Chennai discussions II

[satishanu]

"At the end of the day, sarakku irukanum" - TShyam

we have lot of sarakku -- TASMAC

[satishanu]

Originally Posted by karkal

In the mean time innoru andai manilam has announced 6.5 lakh crore ( >120 B) investment today. If they do it for next 10 yrs ( > 1.2 T) they will overtake india's economy. If that growth trend continues it might even become the largest economy in the world in my lifetime. My dream of India becoming the largest economy in the world will come true in my lifetime.

சும்மா அள்ளி தள்ளி ராங்க I remember a comedy from a pandiyarajan movie..

5000..10000...20000...50000...

[R2IChennai]

Petrochemical industries, mining industries require huge huge investments, but doesnt translate directly into that many jobs..

[satishanu]

Even in TN we have PCPIR (petro chemical hub) cleared and expected to attact 100,000 crores as per govt.....but who is going to invest??

[TShyam]

Originally Posted by satishanu

சும்மா அள்ளி தள்ளி ராங்க I remember a comedy from a pandiyarajan movie..

5000..10000...20000...50000...

Exactly.. at the end, everything is "bimbilliki biyapi.. maama biscothu"

P.S: The name of the film is oora therinjikitten

[kvijayasundaram]

Originally Posted by TShyam

Well yeah you are absolutely right. I knew a yarn owner from Coimbatore who wanted to expand his factory from 200 persons to 400 persons. But since TN didnt have any functions, he invested in Gujarat since he was not aware of the advantages of TN and no one advertized it to him. ohoh wait.. There was never any functions anytime in TN history.. how did he invest in the first place?

Just because investors came in the past, for various advantages does not mean they will come for ever. The competition has gotten worse. States have improved their infrastructure and investment policies by leaps and bounds. Get out of your slumber and see whats going on outside.

Do you think investors are that stupid? Why then did Japan make 35% percent of all investments in TN?

TN having 35% of Japanese investments is questionable and highly improbable, and I know where you got that number from ( last week's statement from CM on Japanese township). Apparently you seem to take those statements at face value and that is where the problem is. Living in your own fairy land without knowing whats happening around you can hurt you big time.

Any person who has money checks the opportunities and threats twice before investing anywhere in the world let alone in India. Saying that it is the investment conferences is responsible for the investments is like saying job fairs create jobs.

True, job fairs don't create jobs, but will help job aspirants sell their skills and find a job. Here TN is the job aspirant and investor is the employer, getting a job is tantamount to clinching an investment.

If you think all the investments in India should be in TN, or if any investment goes anywhere else, it is a failure of TN govt, then I am sorry to burst the bubble.. you are delusional. We are 6% of Indian population and 4% of its land mass but we are landing far more investments than that.

How did you even get that idea? When did I ever say or mean that all investments have to pour into TN. I was only asking when other progressive states can boast( even in paper) of 6 lakh crores and 4 lakh crores why are we still in few 1000 crores?

The difference here is that I am comparing TN to GJ and KA, and asking why are we are getting less investment proposals. You on the other side perhaps want to compare TN with Bihar or Manipur and say we are doing fabulous when compared to them. Now who is sounding delusional?

This is inspite of not having much mineral resources (coal, iron ore, bauxite etc etc). Ofcourse Karnataka will have more mineral investments which are usually in 10's of 1000's of crores. There is nothing we could do about it.

Alright then, now we want to find excuses. Forget KA, FYI GJ and MH dont have much iron ore reserves and still have large number of port based steel plants. What excuse do we have for hundreds of Petrochemical, biotech, pharma that GJ and AP have that we dont?
oops.. wait a minute, I know where you are going next. you probably want to reply saying "Look, we are still the leaders in auto and engineering". Well yes, but not for too long if we remain like this. Our stronghold has already begun to shake.

And ofcourse Tata will say that in a GJ specific conference.. what else do you expect him to say there? that Gujarat is a dump and Modi is an a**hole?

Tata might have just praised GJ and left it there as well, but look at the words he used. Those words are very powerful and send a strong message to Biz community. When was the last time we heard such words about TN. Most of the time we hear complaints about Power and poor connectivity, and broken promises.

And there is no need to get emotional or excited here and you could have easily avoided using that cus word on other state CM.

