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Strengthen the base... 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 London, London Narayan IPL type auction for VCs? Return to king coal for urea... Revive development banks... Delhi is distant The rise and rise of KCP Where is Rajaji? Eternal support for capitalisation of PS banks Insurance companies bleeding, yet no decision on increasing FDI limit! The ‘Ayyo-yes’ is no more Excel Generators provide the vital back-up Build close rapport with business leaders Computation of GDP – conundrums continue Editor's Says Alexa – Talking Wikipedia Online not in line with brick and mortar businesses... 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The power-full Hindujas A more liberated TN… Naidu’s return augurs well for Seemandhra Wanted: a second airport for Chennai ONGC at KG Basin There was flood of milk. Reason: no milk commissioner! Nuclear power at the nucleus Padma Bhushan for A Ramakrishna Modi and the lady Marketing expert Balagopal is no more Put expensive assets created to use... EEC at the National Media Centre R Sridhar steps down as CEO of Shriram Capital Welcome thrust on trade in Modi’s foreign visits... Solar, solar everywhere … Tough task taking states together Auto components surge… Tihar, Puzhal not different from Parappana Agrahara Shale gas and its shallow future Tatas moving out of urea production... Limit foreign borrowings to hi-tech, export potential projects... All eyes on Sankara Nethralaya A think tank for Chennai Fall in crude prices help in oil sector reform Building loyalty through the stomach PC’s preference for professionals …and of a popular trade leader The few handicaps... A Grand Finale for SN’s MS centenary at the US… Welcome focus on core competence More Shakti to resource mobilisation... Measuring roof tops in terms of KW/MW Medical costs hit the roof... Sweeter prospects for sugar The balancing act Liberal imports idling indigenous capacities Bihar – Nitish Kumar adopts the Lalu model The Swadeshi Trump Of course, Gujarat is vibrant Like Hinduism: many paths to reach God... Tatas moving out of urea production... Wise Presidents Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Diamond jubilee of Egmore Samskrt School Rahman at CIC Bihar elections - the Rajaji formula worked Come elections, come advertisements... How Air-India loses customs... A friendly business group Vibrant Gujarat Road development slows down Plummeting profits of PSBs Mersal magnified L&T- the specialty of special purpose vehicles Multi-faceted Venkat Align crops to agro climate endowments… Delhi Chalo... The brown list of Venkitaramanan When the President was rendered homeless… Modi storms Silicon Valley An enemy’s enemy is a friend Naidu will soon build a new Hyderabad Demise of a media baron... Whistle-Stop Tour of Raghuram Rajan When nations steal growth from one another… The why of tax incentives Solar thermal shines… An inexplicable neglect Fuel for thought The Gulf aviation boom Not just in-laws (and outlaws); they’ve renowned academics at the helm! Focus on quality of power - its only around 170-180V Quality education through the PPP mode No mega rail project for Tamil Nadu New IT products of Ramco in the pipeline… A Grand Finale for SN’s MS centenary at the US… Poor representation for Kerala and TN in Cabinet Engineering seats go abegging Don’t seem to feel the pulse… Fortune for Indian Airlines The star of Spencers is no more Revving up the manufacturing sector A professional at the helm of IRDA... Why land prices zoom in TN? Convulsions in The Hindu Preserving for the future The rise and fall of Annamalai University WTO Meet: resolved to meet again MHC should not return to its old indisciplined ways Rs.1600 crore paper board plant of TNPL TN accounts for the largest recruits by the IT sector Moily’s bold thrust Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Kinetic Karnataka Tribute – Manikam Ramaswami SoA @ 80 Colour-Chem’s colourful KRVS For whom the MIDS bell tolls? More tributes to GR Sri Lanka votes for change Should we change the official year? Gas is the way forward Tribute Airlines in India: cost and space Recognition to role of NBFCs.... S V Raju – a ‘good’ true liberal CII projects higher growth… Remembering Indira Sivasailam... For whom the bell tolls? Discoms deserve better… The ‘Jayanthi Tax.’ The Ports’ Pasha expands into Tamil Nadu Make standards certification mandatory... Why this malaise in medical education? Music happens S Ramanathan – a versatile musician, musicologist Another Indian music maestro at the UN Waning interest in public discussions… Small units prefers to remain small... Lesson from Chandrababu Naidu Scientists urged to take up farmer-oriented research Increasing non co-operation of state leaders TN – agglomerate land holdings without alienating ownership Permanent secretariat for TN GIM He continues the focus on social amelioration Robber barons everywhere Shaming of Tamils by Tamil farmers at Delhi Welcome changes that testify to Jayalalithaa’s return to health Lalu’s envy, India’s pride TN-leverage strength of BHEL, NLC... Gay abandon in pricing Roaring Ro-Ro facility Adapt Vajpayee dinner diplomacy Adharma of opposition politics Cleaning Ganga – relocate tanneries and install electric crematoria Secularism and anti-Hinduism Godspeed, Chief Minister JJ Contrarian cousins A rich pool of talent not utilised…. This scant respect for Law L&T: focus on infrastructure and more infrastructure… EVM is tamper-proof Tribute – M V Murugappan The Jan Dhan bonanza Odisha: spectacular win by Naveen Patnaik Breaththrough in malaria control Protest masters... Kudos to NDTV... An informal presentation - analytical, forward locking... Editor's Notes No engine for this car Making ‘my Amaravati’... When online building permits work…. Shipping woes of Chennai companies Kulandai was a giant Banning booze... Telangana in top gear… He saved millions from starvation... Cement prices continue to rise… Silver Years of Madras Musings GNS - 100: our first subscriber
 
