150 acres of Industrial/Agricultural Land needed in Chennai-Trichy Belt

Isgec John Thompson (IJT), a division of Saraswati Industrial Syndicate Ltd and Foster Wheeler North America Corporation, US, is planning to set up a manufacturing facility for sub-critical and super-critical boilers in Tamil Nadu.

The greenfield project is likely to see an investment of around ' 800 crore.

"We are looking for around 150 acres of land in the Tiruchy-Chennai belt. This is our priority stretch. If we are unable to get the land, our second option will be the Dahej special economic zone in Gujarat," said SP Singh, senior vice president – marketing, IJT.

The company already has a manufacturing facility in the Dahej SEZ. The proposed plant will have an initial annual capacity of 4,000 Mw and can be increased to 8,000 Mw.

If you have this land, please contact for mutual benefit. We (Chennai247.com) are publishing this news for the benefit of Chennai and its improvement.

If we don't act soon, we will loose the industrial opportunity, employment opportunity to Gujarat.

150 acres of Industrial/Agricultural Land needed in Chennai-Trichy Belt

Isgec John Thompson (IJT), a division of Saraswati Industrial Syndicate Ltd and Foster Wheeler North America Corporation, US, is planning to set up a manufacturing facility for sub-critical and super-critical boilers in Tamil Nadu.

The greenfield project is likely to see an investment of around ' 800 crore.

"We are looking for around 150 acres of land in the Tiruchy-Chennai belt. This is our priority stretch. If we are unable to get the land, our second option will be the Dahej special economic zone in Gujarat," said SP Singh, senior vice president – marketing, IJT.

The company already has a manufacturing facility in the Dahej SEZ. The proposed plant will have an initial annual capacity of 4,000 Mw and can be increased to 8,000 Mw.

If you have this land, please contact for mutual benefit. We (Chennai247.com) are publishing this news for the benefit of Chennai and its improvement.

If we don't act soon, we will loose the industrial opportunity, employment opportunity to Gujarat.

Economy of Chennai as of Jan 2010 - a reality check

Please see my previous article about people in chennai and their classification based on salaries. That should tell about the different kinds of people in Chennai.

I have written a similar article in April of 2009 for Economy of Chennai - a reality check in 2009.

At any case - let us check the status now:

One major complaint in Chennai economy is there is no major manufacturing divisions started up. Anything started up recently are retail outlets, refined grocery outlets, service outlets of different companies, shops etc., which sell things, insurance, banking etc.,

Only when there are more than 70% manufacturing companies, then only there is a significant improvement in economy of Chennai. In fact, there is reduction in number of manufacturing companies. On those days, atleast Fenner was great. But there are countable ones - Fenner, TVS companies etc.,

Every individual who works thinks of a secondary income and gets the compulsion of starting off something by himself, while he does the day job. While this happens, they always end up doing only service stuff and they don't create anything.

It is always only a share of existing money in Chennai. Only when outside companies come into Chennai and invest and give employment opportunities to Chennai people then only we get the actual productivity of Chennai and improvement in economy of Chennai.

Anyway, overall - it is good for Chennai's entrepreneurs to grow with new thinking of starting something of their own.

There has to be big companies coming in and giving employment to 100s and 1000s of people in Chennai - then there would be some difference and impact in chennai economy. In fact, any government concentration is only on north and not in southern parts of tamil nadu. If they concentrate, then there would be significant contribution from Chennai and southern districts as well.

Economy of Chennai as of Jan 2010 - a reality check

Please see my previous article about people in chennai and their classification based on salaries. That should tell about the different kinds of people in Chennai.

I have written a similar article in April of 2009 for Economy of Chennai - a reality check in 2009.

At any case - let us check the status now:

One major complaint in Chennai economy is there is no major manufacturing divisions started up. Anything started up recently are retail outlets, refined grocery outlets, service outlets of different companies, shops etc., which sell things, insurance, banking etc.,

Only when there are more than 70% manufacturing companies, then only there is a significant improvement in economy of Chennai. In fact, there is reduction in number of manufacturing companies. On those days, atleast Fenner was great. But there are countable ones - Fenner, TVS companies etc.,

Every individual who works thinks of a secondary income and gets the compulsion of starting off something by himself, while he does the day job. While this happens, they always end up doing only service stuff and they don't create anything.