I have no idea why you came to the conclusion that perception about TN is bad. Even if it is true, rectifying the mistakes in bureaucracy, improving the infrastructure is a better strategy than going on investment conference orgies.

where did I get the idea of TN having poor perception?
Look back at few of the posts where investors and business community had heaped complains about so many things ranging from infrastructural gaps like port connectivity, roads, power, lack of cosmopolitanism and night life, entertainment, blah blah.

Investors meet like this address these issues and instill a sense of confidence among investors or at least make them comfortable by pep talks. Most of all, It can help the state publicize its other less explored areas for example Madurai-tuticorin Corridor, which has all the ingredients to be world class mfg hub, but largely unknown to external world.
( Kannan, our Naattamai, who has been driving this home consistently, would largely agree with me on this)

Let me tell you something about marketing. Advertisement sells only in impulse buys. Not when the perspective client does hours of due diligence to make his decision. At the end of the day, sarakku irukanum. Otherwise these things are just ways to fool ourselves.

Absolutely disagree! Advertising, if done properly, can also help investors make informed desicions. Sarakku mattum irundha poradhu. Poushum irukkanum, adha vikkavum theriyanum. Whether you agree or not is upto you.

Finally this is the point I would like make. You cannot rest on you laurels saying I don't need to advertise as I am happy with what I have.
Unfortunately that mindset is not going to get us anywhere.

One(actually three) last question(s)! What are we going to lose by having a investor meet? and Why do you have to be so against it? Why this raging negativism towards investor meets. Nothing can go wrong after all! isn't it.

[karkal]

There are lot of things wrong with how the investor meet is done currently....one of them is making even our industrialist behave like politicians(becoming cheats & liars forgetting their fiduciary responsibility to the board and investors). If we start dragging every part of the society to that level not even God can save this nation.

[kvijayasundaram]

Originally Posted by karkal

There are lot of things wrong with how the investor meet is done currently....one of them is making even our industrialist behave like politicians(becoming cheats & liars forgetting their fiduciary responsibility to the board and investors). If we start dragging every part of the society to that level not even God can save this nation.

Why don't we find out what's the right way then? Getting the Board approval and announcing projects? Lets do it that way. All we need is meeting the investors and getting investments at the end of the day.

[karkal]

Originally Posted by kvijayasundaram

Why don't we find out what's the right way then? Getting the Board approval and announcing projects? Lets do it that way. All we need is meeting the investors and getting investments at the end of the day.

If we do that then no politician will agree to have an investment meet b'cos the investment number will be very dismal.

[kvijayasundaram]

Originally Posted by karkal

If we do that then no politician will agree to have an investment meet b'cos the investment number will be very dismal.

How dismal? like in 10-100 cr range? I guess that's your figment of Imagination

[TShyam]

Originally Posted by kvijayasundaram

Just because investors came in the past, for various advantages does not mean they will come for ever. The competition has gotten worse. States have improved their infrastructure and investment policies by leaps and bounds. Get out of your slumber and see whats going on outside.

Are you using my point against me?? Thats what I am saying. You need infrastructure not window dressing. Learn what is the other person is trying to say before jumping guns.

TN having 35% of Japanese investments is questionable and highly improbable, and I know where you got that number from ( last week's statement from CM on Japanese township). Apparently you seem to take those statements at face value and that is where the problem is. Living in your own fairy land without knowing whats happening around you can hurt you big time.

Sure you can selectively use whatever data you can. You can call those statements "questionable" and say that promise to invest zillion of dollars in other states as a correct one. Apparently that statement is using a retrospective data which can be verified (the onus is on you to disprove it) which according to you is "questionable" but claims of investment promise which are prospective should be true isnt it?

True, job fairs don't create jobs, but will help job aspirants sell their skills and find a job. Here TN is the job aspirant and investor is the employer, getting a job is tantamount to clinching an investment.

No doubt but you have to have the qualifications for the job first. Job fairs are not imperative and thats my point. There are lot of ways employer and the employee can be married.

How did you even get that idea? When did I ever say or mean that all investments have to pour into TN. I was only asking when other progressive states can boast( even in paper) of 6 lakh crores and 4 lakh crores why are we still in few 1000 crores?

