Chennai discussions II

[Vicvin86]

Originally Posted by kongutamizhan

Few energy/oil companies dictate the foreign policies. Till this post I too thought that's what you are trying to say. I was shocked to read this post, damn cultural shock I say

Now I'm confused, neenga US nallavangannu solreengala, kettavanganu solreengala?

I said US will not issue visa(foreign policy) to Modi but will encourage business with him(investments). Similar to China US relationship. Everyday you can see US cribbing about human rights in China and China about US bullying. But that has no effect on business.

[Vicvin86]

Originally Posted by kvijayasundaram

emabssies provide accurate info about all states not just TN. If the infrastrucutre/opportunities are about the same in two states. I will pick the one that impresses me, pampers me and make me confortable.

Assuming TN does not pamper, impress and makes investor comfortable how we are the most urbanized state and leading industrialised state? We are still getting investments..

what did we lose in domestic side?
When was the last time, that big ticket industrial investments landed from national biggies like Tata, Reliance, Essar, ITC etc.

TCS Tata group thane? ITC has huge presence in Ennore.

[kvijayasundaram]

Originally Posted by Vicvin86

Assuming TN does not pamper, impress and makes investor comfortable how we are the most urbanized state and leading industrialised state? We are still getting investments..
TCS Tata group thane? ITC has huge presence in Ennore.

Pls look at the population stats again, There are few states which are turning urban at a faster rate than TN, so the position may not be permanent, if we stay complacent. Also being urban does not always mean being prosperous. Also TN has worrying urban poor numbers.

I am not questioning you about the investments that came in 1990s' and early 2000s Please enumerate the big ticket investments from national biggies that came after all these states jumped in Investor-Meet Bandwagon.

[karkal]

Originally Posted by kvijayasundaram

emabssies provide accurate info about all states not just TN. If the infrastrucutre/opportunities are about the same in two states. I will pick the one that impresses me, pampers me and make me confortable.



what did we lose in domestic side?
When was the last time, that big ticket industrial investments landed from national biggies like Tata, Reliance, Essar, ITC etc.

Domestic side - TN created largest TV network

As far as TATA's are concerned they didn't give 33%. If they are so arrogant we cannot do anything. If this the pampering and bonhomie you are talking about I can perfectly understand.

[R2IChennai]

Investor meet or not, TN is not number 1 like Mah to be complacent, we have to do whatever it takes to drive investors towards us

look at the FDI stats, in 2005 Guj had 3.1% TN had 6.5 % now both are 6% (almost same as Guj and AP is close behind us)

http://dipp.nic.in/fdi_statistics/india_fdi_index.htm

[karkal]

Originally Posted by R2IChennai

Investor meet or not, TN is not number 1 like Mah to be complacent, we have to do whatever it takes to drive investors towards us

look at the FDI stats, in 2005 Guj had 3.1% TN had 6.5 % now both are 6% (almost same as Guj and AP is close behind us)

http://dipp.nic.in/fdi_statistics/india_fdi_index.htm

Don't get me wrong, I'm for increasing all types of investment both domestic and international.

I'm also concerned about our poor education, infrastructure standards. We definitely need to buckle up. Otherwise we'll never do justice to the potential of this great state and its people.

[Arasu]

True for the whole nation.

Even when GOI went for the tamasha of CW games, I felt that money should have been spent on building infrastructure for schools in all states. Billions of dollars spent and now the structures are lying uncared for.

Had the money been spent on building schools and libraries, Indian kids would be getting better education.

[bonoslack7]

Originally Posted by R2IChennai

Investor meet or not, TN is not number 1 like Mah to be complacent, we have to do whatever it takes to drive investors towards us

look at the FDI stats, in 2005 Guj had 3.1% TN had 6.5 % now both are 6% (almost same as Guj and AP is close behind us)

http://dipp.nic.in/fdi_statistics/india_fdi_index.htm

Neither the state gov. nor the investors can take proper decisions in a limited period of 2-3 days of investor meets.

[kongutamizhan]

Originally Posted by Arasu

True for the whole nation.

Even when GOI went for the tamasha of CW games, I felt that money should have been spent on building infrastructure for schools in all states. Billions of dollars spent and now the structures are lying uncared for.

