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Cement prices continue to rise… An inexplicable neglect Eternal support for capitalisation of PS banks B H Kothari - a tribute Marketing expert Balagopal is no more The balancing act TN – agglomerate land holdings without alienating ownership Welcome GST Convulsions in The Hindu Delhi is distant… Auto components surge… Demise of a media baron... Mu Sigma – is no more The ‘Ayyo-yes’ is no more Lalu’s envy, India’s pride Delhi Chalo... Fortune 500 review Revive development banks... GNS - 100: our first subscriber Sweet news for TN sugar mills Infrastructure funding – lessons learnt L&T: focus on infrastructure and more infrastructure… More heat than light Delhi is distant Scientists urged to take up farmer-oriented research When TN politicians can emulate Kerala's The few handicaps... 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TN accounts for the largest recruits by the IT sector Shipping woes of Chennai companies This scant respect for Law London, London Narayan Welcome thrust on trade in Modi’s foreign visits... …and of a popular trade leader Cutting the nose to spite the face Boy, can you beat these? Build close rapport with business leaders Making ‘my Amaravati’... L&T- the specialty of special purpose vehicles PC’s preference for professionals Air Asia India will set new benchmarks for budget travel Come elections, come advertisements... The Jan Dhan bonanza The Gulf aviation boom For whom the MIDS bell tolls? R Sridhar steps down as CEO of Shriram Capital Mersal magnified Streamlining mandatory third party cover Where a state respects its litterateurs… Moily’s bold thrust Sweeter prospects for sugar TN-leverage strength of BHEL, NLC... When small is no larger beautiful.. Godspeed, Chief Minister JJ An enemy’s enemy is a friend Tatas moving out of urea production... 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S Ramanathan – a versatile musician, musicologist Dr C Rangarajan returns to Chennai Lesson from Chandrababu Naidu The nuclear option Adharma of opposition politics Editor's Notes Preserving for the future Solar thermal shines… IPL type auction for VCs? A think tank for Chennai Muffled voices for merit… Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai SoA @ 80 When the President was rendered homeless… Fall in crude prices help in oil sector reform Recognition to role of NBFCs.... TGS- The king storyteller Why land prices zoom in TN? Editor's Says The ‘Jayanthi Tax.’ Modi and the lady Maximising the micro pricing … Wise Presidents Align crops to agro climate endowments… TELANGANA at last…BUT Another Indian music maestro at the UN Tribute – UCAL Selvan… GM Technology at last! EVM is tamper-proof Fuel for thought Land reclamation from sea appears cheaper! Medical costs hit the roof... 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When Ratan Tata visited SRM Tribute Multi-faceted Venkat Secularism and anti-Hinduism PPP mode for upgrading Corporation Hospitals Kulandai was a giant Telangana in top gear… Measuring roof tops in terms of KW/MW Vibrant Gujarat TIAM turns a full cycle Shaming of Tamils by Tamil farmers at Delhi Welcome focus on core competence He saved millions from starvation... Tihar, Puzhal not different from Parappana Agrahara Reliance’s TV – 18 ready to launch Tamil News Channel Gas is the way forward Paytm karo... Revving up the manufacturing sector Haul over the coal A welcome initiative by the judiciary Whistle-Stop Tour of Raghuram Rajan Contrarian cousins Gay abandon in pricing CII projects higher growth… Tax agriculture Alexa – Talking Wikipedia Why this malaise in medical education? A C Muthiah – his munificent bequeaths to science Plummeting profits of PSBs Put expensive assets created to use... Sri Lanka votes for change When online building permits work…. The sea- saw battle continues... Naidu will soon build a new Hyderabad A Grand Finale for SN’s MS centenary at the US… Poor quality of university VCs Adapt Vajpayee dinner diplomacy
 
Build close rapport with business leaders

There is urgent need for the TN chief minister and the minister of industry to build close rapport with business leaders. This has been done by successful chief ministers like Narendra Modi and Chandrababu Naidu. I cite the instance of Chandrababu Naidu effectively using this to enrich Hyderabad. He interacted closely with A Ramakrishna (AR), who took L&T Construction to great heights. Naidu had great trust and belief in the capabilities of AR. The latter lent his expertise in full - from building the Hitec City that attracted global IT majors like Microsoft, the Hitex Exhibition and the National Construction Academy, all creations of L&T Construction. This spread to other parts of AP - eg. L&T constructed in record time a massive water supply scheme for Tirumala Hills. Any and every project of significance in AP was entrusted to L&T. 

An immediate fallout of this was the emergence of a large number of civil engineering firms in AP.  GVK, GMR and dozens of others evolved as giants in the construction field working across the country and in several countries abroad. I noticed the latest entrant, Amara Raja Constructions of the Gallas who have also been making a mark in politics. 

Look at the contrast:  L&T Construction is headquartered in Chennai and has to its credit a large number of innovative projects in the Chennai metro and the state.  L&T pioneered concepts like toll roads and special purpose vehicles for a number of projects, including bridges, roads, the Bengaluru International Airport … At short notice L&T constructed the Jawaharlal Nehru Stadium and got it ready for an international sports meet. Yet the state leadership, with its demand for ‘speed money’ and cuts in contracts, kept L&T Construction at arm’s length. The massive expansion of L&T Construction’s business had little share of construction contracts in Tamil Nadu. Of course the company did make handsome investments in its shipbuilding and port facilities and in several large industrial ventures in Coimbatore. 

The experience of the other business leaders of the state is not very different. Most of them have been investing on expansion outside. I commend the chief minister constituting a high power think-tank of leaders from business and academe and entrust them with the task of economic development - not the pinjrapole-type state planning commission to accommodate friends and admirers. 


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