The difference here is that I am comparing TN to GJ and KA, and asking why are we are getting less investment proposals. You on the other side perhaps want to compare TN with Bihar or Manipur and say we are doing fabulous when compared to them. Now who is sounding delusional?

I got the idea because you were saying that that state got this much and this state got that much and so on. If it is the paper investment that you want, I have no problems. All you want is a statement stating that a tooth fairy from a magical land of Narnia will invest 48 crore crore rupees in TN over the next 8.34 years. Problem solved and you can sleep peacefully.

Alright then, now we want to find excuses. Forget KA, FYI GJ and MH dont have much iron ore reserves and still have large number of port based steel plants. What excuse do we have for hundreds of Petrochemical, biotech, pharma that GJ and AP have that we dont?
oops.. wait a minute, I know where you are going next. you probably want to reply saying "Look, we are still the leaders in auto and engineering". Well yes, but not for too long if we remain like this. Our stronghold has already begun to shake.

Just because you pre empt it doesnt mean thats not true. Of course we cant lead in all the sectors all the time. We just have 7 crore people (2 crore of them are in schools). You cant expect a person to be an auto sector employee in day time, a petro sector employee in the evening, a biotech employee by night and work 24 hours a day to be number one in all sectors. Btw dont forget that we are pretty good in IT (2nd largest exporter), financials (after MH) and we are also number 1 in health care tourism. And we are not exactly zero in petrochemical, biotech and pharma. We do have a good chunk of these companies.

Anyway my whole point is that we are not going to get anything new by road parades.

Tata might have just praised GJ and left it there as well, but look at the words he used. Those words are very powerful and send a strong message to Biz community. When was the last time we heard such words about TN. Most of the time we hear complaints about Power and poor connectivity, and broken promises.

And there is no need to get emotional or excited here and you could have easily avoided using that cus word on other state CM.

Just look at Chandra's comments a few weeks back. Selective amnesia doesnt help anyone.

where did I get the idea of TN having poor perception?
Look back at few of the posts where investors and business community had heaped complains about so many things ranging from infrastructural gaps like port connectivity, roads, power, lack of cosmopolitanism and night life, entertainment, blah blah.

Exactly.. thats what we should be doing if we want them. Not some random functions.

Investors meet like this address these issues and instill a sense of confidence among investors or at least make them comfortable by pep talks. Most of all, It can help the state publicize its other less explored areas for example Madurai-tuticorin Corridor, which has all the ingredients to be world class mfg hub, but largely unknown to external world.
( Kannan, our Naattamai, who has been driving this home consistently, would largely agree with me on this)

Again you are using my argument against me. This is what I am saying - We should be creating infra instead of sprinkling gold dust over turd to make it look good.

Absolutely disagree! Advertising, if done properly, can also help investors make informed desicions. Sarakku mattum irundha poradhu. Poushum irukkanum, adha vikkavum theriyanum. Whether you agree or not is upto you.

Finally this is the point I would like make. You cannot rest on you laurels saying I don't need to advertise as I am happy with what I have.
Unfortunately that mindset is not going to get us anywhere.

One(actually three) last question(s)! What are we going to lose by having a investor meet? and Why do you have to be so against it? Why this raging negativism towards investor meets. Nothing can go wrong after all! isn't it.

No one is having negativism about investor conferences but only questioning your sense of overblown importance for conducting those. If TN decides to conduct one, I am definitely not against it, but saying that absence of those is the reason for not attracting companies is IMO naivety.

[karkal]

Originally Posted by kvijayasundaram

How dismal? like in 10-100 cr range? I guess that's your figment of Imagination

Good Luck with your endeavour of having an investor meet.

[kvijayasundaram]

Originally Posted by TShyam

Are you using my point against me?? Thats what I am saying. You need infrastructure not window dressing. Learn what is the other person is trying to say before jumping guns.

Look, I never objected you stating infrastructure is of primary importance.
I only objected your calling Investor meet mere window dressing, and non-important. Where did I jump the gun here?

Sure you can selectively use whatever data you can. You can call those statements "questionable" and say that promise to invest zillion of dollars in other states as a correct one. Apparently that statement is using a retrospective data which can be verified (the onus is on you to disprove it) which according to you is "questionable" but claims of investment promise which are prospective should be true isnt it?