It is always only a share of existing money in Chennai. Only when outside companies come into Chennai and invest and give employment opportunities to Chennai people then only we get the actual productivity of Chennai and improvement in economy of Chennai.

Anyway, overall - it is good for Chennai's entrepreneurs to grow with new thinking of starting something of their own.

There has to be big companies coming in and giving employment to 100s and 1000s of people in Chennai - then there would be some difference and impact in chennai economy. In fact, any government concentration is only on north and not in southern parts of tamil nadu. If they concentrate, then there would be significant contribution from Chennai and southern districts as well.

Successful 900th article in Chennai Times Blog/Publication - From Editor's Desk

Successful 900th article in Chennai Times Blog/Publication - From Editor's Desk

Thank You Note:
Thank you for everyone's support for helping us reach this stage.
We are proud to announce that we are able to serve the visitors from all around the world addressing their questions about Chennai and get to know the views, culture and new news/updates about Chennai. New ideas for improvements of Chennai, discuss the problems in Chennai and solutions of Chennai!

About the Blog:
This blog was started to kill the Home sickness of an NRI, but today this blog
"Chennai Times(Made In Chennai)" serves lot of NRIs and NRMs from different parts of the world with latest views, culture, experiences, vision, mission and updates of Chennai.

Though most of our actions today are online, we wish we will reach a stage when we will act offline as well for the improvement of Chennai. Please see New Chennai Foundation.

We wish Chennai Times Blog would soon become Chennai Times Publication, to revolutionize much more folks of Chennai in the world.

Chennai Improvement Thoughts:

Theme of problems:
For detailed problems in Chennai, see Problems list 1 and Problems list 2. Read further here...

What is Chennai today? Chennai is still a historic place, like india it is a developing city - but never developed. Chennai is filled with gangsters and survival of the fittest proves physically only. Chennai's talents are moving out of Chennai for employment and career improvement to other cities, due to under-industrialization and under-IT ecosystem.

Chennai's potential relies on Tourism for ages together - but not tapped to the full extent - at least not to my satisfaction. Chennai is great for IT and ITeS operations, but not completely used. Chennai is great for an export oriented facilities. Chennai is under-infrastructured in terms of air and road.

There is a great talent pool which is still connected to Chennai, but lives outside Chennai. Whoever is living in Chennai are speechless and helpless under the clutches of the political and physical powers.

Solution snapshot:

If there is a strong force of NRIs and NRMs coming and settling in Chennai, that would change a lot of Chennai to Great Chennai. Do you understand what I am saying?

If there is a strong self-driven REVERSE-BRAIN-DRAIN happens in Chennai, then no one can stop Chennai's improvement!

Here is how I am thinking reverse brain drain to Chennai will help Chennai become GREAT MADURAI.

1) All the NRIs and NRMs(Non-Resident Chennaiites - say b'lore/hyd/chennai living) would start businesses.

2) Lot of legal money would pool into Chennai.

3) Great Teachers with new(international) perspectives would mould children to a great future.

4) There will be lot of Non-Profit Organizations(Non-Governmental Organizations - NGOs) started, noticing/realizing the unacceptable behaviour of Chennai.

5) New employment opportunities would happen, due to new businesses and industries.

6) World class Medical facilities and medical professionals would be available for help in health.

7) There would be a strong need to make Chennai like Singapore or any other country.

This would change MADURAI TO GREAT MADURAI AND NEW MADURAI

Would you agree with my thinking? Thank you for listening and visiting Chennai Times Blog!!!

- Chennai Times Editor!
email:chennaitimes@gmail.com

Significance of the photo - MS Subbulakshmi is similar to Chennai. She is elderly but a great person. She is a legend from Chennai and the photo shows she is lighting us the light to kick-start for Chennai's Improvement and road towards Great Chennai!!

