What's new

Indian Economy-News & Updates

How is the plan?

  • Good

    Votes: 161 61.7%
  • Average

    Votes: 53 20.3%
  • Poor

    Votes: 47 18.0%

  • Total voters
    261
India is on the right track

India is on the right track - Livemint

g-oped-30-Aug-web.jpg


This graph shows just how bad the last administration was for India quite succinctly. Modi and BJP are finally reversing this horrible trend. Kudos to them. The full article is well worth reading.
 
HCL lines up over $1 bn investments | Business Line
CHENNAI, SEPT 9:

HCL to invest over $ one billion over the next five years in southern Tamil Nadu.

Addressing the Global Investors Meet 2015, Shiv Nadar, Chairman, HCL, said the company has identified Madurai and Tirunelveli as major centres for company's growth.

HCL has invested over Rs 6,000 crore in Chennai and Coimbatore development centres. It employs 75,000 persons in India and 1,10,000 globally. HCL's brain centre will be based in Tamil Nadu, he said at the two-day event being organised by the State Government.

Jayalalithaa inaugurates Global Investors Meet 2015 | Business Line

September 9, 2015:

With a Pegasus on its logo indicating growth, the curtains went up on Tamil Nadu Chief Minister Jayalalithaa’s most ambitious venture, Tamil Nadu Global Investors Meet (GIM) 2015, which the state claims would attract investments to the tune of Rs. 1 lakh crore (US$ 16 billion).

Jayalalithaa inaugurated the Tamil Nadu Global Investors Meet 2015 by launching Special Inaugural Act.

Jayalalithaaspeak

In her address, she said: "TN is known to be one of the most advanced, progessive and competitive States of India. Tamil Nadu attracts third highest foreign direct investment in India."

"I do not believe in resting on my laurels. We have still higher goals to reach. The people of this State should have access to infrastructure comparable to that of the best in the world," she added.

"I fully realise that as the world moves forward, we in TN need to move even faster. We have constantly updated our policy framework and redoubled out efforts," Jayalalithaa said.

Healthcare capital of India

A 3D-presentation on Tamil Nadu's achievements focused on Chennai as the health care capital of India, how the State was home to the highest number of tech varsities and was also the hub of industry development.

Guests on the dais included Rana Kapoor of Yes Bank, David L. Schoch, Group Vice President and President of Asia Pacific at Ford Motor Co., Gautam Adani, Chairman and founder of the Adani Group.

Venu Srinivasan, Chairman TVS Motor Company and wife Ms. Mallika were also present on the stage.

"This has been a wonderful curtain raiser and gives us an idea of the State that Tamil Nadu is. At CII, we look forward to a continued partnership with the Tamil Nadu government," said Venu Srinivasan.

The event is packed with industry-related sessions and seminars by the eight country partners – Australia, Canada, France, Italy, Japan, Korea, Singapore and the UK.

HCL to invest over $1 billion over the next five years in southern Tamil Nadu (Read more here).

Yamaha to set up a third plant in Tamil Nadu - trial run on now. TVS Motor Company has announced that it would expand its footprint in Hosur while TICEL Bio Park II is also to be set up.

Parallel sessions will cover ease of doing business in Tamil Nadu, renewable energy, manufacturing and automobile sector, tax and regulatory frame work and IT industry. Country seminars will be held by France, Japan and the UK.

On the second day the focus is on mega infrastructure, MSME, engineering, agriculture and food processing, IT and ITES, pharma and biotechnology, textiles and seminars by the other partner countries.

According to information collected from partner countries, the UK delegation includes representatives from over 30 companies and partners including UK Trade Invest and the British Council.

The Italian Ambassador Lorenzo Angeloni leads a 40-member delegation from 38 companies.

Japan is represented by a 50-member delegation led by Muneo Kuraochi, Chairman, Standing Committee of Japan-India Business Cooperation. It includes representatives from Tokyo, Osaka and Japanese businesses in Chennai apart from the Embassy of Japan and the Ministry of Economy, Trade and Industry.

From Korea a 60-member delegation headed by the Consul General Kyung Soo Kim is participating in the event.

Paul Hermelin, Special Representative of France for Economic Relations with India and François Richier, Ambassador of France to India, leads a 102-member French business delegation.

Companies in urban development and renewable energy sectors and those in Tamil Nadu are a part of the delegation.

Patrick Suckling, Australian High Commissioner to India, leads a 40-member delegation. Australia is a partner country in the event and has a pavilion.

Senior executives from leading Australian businesses, including Bluescope Steel, Insurance Australia Group, Macquarie, National Australia Bank, SMEC and Westpac Banking Corpn, are part of the delegation.
 

Latest posts

Back
Top Bottom