I only used my common sense while questioning the 35% stats that you threw
and I myself have mentioned several times that zillions of crores that have been quoted in IMs are highly improbable themselves, but still accounted for by companies with a breakup of who is committing what. So where is the question of using selective stats arise when I am not ready to belive either one of them?

No doubt but you have to have the qualifications for the job first. Job fairs are not imperative and thats my point. There are lot of ways employer and the employee can be married.

Job fairs are imperative and here is why: If my neighbor goes to a job fair and lands a lucrative job, I would certainly not sit at my home and wait for an offer even if I have better scores and skills than him. It is as simple as that.

I got the idea because you were saying that that state got this much and this state got that much and so on. If it is the paper investment that you want, I have no problems. All you want is a statement stating that a tooth fairy from a magical land of Narnia will invest 48 crore crore rupees in TN over the next 8.34 years. Problem solved and you can sleep peacefully.

You don't seem to understand the real issue, do you? I was only lamenting our plight that we are not able to attract even paper projects because we don't seem to care attracting investors.

Just because you pre empt it doesnt mean thats not true. Of course we cant lead in all the sectors all the time. We just have 7 crore people (2 crore of them are in schools). You cant expect a person to be an auto sector employee in day time, a petro sector employee in the evening, a biotech employee by night and work 24 hours a day to be number one in all sectors. Btw dont forget that we are pretty good in IT (2nd largest exporter), financials (after MH) and we are also number 1 in health care tourism. And we are not exactly zero in petrochemical, biotech and pharma. We do have a good chunk of these companies.

I knew you were going to go there again. Yes we are leading in couple of fields alright. But what steps are we taking to develop or sustain our leadership. How do we keeps investments coming in that field? Are we doing enough?

Anyway my whole point is that we are not going to get anything new by road parades.

That is not always true. There are so many instances where marketing has paid of.

Just look at Chandra's comments a few weeks back. Selective amnesia doesnt help anyone.

what amnesia are we talking about?

Exactly.. thats what we should be doing if we want them. Not some random functions.

Again you are using my argument against me. This is what I am saying - We should be creating infra instead of sprinkling gold dust over turd to make it look good.

Not exactly, we should not just "create infra" but also give equal importance to investor relations. For example,Tuticorin -Madurai corridor has a 4 lane expressway and vast stretches of barren land, so many engineering instts, large number of power plants coming up in the vicinity, along with a major port. Now tell me what has been done to promote that?
Creating infra is one part of the equation, the other part is being proactive
which is what I am trying to emphasize.

No one is having negativism about investor conferences but only questioning your sense of overblown importance for conducting those. If TN decides to conduct one, I am definitely not against it, but saying that absence of those is the reason for not attracting companies is IMO naivety.

My sense of overblown importance for Inv Meets, is your misconception stemming from the fact I kept emphasizing its usefulness and you consistently downplaying it. Glad to know your are not against it because i was afraid you sounded the other way.

[TShyam]

Originally Posted by kvijayasundaram

Look, I never objected you stating infrastructure is of primary importance.
I only objected your calling Investor meet mere window dressing, and non-important. Where did I jump the gun here?

Oh really? I asked "There was never any functions anytime in TN history.. how did he invest in the first place?" and you replied "States have improved their infrastructure and investment policies by leaps and bounds. Get out of your slumber and see whats going on outside." What was my question and what was your reply? I specifically asked how did so many investments come in the first place without parties and you are replying that was because TN had an advantage earlier which it is losing now which is exactly what I am trying to say. If TN is losing it, it is not because it didnt indulge in summits.

I only used my common sense while questioning the 35% stats that you threw
and I myself have mentioned several times that zillions of crores that have been quoted in IMs are highly improbable themselves, but still accounted for by companies with a breakup of who is committing what. So where is the question of using selective stats arise when I am not ready to belive either one of them?

If you are not believing anything, why are you arguing here? I thought that you believed the projects announced in the summits were real. Thanks for admitting it is just ullaloyee.

Job fairs are imperative and here is why: If my neighbor goes to a job fair and lands a lucrative job, I would certainly not sit at my home and wait for an offer even if I have better scores and skills than him. It is as simple as that.

Job fairs are not imperative.. you can use monster.com or linkedin. My point was that they dont create jobs. Similarly you dont need investment summits to drive home your advantage. Deliver to the companies which seek you, set a positive example, others will follow. Business are well informed and well connected. You dont need some clowns to convince them.

You don't seem to understand the real issue, do you? I was only lamenting our plight that we are not able to attract even paper projects because we don't seem to care attracting investors.

Oh ok.. so you need paper projects.. May I ask why? Just to boast in SSC in front of other state people?? I dont see any other reason to host a extravagant meet just to get some business leaders to blurt out some inconsequential numbers.

Who said we are not attracting investors? Didnt you see all the photos put up by the SSC roadsters? Didnt you read the industry employment numbers published? TN employs 17% of all industrial employees. What do you think of these numbers? It is the most urbanized state in the country with half of the population living in urban areas. Are you going to say it was because of some roadshows? If we have reached so far without "advertisements", can you explain why exactly we need them now? Is there any data supporting your thesis that it was the roadshows which brought the investment to Gujarat or Karnataka? By that I mean do you have any evidence to suggest that those states would not have got those investments if not for the meets? Any concrete statements from the participants who said that they came to know of the state's advantages only because of the meet and wouldnt have known if they hadnt attended it? I am asking for tangible effects of conducting these meets. I am not being adamant here. Show us evidence for your thesis and we will accept it.

I knew you were going to go there again. Yes we are leading in couple of fields alright. But what steps are we taking to develop or sustain our leadership. How do we keeps investments coming in that field? Are we doing enough?

So according to you, the solution is conducting investor meets?

what amnesia are we talking about?

Well you seem to remember Ratan Tata's quote but forgot Chandra's tribute to TN. Btw that was a meet where the CM met with IT investors. So we cannot say TN is not doing anything. It is just not getting the same press when Modi meets the business moguls. Anyway did any company invest just because they met CM? I dont think so. Each one has a long term plan, has land banks in different cities and will develop centres according to their strategy. If TN is in a advantageous position, they will expand their presence here for sure. They expand here because they have reason to do so, not because JJ asked them to.

Not exactly, we should not just "create infra" but also give equal importance to investor relations. For example,Tuticorin -Madurai corridor has a 4 lane expressway and vast stretches of barren land, so many engineering instts, large number of power plants coming up in the vicinity, along with a major port. Now tell me what has been done to promote that?
Creating infra is one part of the equation, the other part is being proactive
which is what I am trying to emphasize.

If the power situation is rectified, if there is a favourable investment climate, if the company and its executives feel the land is good for their occupation and are satisfied with the social infrastructure, they will come. These three if's are the things that government should concentrate on. There will be plenty of government business interactions where you can introduce these corridors to perspective investors. For example the Japanese delegation's meeting etc. China didnt have any investor meets but still its economy exploded in the last 3 decades, so was the case with Japan and Korea before it.

My sense of overblown importance for Inv Meets, is your misconception stemming from the fact I kept emphasizing its usefulness and you consistently downplaying it. Glad to know your are not against it because i was afraid you sounded the other way.

Ofcourse I am not against meets. As I have said, there was that IT meet a week ago and you didnt see me opposing it did you? My first reply was to your post that "oh such and such state held an investor meet and bagged so many lac crore investment, we missed " That attitude is what I am against. There is no use conducting an investor meet just for some "paper projects" and bragging rights.

[karkal]

shyam unakku thairiyam romba jasthi paa. periyavanga sollium mulichikkunu irukkara ala elupa try panriyae

[kvijayasundaram]

Originally Posted by TShyam

Oh really? I asked "There was never any functions anytime in TN history.. how did he invest in the first place?" and you replied "States have improved their infrastructure and investment policies by leaps and bounds. Get out of your slumber and see whats going on outside." What was my question and what was your reply? I specifically asked how did so many investments come in the first place without parties and you are replying that was because TN had an advantage earlier which it is losing now which is exactly what I am trying to say. If TN is losing it, it is not because it didnt indulge in summits.

I have said it several times and I don't mid saying it again. We earlier had the advantage of good infrastructure and manpower compared to other states, but that's not the case anymore. That gap has closed. All the states are almost on par or even better on infra. At this point the only way to attract investment is to be pro-active and project investor friendly image.

Why do you refuse to accept it?

If you are not believing anything, why are you arguing here? I thought that you believed the projects announced in the summits were real. Thanks for admitting it is just ullaloyee.

I only said I don't believe the numbers which are inflated. I Never doubted the fact that Japanese have big presence in TN, or Investor meets will bring in big ticket investments to GJ and KA. How you understand it, is up to you. Of course you will try to twist the statements to your favor because you want to read it that way.

Job fairs are not imperative.. you can use monster.com or linkedin. My point was that they dont create jobs.

There you go, back to square one. Job fairs are not there to create jobs but provide jobs to aspirants. Sure Monster/linked in are always there, but you can only post your resume and wait for a call. But do you realize, in a job fair you can have face to face interview and actually convince/impress an employer. Now tell me honestly which one is better?

Similarly you dont need investment summits to drive home your advantage. Deliver to the companies which seek you, set a positive example, others will follow. Business are well informed and well connected. You dont need some clowns to convince them.

See, this is exactly my biggest problem with you. So You want your CM/officials sitting in the chair and expecting investor to come to them and ask for favors and you respond well and make them happy.
That's not going to work anymore, Unfortunately, Those times have climbed mountain( sorry for the poor translation).The investors now are literally hijacked by other states. That is the ground reality.

Oh ok.. so you need paper projects.. May I ask why? Just to boast in SSC in front of other state people?? I dont see any other reason to host a extravagant meet just to get some business leaders to blurt out some inconsequential numbers.

God.. How do I make you understand? The numbers quoted n IMs may not turn out to be 100% reality and I have accepted it 100 times, But look at the scale. Even if 10% becomes a reality, it is still an awesome number. There are precendents for this from GJ summit where a huge amount of these petro investments became reality. IOC, Shell are few examples

Who said we are not attracting investors? Didnt you see all the photos put up by the SSC roadsters? Didnt you read the industry employment numbers published? TN employs 17% of all industrial employees. What do you think of these numbers?

You keep talking about the past and I am worried about future.
The photos you saw were industries that started construction 4-5 years back. If you have not noticed, things have changed. States have become competitive and fierce. Haven't you seen Puegeot slipping out of TN due to heavy lobbying despite the fact that chennai had a better infa and eco system?

It is the most urbanized state in the country with half of the population living in urban areas. Are you going to say it was because of some roadshows? If we have reached so far without "advertisements",

Tn traditionally has had high level of urban population( mostly poor though). What is there to brag about it. Again that was due to high level of industrialization in the past.

can you explain why exactly we need them now?

I guess, this is the 100th I am saying. "Because the competition is fierce".

Is there any data supporting your thesis that it was the roadshows which brought the investment to Gujarat or Karnataka? By that I mean do you have any evidence to suggest that those states would not have got those investments if not for the meets?

Any concrete statements from the participants who said that they came to know of the state's advantages only because of the meet and wouldnt have known if they hadnt attended it? I am asking for tangible effects of conducting these meets. I am not being adamant here. Show us evidence for your thesis and we will accept it.

Look we are not here to do thesis on how effective Roadshows are in drawing investments. At least I don't have the time to do that. However there are so many media reports that tell home many of those paper investments turned out to be reality and what kind of experience the investor had in the meet.
I will definitely post that info when I come across. Is that good enough for you?

My strong conviction is Ford and Puegeot were possibly lured to GJ after hearing Tata's Nano experience at the Investors meet. Do you have any reason to disagree?

Our goal here to see what can help investors turn their heads towards TN by effective marketing. Any suggestion from you is welcome too but not sitting on the chair and waiting for investments.

So according to you, the solution is conducting investor meets?

No, its not a solution. Its an effort we have to put. What results you get out it depends on how sincere and well equipped you are. Of course empty promises will not get you anywhere.

Well you seem to remember Ratan Tata's quote but forgot Chandra's tribute to TN. Btw that was a meet where the CM met with IT investors. So we cannot say TN is not doing anything. It is just not getting the same press when Modi meets the business moguls. Anyway did any company invest just because they met CM? I dont think so. Each one has a long term plan, has land banks in different cities and will develop centres according to their strategy. If TN is in a advantageous position, they will expand their presence here for sure. They expand here because they have reason to do so, not because JJ asked them to.