Put expensive assets created to use...
TAMIL NADU has the reputation of attracting investments in large industrial and infrastructure projects. This was the result of the strong base laid in the 1950s and 1960s by the leadership provided by K.Kamaraj, R Venkataraman and C Subramaniam. The advantage of good infrastructure and the focus on power were big help. Disappointingly, the over-emphasis of the Dravidian parties on the distribution rather than creation of wealth, has dented the reputation of the state. Tamil Nadu has been neglecting power development for two decades and presently is in the midst of a severe power crisis. Post 2000, the IT sector received a big boost. Presently, this appears to have suffered a slowdown. High cost of real estate, compounded by recent huge hike in property tax proposed by the Corporation, are dimming the prospects.

Times of India recently featured several large buildings like the new Secretariat building and the new Rajiv Gandhi General Hospital complex built at a cost of a couple of thousand crores of rupees, kept idle.

The state has several other such issues like the NHAI elevated road project being built along the Cooum River getting stalled. There have been humongous losses suffered on stalling these projects of great value to the metro.

The average citizen is already reeling under the weight of inflation. Items of daily consumption including food, fruits and vegetables, house rent, transportation, power, have all been registering frequent and steep increases. Should the government be insensitive to the burden caused by time overruns, delays and idling of expensive facilities? There is urgent need for a much higher degree of cost economics on the part of policymakers.

Why can’t leverage the strengths of Central projects?

THE STATE has not been supportive of large Central-sector projects that have been making huge contributions to employment and state revenues. BHEL, Neyveli Lignite Corporation and Chennai Petroleum Corporation provide large employment and handsome revenues to the state. In fact, for nearly five decades, Neyveli has been providing cheap power in large volumes. NLC has handsome resources and is financially strong. Its proposal for expansion at Jayamkondam with an investment of over Rs 18,000 crore has been hanging fire for two decades. Coal Minister Sriprakash Jaiswal is busy with a Rs 20,000 crore (4000 MW) thermal plant in his constituency Kanpur in UP, with NLC pumping in Rs 6000 crore. Andhra Pradesh and Karnataka have been effectively leveraging the large presence of BHEL in their states to set up joint venture power projects. Unfortunately, such a JV between BHEL and TANGEDCO for setting up a 1600 MW power project at Udangudi was dropped.
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