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When Ratan Tata visited SRM The ‘Ayyo-yes’ is no more CRS, a jewel among managers, is no more. The ‘Jayanthi Tax.’ Computation of GDP – conundrums continue Poor quality of university VCs IPL - no surprise this scam Fuel for thought Contrarian cousins EEC at the National Media Centre Protest masters... Return to king coal for urea... London, London Narayan More Shakti to resource mobilisation... CSR and CMI: promise of another Srinivasan Ramanujan... Cement prices continue to rise… Valli, they are more marginalised Revving up the manufacturing sector The Swadeshi Trump Robber barons everywhere to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines TIAM turns a full cycle Align crops to agro climate endowments… Air Asia India will set new benchmarks for budget travel Muffled voices for merit… Cleaning Ganga – relocate tanneries and install electric crematoria Online not in line with brick and mortar businesses... New IT products of Ramco in the pipeline… Infrastructure funding – lessons learnt Shipping woes of Chennai companies Tax agriculture A more liberated TN… Another Indian music maestro at the UN Solar, solar everywhere … A rich pool of talent not utilised…. Diamond jubilee of Egmore Samskrt School Come elections, come advertisements... Noble nonagenarians... Should we change the official year? Alexa – Talking Wikipedia Tribute – UCAL Selvan… The power-full Hindujas B H Kothari - a tribute This scant respect for Law Moily’s bold thrust The star of Spencers is no more Modi storms Silicon Valley Solar thermal shines… Small units prefers to remain small... Not just in-laws (and outlaws); they’ve renowned academics at the helm! EVM is tamper-proof Shanti and Sadhana through Music No engine for this car L&T- the specialty of special purpose vehicles Vibrant Gujarat Marketing expert Balagopal is no more An informal presentation - analytical, forward locking... Measuring roof tops in terms of KW/MW Sri Lanka votes for change Why land prices zoom in TN? Plummeting profits of PSBs Auto components surge… Delhi is distant Delhi Chalo... Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Five star activism stalls development activity Adapt Vajpayee dinner diplomacy Put expensive assets created to use... Quality silica from Neyveli Airlines in India: cost and space Engineering seats go abegging Modi and the lady Liberal imports idling indigenous capacities Land reclamation from sea appears cheaper! Tatas moving out of urea production... Welcome thrust on trade in Modi’s foreign visits... He saved millions from starvation... Tatas moving out of urea production... When the President was rendered homeless… Music happens The Jan Dhan bonanza Increasing non co-operation of state leaders Rahman at CIC Lesson from Chandrababu Naidu Mu Sigma – is no more The brown list of Venkitaramanan The Ports’ Pasha expands into Tamil Nadu The sea- saw battle continues... When online building permits work…. Permanent secretariat for TN GIM Bihar – Nitish Kumar adopts the Lalu model All eyes on Sankara Nethralaya Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Multi-faceted Venkat Maximising the micro pricing … Sweet news for TN sugar mills Build close rapport with business leaders The rise and fall of Annamalai University Strengthen the base... Revive development banks... China invests in India Things happen by accident and not by design... TN – agglomerate land holdings without alienating ownership F C Kohli - his concerns all embracing More heat than light Recognition to role of NBFCs.... R Sridhar steps down as CEO of Shriram Capital L&T: focus on infrastructure and more infrastructure… A Grand Finale for SN’s MS centenary at the US… No mega rail project for Tamil Nadu When small is no larger beautiful.. Roaring Ro-Ro facility CIPET hqrs to stay at Guindy – for the present? Naidu will soon build a new Hyderabad Don’t seem to feel the pulse… The nuclear option Tihar, Puzhal not different from Parappana Agrahara A glass full of corruption More Shakthi to Das’ elbow Shaming of Tamils by Tamil farmers at Delhi Banning booze... Telangana in top gear… Excel Generators provide the vital back-up Editor's Notes A yen for wastage… Pharma – overdose of copying Focus on quality of power - its only around 170-180V A welcome initiative by the judiciary Poor representation for Kerala and TN in Cabinet Haul over the coal Scientists urged to take up farmer-oriented research The balancing act WTO Meet: resolved to meet again TGS- The king storyteller Breaththrough in malaria control S Ramanathan – a versatile musician, musicologist Dr C Rangarajan returns to Chennai Parliament in paralysis... Road development slows down Welcome changes that testify to Jayalalithaa’s return to health Sweeter prospects for sugar Shale gas and its shallow future A proud Madrasi Funding the un-funded Editor's Says TN accounts for the largest recruits by the IT sector For whom the MIDS bell tolls? Odisha: spectacular win by Naveen Patnaik A professional at the helm of IRDA... GM Technology at last! Tribute Why this malaise in medical education? Streamlining mandatory third party cover CII projects higher growth… More tributes to GR …and of a popular trade leader Demise of a media baron... Bihar elections - the Rajaji formula worked There was flood of milk. Reason: no milk commissioner! TELANGANA at last…BUT Gay abandon in pricing Convulsions in The Hindu Fortune for Indian Airlines Eternal support for capitalisation of PS banks GNS - 100: our first subscriber Godspeed, Chief Minister JJ The few handicaps... An enemy’s enemy is a friend Remembering Indira Sivasailam... Making ‘my Amaravati’... No Maha Koottani in TN... Kudos to NDTV... Readers' Mail Padma Bhushan for A Ramakrishna A think tank for Chennai A Grand Finale for SN’s MS centenary at the US… Colour-Chem’s colourful KRVS IPL type auction for VCs? Delhi returns to BJP Wise Presidents For whom the bell tolls? Kulandai was a giant Russi Mody – a tribute Delhi is distant… Wanted: a second airport for Chennai When TN politicians can emulate Kerala's Towards speedy justice Like Hinduism: many paths to reach God... West Bengal: mindless malignancy Nuclear power at the nucleus The why of tax incentives Inflation: are we emulating Argentina and Brazil? A C Muthiah – his munificent bequeaths to science How Air-India loses customs... Make standards certification mandatory... The Gulf aviation boom Adharma of opposition politics When nations steal growth from one another… Lalu’s envy, India’s pride Cutting the nose to spite the face Tribute – M V Murugappan Which side are you, Montek? SoA @ 80 TN-leverage strength of BHEL, NLC... Tribute – Manikam Ramaswami Paytm karo... Fortune 500 review Quality education through the PPP mode Secularism and anti-Hinduism Boy, can you beat these? Where a state respects its litterateurs… IAS invades NDDB... MHC should not return to its old indisciplined ways S V Raju – a ‘good’ true liberal Where is Rajaji? Medical costs hit the roof... Fall in crude prices help in oil sector reform Whistle-Stop Tour of Raghuram Rajan The rise and rise of KCP Preserving for the future Mersal magnified Kinetic Karnataka PPP mode for upgrading Corporation Hospitals Welcome GST Rs.1600 crore paper board plant of TNPL Building loyalty through the stomach Silver Years of Madras Musings Waning interest in public discussions… Polls and promises PC’s preference for professionals Insurance companies bleeding, yet no decision on increasing FDI limit! An inexplicable neglect Of course, Gujarat is vibrant Intellectual of rare qualities A friendly business group Reliance’s TV – 18 ready to launch Tamil News Channel He continues the focus on social amelioration Gas is the way forward Tough task taking states together Welcome focus on core competence ONGC at KG Basin Limit foreign borrowings to hi-tech, export potential projects... Naidu’s return augurs well for Seemandhra Discoms deserve better…
 