Pardon my ignorance. Who is Chandra? and what did he say? Is he bigger than Tata? Glad to hear CM met with him, this is a good sign too, Did he commit any investments though?
Understood, everybody has long term plans but there are several instances where plans are changed just by lobbying/luring with incentives and favors.
Most of the times the investors have 3-4 choices in location and go to the state where they are pampered. All other factors like infra/manpower take backseat. That's what I am screaming about. Be proactive, not reactive.

If the power situation is rectified, if there is a favourable investment climate, if the company and its executives feel the land is good for their occupation and are satisfied with the social infrastructure, they will come. These three if's are the things that government should concentrate on. There will be plenty of government business interactions where you can introduce these corridors to perspective investors. For example the Japanese delegation's meeting etc. China didnt have any investor meets still exploded for the last 2 decades, so was the case with Japan and Korea before it.

I don't disagree with any of the points. As always infra development needs to be attended to before you can lure investor.

Ofcourse I am not against meets. As I have said, there was that IT meet a week ago and you didnt see me opposing it did you? My first reply was to your post that "oh such and such state held an investor meet and bagged so many lac crore investment, we missed " That attitude is what I am against. There is no use conducting an investor meet just for some "paper projects" bragging rights.

Why? Why are you against that attitude?
Our neighbor state says they had a IM and convinced investors to invest 2 lakh cr. Now why shouldn't we try the same trick and see what we come up and find out if its true or not rather than just dismiss that as bogus news?
Whats wrong in learning from others?

[N.kumar]

The idea of investor summit was made popular by Modi alone.

Karnataka is following the BJP model after yeddy led a 2 days brainstorming meet of mla,s officials, again Gujarat model. Modi addressed this meet.

AP has done this meet, as its being blasted left right an centre by people for its worst admin.

Go see its power situation. Its worse than what muka left TN in. There is no admin.

Ask andhra people and reporters you will know. Ka has done only one meet and Ap has done its fooling arnd now.

There is a difference between meets in GJ and state like AP.

Many of these MOu are used by companies to mop funds.

what TN need is to gets it power and road infra along with pressuring centre to get port issues sorted, and strategic railway investment.

And then land bank being built.

That will go a long way.

[ranga]

One(actually three) last question(s)! What are we going to lose by having a investor meet? and Why do you have to be so against it? Why this raging negativism towards investor meets. Nothing can go wrong after all! isn't it.[/QUOTE]

No Govt in power in the state is inclined towards investors meet in TN.Is it because of inferority complex or incapability to arrange such meet or overconfidence or the native pride that thinks that why should we conduct meets to attract investments as it will come on its own to this great land of intellectuals.

[ranga]

Originally Posted by N.kumar

The idea of investor summit was made popular by Modi alone.

Karnataka is following the BJP model after yeddy led a 2 days brainstorming meet of mla,s officials, again Gujarat model. Modi addressed this meet.

AP has done this meet, as its being blasted left right an centre by people for its worst admin.

Go see its power situation. Its worse than what muka left TN in. There is no admin.

Ask andhra people and reporters you will know. Ka has done only one meet and Ap has done its fooling arnd now.

There is a difference between meets in GJ and state like AP.

Many of these MOu are used by companies to mop funds.

what TN need is to gets it power and road infra along with pressuring centre to get port issues sorted, and strategic railway investment.

And then land bank being built.

That will go a long way.

First sort out Kundankulam power plant issue.Your CM is totally indifferent to this issue.improving road infra is in the hands of the state govt but in TN oflate things in this direction is moving very slowly.speed in executing the infrastructure projects is important that will only impress the prospective investors.I know ur CM mind very well she is more to gimmicks,populism and vendetta and flattering by the people around her.Developments issue are given least priority.sorry to say this becos i know her very well and she too knows me well since a long time.

[karkal]

Originally Posted by ranga

One(actually three) last question(s)! What are we going to lose by having a investor meet? and Why do you have to be so against it? Why this raging negativism towards investor meets. Nothing can go wrong after all! isn't it.

No Govt in power in the state is inclined towards investors meet in TN.Is it because of inferority complex or incapability to arrange such meet or overconfidence or the native pride that thinks that why should we conduct meets to attract investments as it will come on its own to this great land of intellectuals.[/QUOTE]

B'cos we want other states become the richest in the world.