Had the money been spent on building schools and libraries, Indian kids would be getting better education.

atleast andha facilities ellam ul-vaadagaikku vittu, naalu paaratu vizha nadathi varra panathula pulla kuttingala padikka vekkalam.

adhayum seyya mateengranga, cricket thavira vera sport encouragem pannamatengiranga

[kvijayasundaram]

Originally Posted by bonoslack7

Neither the state gov. nor the investors can take proper decisions in a limited period of 2-3 days of investor meets.

Its subjective and depends on how prepared the state and the investors come to the meet and how serious both are. It changes from investor to investor and state to state.
Its hard to generalize and say IMs will/will not work. What works for GJ may/my not work for TN. but you will know only when you give it a try and be sincere in the efforts.

[JoeyJ]

Happy Pongal To All!!

[karkal]

Originally Posted by kongutamizhan

atleast andha facilities ellam ul-vaadagaikku vittu, naalu paaratu vizha nadathi varra panathula pulla kuttingala padikka vekkalam.

adhayum seyya mateengranga, cricket thavira vera sport encouragem pannamatengiranga

+1 goli , ghilli kuda vilayada mudiyatha alavukku veedu kattranga

[TShyam]

Originally Posted by kvijayasundaram

Fine, you can keep saying "you don't think so, it will not work" without any proof and I will keep saying "I think so". We can keep doing this for the next ten pages. Is that what you want to do? I don't think this is very productive.
Lets end this discussion and move on to some other topic

Fine by me too. Atleast now I am convinced the bashing happening here in SSC if some other state conducts some meet and announces insane figures doesnt have any basis.

[Vicvin86]

Originally Posted by R2IChennai

Investor meet or not, TN is not number 1 like Mah to be complacent, we have to do whatever it takes to drive investors towards us

look at the FDI stats, in 2005 Guj had 3.1% TN had 6.5 % now both are 6% (almost same as Guj and AP is close behind us)

http://dipp.nic.in/fdi_statistics/india_fdi_index.htm

TN govt is for 7 million living inside TN. We cannot expect everything to come here. How will you feel if every heavy industry is in Maharashtra and every IT park in Bangalore only? What is the FDI amount in 2005 and the one now? And if you are worried about 'others' getting investments I got nothing to say.

http://texmin.nic.in/fdi/fdi_data_2.pdf

If TN received 6.5% FDI before 2005 the above link shows who got more....

[murlee]

Industry's non-cooperation delays setting up of pharma cluster in Chennai

Notwithstanding the steps being taken by the union ministry of MSME for setting up a pharma cluster in Chennai to help the pharmaceutical manufacturing units, the efforts so far did not bear fruit as the industry is not co-operating with the government scheme, lamented S Subburaju, assistant director, MSME, Government of India.

He said the government of India had allocated Rs.15 crore for creating common infrastructure facilities required for the cluster development in Tamil Nadu. If it is not utilized, the amount will go waste soon, he said while delivering a lecture on “Central Government Incentives” in the awareness program organized by state drugs control department in association with IDMA and TN-PMA in Chennai.

“We have initiated work for setting up the cluster. In the diagnostic study conducted by us, we have identified 350 companies in Chennai zone. We approached the Pharmaceutical Manufacturers Association and other industry organizations for the purpose, but little co-operation was received. The industry is not co-operating with our scheme, so it is failing. However, regular awareness programmes are being conducted,” he told Pharmabiz on the sidelines of the meeting.

If the cluster is formed it will help promote and strengthen the existing infrastructure facilities to make Chennai pharma industry a globally competitive one. The units can reduce the cost of production by 20 per cent within 3 years and world class manufacturing practices can be adopted. The state capital will become one of the off-shoring locations for R&D, manufacturing and supporting, he said.

According to Subburaju, there are 350 pharmaceutical manufacturing companies in Chennai, which include 30 bulk drug industries and the turnover of these units come around Rs.2152 crore. The estimated export turnover of pharma cluster is Rs.1060 crore. With the formation of the cluster, three districts will be benefited, Chennai, Kancheepuram and Thiruvalur.

While canvassing the industry people into the scheme, he said government is providing Rs.2.50 lakhs for the diagnostic study, 50 per cent will be given in the beginning and the remaining amount will be given on receipt of Diagnostic Study Report of the scheme. The officer reminded the leaders of the industry to expedite the DSR before March this year.

The drugs control director, S Selvaraju, who presided over the meeting, said pharmaceutical companies in Gujarat follow the cluster concept. So the industry leaders in Tamil Nadu should positively study the cluster concept.

However, Tamil Nadu IPA secretary J Jayaseelan said that there is no benefit for the industry by establishing a cluster expending huge sum of money because as per Schedule M all manufacturing companies should set up all the facilities including warehousing, ETP, Lab etc. Since the industry units are fragmented in various locations, the cluster will not help the industry. Each industry has its own policies and marketing strategies which it does not want to share with others. Since every industry has to comply the norms of Schedule M, nobody will go after the cluster scheme. “It is not viable and after all useless,” he told Pharmabiz.

Unlike other industries, responded B Sethuraman, president of PMA, pharma industry has its own problems.Practically this scheme is not viable. But he said a common laboratory will sometimes benefit the units.

S Lekshmi Narayanam secretary of Alathur Pharmaceutical Manufacturers Association (APMA), said he is encouraging his members to co-operate with the cluster scheme he has developed at Alathur, near Chennai.

http://pharmabiz.com/NewsDetails.aspx?aid=67024&sid=1

[karkal]

Originally Posted by murlee

Industry's non-cooperation delays setting up of pharma cluster in Chennai





http://pharmabiz.com/NewsDetails.aspx?aid=67024&sid=1

GODFATHER of Madurai is running this industry sorry ministry (chemicals). What else to expect ? If these guys don't understand what the industry wants , why don't they conduct "Industry Meet" ?

[karkal]

TVS Logistics in talks for PE funds

Harini Subramani, harini.s@livemint.com

http://www.livemint.com/2012/01/1521....html?atype=tp


Chennai-based TVS Logistics Services Ltd is in talks with private equity (PE) investors for a second round of funding, three people familiar with the development said.

“We have not yet decided the quantum and stake of the investment,” managing director R. Dinesh said in a telephone interview on Saturday.

The firm has plans to raise money from the equity market in the future, and this round of funding is a step in that direction since it would help his firm to achieve scale, Dinesh said.

“While around 20 private equity investors had approached the company initially, the company is in talks with four of them, including KKR (Kohlberg Kravis Roberts) and Temasek,” said a person familiar with the deal.

“They (TVS) are looking to raise around $50 million from private equity investors and this will be through both a primary and secondary route,” said another person involved in the deal. He added that Kotak Mahindra Capital Co. Ltd is the investment banker for the transaction and consultancy Ernst and Young is involved in the due diligence.

Both the people requested anonymity.

Queries to both Kotak and Ernst and Young remained unanswered. Responding to an email query, a spokesperson at Temasek Holdings Pvt. Ltd, said: “It is our long-standing policy not to comment on market speculation about possible investments.” A KKR official did not respond to calls.

With the additional money, TVS Logistics, which has a turnover of around Rs.1,200 crore, will seek to make acquisitions in new and existing markets, said Dinesh. “We are looking to expand our footprint in the domestic market and globally,” he said. The company is eyeing expansion in Southeast Asia, Turkey and South Africa. “As we are a customer-focused company, we expand in geographies where our clients seek to expand in,” said Dinesh.

TVS Logistics, earlier a business unit of TV Sundram Iyengar and Sons, was established as a separate firm in December 2004.

It serves clients in the manufacturing space, including the automotive and industrial productions segments.

The Goldman Sachs Group Inc. and TVS Capital Funds Ltd are minority stakeholders in the company, having invested Rs.100 crore each in 2008.

The TVS Group holds over a 60% stake. With the fresh round of equity infusion, it is likely that PE investors together will hold over a 25% stake, said the first person quoted above.

TVS acquired Michigan-based Manufacturers Equipment and Supply Co., a US-based logistics company, almost a year ago. “We added three new clients through this and we are looking to expand into Europe through them,” said Dinesh. In 2013, the company will expand in Asia, China and Thailand, he added.

The logistics sector has been seeing increasing PE interest in recent months. General Atlantic Llc announced an investment of $104 million in Mumbai-based Fourcee Infrastructure Equipments Ltd on 9 January. India Equity Partners invested an undisclosed sum to acquire the domestic road operations of freight and logistics company TNT Express in India on 5 January.

Warburg Pincus India Pvt. Ltd invested $100 million in Chennai-based logistics firm Continental Warehousing Corp. Ltd on 11 April 2011, and Aegis Logistics Ltd raised Rs.64 crore from Kaup Capital’s Infrastructure India Holdings Fund Llc on 25 February 2011.

According to Venture Intelligence, a research service focused on PE and mergers and acquisitions, PE investments in the logistics space in India declined from 17 deals worth $491 million in 2008 to 10 deals worth $182 million in 2009. In 2010, there were 11 deals worth $245 million.

[R2IChennai]

Originally Posted by Vicvin86

TN govt is for 7 million living inside TN. We cannot expect everything to come here. How will you feel if every heavy industry is in Maharashtra and every IT park in Bangalore only? What is the FDI amount in 2005 and the one now? And if you are worried about 'others' getting investments I got nothing to say.

http://texmin.nic.in/fdi/fdi_data_2.pdf

If TN received 6.5% FDI before 2005 the above link shows who got more....

Thats the whole point, tommorow TN will get 3% you will say the same answer
My point is other states are growing and no point in talking our 50 year old advantage blah blah ..

[karkal]

Elections are over. we have passed the hot ball to the person who was at the helm in 2005. Let's wait for 2012 fdi results to come we'll discuss it again.

[sshivakumar]

சென்னை: சென்னை சேப்பாக்கத்தில் அரசு அலுவலகங்கள் இயங்கும் எழிலகம் கட்டடத்தில் பயங்கர தீ விபத்து ஏற்பட்டது. தீயை அணைக்க முயன்ற தீயணைப்புப் படை வீரர் ஒருவர் பலியானார். மேலும் 3 பேர் படுகாயமடைந்தனர்.

இந்த சம்பவத்தில் அலுவலகத்தில் இருந்த முக்கிய ஆவணங்கள் அனைத்தும் எரிந்து சாம்பலாயின. இந்தத் தீ விபத்தின் பின்னணியில் சதிச்செயல் இருக்கலாம் என்று சந்தேகிக்கப்படுகிறது.

பொங்கல் திருநாளை முன்னிட்டு அரசு அலுவலகங்களுக்கு தொடர் விடுமுறை விடப்பட்டுள்ள நிலையில், நேற்று நள்ளிரவு 12.30 மணியளவில் இந்த தீ விபத்து ஏற்பட்டது.

இங்கு பல அரசு அலுவலகங்கள் செயல்பட்டு வருகின்றன. இங்குள்ள வணிக வரி அலுவலகத்தில் தான் முதலில் தீ பிடித்துள்ளது. இதையடுத்து அருகில் இருந்த சமூக நலத்துறை அலுவலகத்திற்கும் தீ பரவியது.

கட்டத்தின் வாட்ச்மேன் பாகு என்பவர் உடனடியாக தீயணைப்புப் படையினருக்கு தகவல் தந்தார்.
தகவல் அறிந்ததும் தீயணைப்பு படையினர் விரைந்து வந்து தீயை அணைக்கும் பணியில் ஈடுபட்டனர். 15க்கும் மேற்பட்ட வாகனங்கள் தீயை அணைக்கும் பணியில் ஈடுபடுத்தப்பட்டன.

ஒரு மணி நேரத்தில் தீ கட்டுப்படுத்தப்பட்டது. இதையடுத்து தீயணைப்புப் படையின் சென்னை மத்திய மண்டல அதிகாரி பிரியா ரவிச்சந்திரன், இரவு 1.30 மணிக்கு கட்டடத்துக்குள் நுழைந்தார். அப்போது, திடீரென மேற்கூரை இடிந்து விழுந்தது. இதில் அவருடன் உள்ளே நுழைந்த தீயைணப்புப் படை வீரர் அன்பழகன் (55), அந்த இடத்திலேயே உடல் நசுங்கி பலியானார்.

பிரியா, தீயணைப்பு நிலைய அலுவலர் முருகன், மற்றும் பிரபாகரன் ஆகியோர் பலத்த காயமடைந்தனர். இதையடுத்து மூவரும் மருத்துவமனையில் அனுமதிக்கப்பட்டுள்ளனர்.

தீ தொடர்ந்து கொழுந்துவிட்டு எரிந்து வருகிறது. 150க்கும் மேற்பட்ட தீயணைப்புப் படை வீரர்கள் தொடர்ந்து தீயை அணைக்கும் பணியில் ஈடுபட்டு வருகின்றனர்.

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