Liberal imports idling indigenous capacities

Prime Minister Modi’s Make in India exhortation makes great sense. The country has capabilities to produce many of its requirements on its own. 

Unfortunately, policymakers do not spend the needed attention to ensure such capacities created are fully utilised. We see the spectacle of a large number of industrial units – steel, power equipment, cement, automobiles... performing to a fraction of their capacities. This depresses interest in investments for creating new capacity.  We have a grim situation.

BHEL recorded huge expansion of capacity to provide 20,000 MW of power equipment per annum. The Tiruchi unit and its satellites had a record production, valued around Rs 20,000 crore, during 2012-13. Other renowned companies like Mitsubishi, Toshiba and Alstom invested on creating capacity for power equipment manufacture that would enable the country to meet demand for such equipment in full.

Yet one witnesses a curious spectacle of China, Korea, Japan and other countries dumping their products into India at lower prices. In recent times we also witness Chinese companies successfully contesting contracts awarded to BHEL in the Madras High Court leading to the cancellation of orders placed on BHEL.

A similar spectacle is witnessed in regard to steel. The industry riding on the post 2000 boom made handsome investments. A capacity for around 115 million tonnes has been created; but simultaneously the clamour for imports has also increased. One witnesses again the sad spectacles of capacity created at great expense remaining under-utilised and exports on the increase.

Consistent with WTO commitments there is need for a mechanism to ensure indigenous industry is provided a measure of encouragement and even protection to perform to capacity. This in due course will lead to investments to expand capacity and hence support the Prime Minister’s Make in India slogan meaningful.

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