Successful 900th article in Chennai Times Blog/Publication - From Editor's Desk

Successful 900th article in Chennai Times Blog/Publication - From Editor's Desk

Thank You Note:
Thank you for everyone's support for helping us reach this stage.
We are proud to announce that we are able to serve the visitors from all around the world addressing their questions about Chennai and get to know the views, culture and new news/updates about Chennai. New ideas for improvements of Chennai, discuss the problems in Chennai and solutions of Chennai!

About the Blog:
This blog was started to kill the Home sickness of an NRI, but today this blog
"Chennai Times(Made In Chennai)" serves lot of NRIs and NRMs from different parts of the world with latest views, culture, experiences, vision, mission and updates of Chennai.

Though most of our actions today are online, we wish we will reach a stage when we will act offline as well for the improvement of Chennai. Please see New Chennai Foundation.

We wish Chennai Times Blog would soon become Chennai Times Publication, to revolutionize much more folks of Chennai in the world.

Chennai Improvement Thoughts:

Theme of problems:
For detailed problems in Chennai, see Problems list 1 and Problems list 2. Read further here...

What is Chennai today? Chennai is still a historic place, like india it is a developing city - but never developed. Chennai is filled with gangsters and survival of the fittest proves physically only. Chennai's talents are moving out of Chennai for employment and career improvement to other cities, due to under-industrialization and under-IT ecosystem.

Chennai's potential relies on Tourism for ages together - but not tapped to the full extent - at least not to my satisfaction. Chennai is great for IT and ITeS operations, but not completely used. Chennai is great for an export oriented facilities. Chennai is under-infrastructured in terms of air and road.

There is a great talent pool which is still connected to Chennai, but lives outside Chennai. Whoever is living in Chennai are speechless and helpless under the clutches of the political and physical powers.

Solution snapshot:

If there is a strong force of NRIs and NRMs coming and settling in Chennai, that would change a lot of Chennai to Great Chennai. Do you understand what I am saying?

If there is a strong self-driven REVERSE-BRAIN-DRAIN happens in Chennai, then no one can stop Chennai's improvement!

Here is how I am thinking reverse brain drain to Chennai will help Chennai become GREAT MADURAI.

1) All the NRIs and NRMs(Non-Resident Chennaiites - say b'lore/hyd/chennai living) would start businesses.

2) Lot of legal money would pool into Chennai.

3) Great Teachers with new(international) perspectives would mould children to a great future.

4) There will be lot of Non-Profit Organizations(Non-Governmental Organizations - NGOs) started, noticing/realizing the unacceptable behaviour of Chennai.

5) New employment opportunities would happen, due to new businesses and industries.

6) World class Medical facilities and medical professionals would be available for help in health.

7) There would be a strong need to make Chennai like Singapore or any other country.

This would change MADURAI TO GREAT MADURAI AND NEW MADURAI

Would you agree with my thinking? Thank you for listening and visiting Chennai Times Blog!!!

- Chennai Times Editor!
email:chennaitimes@gmail.com

Significance of the photo - MS Subbulakshmi is similar to Chennai. She is elderly but a great person. She is a legend from Chennai and the photo shows she is lighting us the light to kick-start for Chennai's Improvement and road towards Great Chennai!!

Chennai in NASSCOM India city quadrant

Sponsored by OruAcre.com

You can see where Chennai is in the quadrant, prepared by Nasscom, India.
If you are not aware of how to read quadrants. Let me help you -

You need to read from the right top in an anti-clockwise direction.
Leaders, Challengers, Followers and Aspirants.

Chennai is in Tier-II and it has high potential for growth and prosperity. High time improvements in future industries.

I am very excited about this location of Chennai in this quadrant. This is a great input for the reason to buy lands in Chennai.

This message is sponsored by "Sun City Real Estate Agent, Chennai" and "Made in Chennai".

Chennai in NASSCOM India city quadrant

Sponsored by OruAcre.com

You can see where Chennai is in the quadrant, prepared by Nasscom, India.
If you are not aware of how to read quadrants. Let me help you -

You need to read from the right top in an anti-clockwise direction.
Leaders, Challengers, Followers and Aspirants.

Chennai is in Tier-II and it has high potential for growth and prosperity. High time improvements in future industries.

I am very excited about this location of Chennai in this quadrant. This is a great input for the reason to buy lands in Chennai.

This message is sponsored by "Sun City Real Estate Agent, Chennai" and "Made in Chennai".

Chennai Ring Road latest news and update

Chennai Ring Road latest news and update

What if Chennai does not develop and what will happen to Chennai in next 30 years?

What if Chennai does not develop and what will happen to Chennai in next 30 years?

This article is my own personal, individual prediction, thinking and not intended to hurt anyone.

My grandfather was born and brought up in Vadivelkarai, a village in Chennai. For job reasons, my father had to search and find job in Chennai, which is a major city near the village. When I completed my graduation, I had to move to Bangalore, Hyderabad, Chennai and US.

I am going to compare the same situation to Chennai today. Given that Chennai does not get any industries; Chennai is contaminated with same politicians and no development happens; Chennai does not improve its infrastructure; Chennai does not germinate more and more entrepreneurs, then in 20-30 years Chennai would become the same Vadivelkarai situation, as I explained in the previous paragraph.

Old, elderly people and last generation folks would only stay on in Chennai.
Politicians, Vatti-kku panam koduppavan, few government officials, Old shop owners.

I hope and trust this should not happen and I wish inverse of this happens. Chennai develops and a reverse brain drain happens. Everyone from Chennai who have gone out of the city should come back and develop the Chennai city.

What if Chennai does not develop and what will happen to Chennai in next 30 years?

What if Chennai does not develop and what will happen to Chennai in next 30 years?

This article is my own personal, individual prediction, thinking and not intended to hurt anyone.

My grandfather was born and brought up in Vadivelkarai, a village in Chennai. For job reasons, my father had to search and find job in Chennai, which is a major city near the village. When I completed my graduation, I had to move to Bangalore, Hyderabad, Chennai and US.

I am going to compare the same situation to Chennai today. Given that Chennai does not get any industries; Chennai is contaminated with same politicians and no development happens; Chennai does not improve its infrastructure; Chennai does not germinate more and more entrepreneurs, then in 20-30 years Chennai would become the same Vadivelkarai situation, as I explained in the previous paragraph.

Old, elderly people and last generation folks would only stay on in Chennai.
Politicians, Vatti-kku panam koduppavan, few government officials, Old shop owners.

I hope and trust this should not happen and I wish inverse of this happens. Chennai develops and a reverse brain drain happens. Everyone from Chennai who have gone out of the city should come back and develop the Chennai city.

Multi-product SEZ in Tirunelveli: Nanguneri Project: Nearby districts of Chennai

A memorandum of understanding to establish a multi-product first Special Economic Zone (SEZ) in Nanguneri, Tirunelveli, was signed in presence of Chief Minister M Karunanidhi at the Secretariat Thursday.

The estimated Rs 15,000 crore project will be implemented by Tamilnadu government with assistance from Tamilnadu Industrial Development Corporation (TIDCO) on 2,520 acres and aims to provide employment to 70,000 people. This is great for both job seekers and for the potential entrepreneurs.

The project would be jointly executed by TIDCO, AMR group of companies and AMRL International Tech City Ltd. The products that would be manufactured here include spareparts for engineering and medical utilities, electrical and electronic products, information technology, along with biological products and transportation units in the first phase.

sourced from news today net. a chennai based english news evening daily!

Multi-product SEZ in Tirunelveli: Nanguneri Project: Nearby districts of Chennai

A memorandum of understanding to establish a multi-product first Special Economic Zone (SEZ) in Nanguneri, Tirunelveli, was signed in presence of Chief Minister M Karunanidhi at the Secretariat Thursday.

The estimated Rs 15,000 crore project will be implemented by Tamilnadu government with assistance from Tamilnadu Industrial Development Corporation (TIDCO) on 2,520 acres and aims to provide employment to 70,000 people. This is great for both job seekers and for the potential entrepreneurs.

The project would be jointly executed by TIDCO, AMR group of companies and AMRL International Tech City Ltd. The products that would be manufactured here include spareparts for engineering and medical utilities, electrical and electronic products, information technology, along with biological products and transportation units in the first phase.

sourced from news today net. a chennai based english news evening daily!

