied agro-climatic zones in India. This innovative product is a nanoparticle-based formulation of diammonium phosphate, a widely used fertilizer in the agri

“Everyone, especially every woman, should’ve liberty of being themselves”

In February this year, yet another glass ceiling was broken, when Captain Shweta Singh became the first woman chief flight operations inspector (CFOI) at the Directorate General of Civil Aviation. Back then, in a social media post, Captain Singh had written: “The opportunity humbles me

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter