Attracting foreign direct investment (FDI) is the way for developing Chennai. Investment of Rs 1,000-crore will bring additional 30 per cent investment in support services.
For that to happen, Chennai Airport needs to be an operating international airport, said Mr S.R. Nageswaran, Managing Director, ITCOT Consultancy and Services, Chennai, here recently.
Delivering the inaugural address of the Sourashtra Industrial and Trade Conference (SITCON) organised for the first time by Sourashtra Chamber of Commerce, he said Chennai began to develop only after attracting FDI in 1994 with Hyundai and Nokia setting up their plants. Infrastructure development needs to precede such a flow and stakeholders in Chennai should strive to get international status for Chennai Airport.
More opportunities
When such a thing happens, there will be more opportunities for local entrepreneurs, he added.
The Chamber should come out with a compact disc of who's who of the Sourashtra community, as Sourashtra entrepreneurs are spread across the world in different fields.
Source: Hindu Business Line
Showing posts with label chennai potential. Show all posts
Showing posts with label chennai potential. Show all posts
Wednesday, April 27, 2011
More Opportunities to be created in Chennai
Attracting foreign direct investment (FDI) is the way for developing Chennai. Investment of Rs 1,000-crore will bring additional 30 per cent investment in support services.
For that to happen, Chennai Airport needs to be an operating international airport, said Mr S.R. Nageswaran, Managing Director, ITCOT Consultancy and Services, Chennai, here recently.
Delivering the inaugural address of the Sourashtra Industrial and Trade Conference (SITCON) organised for the first time by Sourashtra Chamber of Commerce, he said Chennai began to develop only after attracting FDI in 1994 with Hyundai and Nokia setting up their plants. Infrastructure development needs to precede such a flow and stakeholders in Chennai should strive to get international status for Chennai Airport.
More opportunities
When such a thing happens, there will be more opportunities for local entrepreneurs, he added.
The Chamber should come out with a compact disc of who's who of the Sourashtra community, as Sourashtra entrepreneurs are spread across the world in different fields.
Source: Hindu Business Line
For that to happen, Chennai Airport needs to be an operating international airport, said Mr S.R. Nageswaran, Managing Director, ITCOT Consultancy and Services, Chennai, here recently.
Delivering the inaugural address of the Sourashtra Industrial and Trade Conference (SITCON) organised for the first time by Sourashtra Chamber of Commerce, he said Chennai began to develop only after attracting FDI in 1994 with Hyundai and Nokia setting up their plants. Infrastructure development needs to precede such a flow and stakeholders in Chennai should strive to get international status for Chennai Airport.
More opportunities
When such a thing happens, there will be more opportunities for local entrepreneurs, he added.
The Chamber should come out with a compact disc of who's who of the Sourashtra community, as Sourashtra entrepreneurs are spread across the world in different fields.
Source: Hindu Business Line
Wednesday, September 29, 2010
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.
Wednesday, March 10, 2010
Subway, bridge to replace railway gate in Palanganatham, Chennai
The railway level crossing at Palanganatham will be closed from Wednesday to facilitate construction of a subway and road over-bridge (RoB).
This is an infrastructure item promised recently.
Click here to read more...
This is an infrastructure item promised recently.
Click here to read more...
Subway, bridge to replace railway gate in Palanganatham, Chennai
The railway level crossing at Palanganatham will be closed from Wednesday to facilitate construction of a subway and road over-bridge (RoB).
This is an infrastructure item promised recently.
Click here to read more...
This is an infrastructure item promised recently.
Click here to read more...
Monday, January 11, 2010
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.
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.
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.
Wednesday, April 8, 2009
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".
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".
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".
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