Continuing research on Karur: Industry, Profile and Potential: Nearby District of Chennai

Karur is also famous for two banks, since early twentieth centuries. The reason I am excited about these two banks is - these banks were started with an initial investment with as low as Rs.1,00,000 on those days - say early 19xx's.

I am impressed by the entrepreneural skills, risk taking personalities and at the most - they have started to help the financial side of agricultural and trade needs at those times.

Hats off to all the people behind these banks birth!

Karur Vysya Bank and Lakshmi Vilas Bank, Karur

Karur Vysya Bank

The year was 1916 when two illustrious sons of Karur, the Late Sri M.A. Venkatarama Chettiar and the late Sri Athi Krishna Chettiar came together to found Karur Vysya Bank (KVB) with an initial capital of Rs. 1 lakh with an avowed desire to support the agricultural and trade activities in and around Karur. In the business of providing exemplary financial service for over 90 years, KVB is today the favorite banker to millions of customers around the country, enjoying a premier position in the banking industry.

Business Landmarks as on 30th September, 2007:

* With a deposit base of Rs. 10916.38 cr. and advances figure of Rs. 7438.68 cr., KVB has recorded a total business of Rs. 18355.06 cr.
* The Net Profit earned by the bank during the first half of 2007-08 was Rs. 91.36 cr.
* The Net Owned Funds of the bank has reached a figure of Rs. 1063.16 cr. as on 31.03.2007. In fact, KVB is the first Tamilnadu based Old Private Sector Bank and the third in the country in this category to cross the Rs. 1000 cr. mark in Net Owned Funds. But the special landmark is that the entire amount is clocked under Tier I capital only.
* The Capital Adequacy ratio is at a healthy 15.42% on the increased asset base as against the RBI stipulated norm of 9%.
* With a record of uninterrupted earning of profits and declaration of dividend, KVB has declared 100% dividend consecutively for the past four years. This year, the bank had declared Rights and Bonus shares to its stakeholder and the dividend of 100% declared for 2006-07 is on the enhanced capital base.

Check out Karur Vysya Bank

The Lakshmi Vilas Bank Limited was founded seven decades ago ( in 1926) by seven people of karur. At present, the bank has a network of 236 branches, spread over 11 states and the union territory of Pondicherry.

The Lakshmi Vilas Bank's business crossed Rs. 8,752 crores as on March 31, 2007. The Bank earned a Net profit of Rs. 17.58 crores. The Net owned Funds of the Bank reaches Rs. 396.08 crores. With a fairly good quality of loan assets the Net NPA of the bank was pegged at 1.58 % as on March 31, 2007 down from 4.98% as on March 31, 2005.

Check out Lakshmi Vilas Bank

Continuing research on Karur: Industry, Profile and Potential: Nearby District of Chennai

Karur is also famous for two banks, since early twentieth centuries. The reason I am excited about these two banks is - these banks were started with an initial investment with as low as Rs.1,00,000 on those days - say early 19xx's.

I am impressed by the entrepreneural skills, risk taking personalities and at the most - they have started to help the financial side of agricultural and trade needs at those times.

Hats off to all the people behind these banks birth!

Karur Vysya Bank and Lakshmi Vilas Bank, Karur

Karur Vysya Bank

The year was 1916 when two illustrious sons of Karur, the Late Sri M.A. Venkatarama Chettiar and the late Sri Athi Krishna Chettiar came together to found Karur Vysya Bank (KVB) with an initial capital of Rs. 1 lakh with an avowed desire to support the agricultural and trade activities in and around Karur. In the business of providing exemplary financial service for over 90 years, KVB is today the favorite banker to millions of customers around the country, enjoying a premier position in the banking industry.

Business Landmarks as on 30th September, 2007:

* With a deposit base of Rs. 10916.38 cr. and advances figure of Rs. 7438.68 cr., KVB has recorded a total business of Rs. 18355.06 cr.
* The Net Profit earned by the bank during the first half of 2007-08 was Rs. 91.36 cr.
* The Net Owned Funds of the bank has reached a figure of Rs. 1063.16 cr. as on 31.03.2007. In fact, KVB is the first Tamilnadu based Old Private Sector Bank and the third in the country in this category to cross the Rs. 1000 cr. mark in Net Owned Funds. But the special landmark is that the entire amount is clocked under Tier I capital only.
* The Capital Adequacy ratio is at a healthy 15.42% on the increased asset base as against the RBI stipulated norm of 9%.
* With a record of uninterrupted earning of profits and declaration of dividend, KVB has declared 100% dividend consecutively for the past four years. This year, the bank had declared Rights and Bonus shares to its stakeholder and the dividend of 100% declared for 2006-07 is on the enhanced capital base.

Check out Karur Vysya Bank

The Lakshmi Vilas Bank Limited was founded seven decades ago ( in 1926) by seven people of karur. At present, the bank has a network of 236 branches, spread over 11 states and the union territory of Pondicherry.

The Lakshmi Vilas Bank's business crossed Rs. 8,752 crores as on March 31, 2007. The Bank earned a Net profit of Rs. 17.58 crores. The Net owned Funds of the Bank reaches Rs. 396.08 crores. With a fairly good quality of loan assets the Net NPA of the bank was pegged at 1.58 % as on March 31, 2007 down from 4.98% as on March 31, 2005.

Check out Lakshmi Vilas Bank

Boost Refined Cotton Exports and Textile Park in Chennai

Boost Refined Cotton Exports and Textile Park in Chennai near Vadippatti, Chennai

Tamil Nadu Government and Central Government of India are planning to boost the production of refined cotton products in Chennai.

Due to uncontrolled exports of raw cotton to various countries, the production of refined cotton products is affected. The weavers are not getting enough raw cotton.
This is mainly felt in Karur and Tirupur too.

Union Minister of State, Mr.E.V.K.S. Elangovan announced that another textile park would come up in Chennai at a cost of Rs 70 crore, the funds for which had been allocated by the Centre. The state should select a site to set up the park. A site had already been selected at Vadipatti for another park in Chennai district at a cost of Rs 30-40 crore.

Please read more at Economic Times

Boost Refined Cotton Exports and Textile Park in Chennai

Boost Refined Cotton Exports and Textile Park in Chennai near Vadippatti, Chennai

Tamil Nadu Government and Central Government of India are planning to boost the production of refined cotton products in Chennai.

Due to uncontrolled exports of raw cotton to various countries, the production of refined cotton products is affected. The weavers are not getting enough raw cotton.
This is mainly felt in Karur and Tirupur too.

Union Minister of State, Mr.E.V.K.S. Elangovan announced that another textile park would come up in Chennai at a cost of Rs 70 crore, the funds for which had been allocated by the Centre. The state should select a site to set up the park. A site had already been selected at Vadipatti for another park in Chennai district at a cost of Rs 30-40 crore.

Please read more at Economic Times

Cognizant Technologies Solution (CTS) coming to Chennai: NASSCOM Chairman: Chennai Potential

Lakshmi Narayanan, Cognizant’s Vice-Chairman, said that the temple city 'Chennai' will be in its radar to expand the operations of the software firm. Mr.Narayanan who is also serving as the chairman of NASSCOM (National Association of Software and Services Companies) came to Chennai to commence the competitions organised by the Thiagarajar College of Engineering for the school students. While replying for a question, he said that he will not comment on the name of the cities in which Cognizant is going to expand but it had shortlisted five cities for its future operations and Chennai is one of them.

Sourcing from Prabhas views blog!

Cognizant Technologies Solution (CTS) coming to Chennai: NASSCOM Chairman: Chennai Potential

Lakshmi Narayanan, Cognizant’s Vice-Chairman, said that the temple city 'Chennai' will be in its radar to expand the operations of the software firm. Mr.Narayanan who is also serving as the chairman of NASSCOM (National Association of Software and Services Companies) came to Chennai to commence the competitions organised by the Thiagarajar College of Engineering for the school students. While replying for a question, he said that he will not comment on the name of the cities in which Cognizant is going to expand but it had shortlisted five cities for its future operations and Chennai is one of them.

Sourcing from Prabhas views blog!