Tamil Nadu now the most developed Indian state, expects huge investments ahead!


Tamil Nadu now the most developed Indian state, expects huge investments ahead!

-Dr. Abdul Ruff Colachal

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It may be surprising to many but it is really true that Tamil Nadu in South India ruled by Chief Minister O Pannerselvam has become the most developed state in Indian subcontinent over years of rigorous planning for decades and has even overtaken Gujarat in West India in developmental index of Indian states.

The Madras state policy of  permanent developmental projects envisaged and set in motion by the then Congress government led by K. Kamaraj have come a long way in yielding fruits today, as old time policy has stood the test of times and done a marvelous job in the state in due course.

An Assocham study has named Tamil Nadu the number one state in India on development parameters. The South Indian state of Tamils has been ranked as the best performing state on eight out of nine development parameters like economy, power, roads and health while Kerala secured the second slot.

Except for education, Tamil Nadu remained the best performing state in all other parameters. The states have been given ranking on the basis of their performance in the years 2009-2011 and 2012-14, the industry body said. “Tamil Nadu has ranked among the best performing states in terms of eight out of nine development parameters like economy, power, roads and health while Kerala was a pleasant surprise on the second spot,” Assocham said.

Gujarat, Andhra Pradesh, Bihar and West Bengal were best performing states in four each of the nine parameters while Uttar Pradesh, Haryana, Karnataka, Haryana, Maharashtra and Odisha were best in three of the criteria, the study said. Kerala was the best state in overall general development, income and removing inequality, health, roads and overall development. Significantly, in three of their criteria, Odisha and West Bengal had two related to roads and availability of electricity, the two most important factors which can make them favourites among the investors. Both these states now need to put in place a favourable investment climate through policy interventions on land acquisition and other clearances and they could do much better. In terms of income and equality, states including Kerala, Telangana, Haryana, Himachal Pradesh, Andhra Pradesh Punjab performed well whereas the worst performing states were Assam, Madhya Pradesh, Bihar, Uttar Pradesh, Odisha, Jammu and Kashmir and Chhattisgarh.

Gujarat, Tamil Nadu, Maharashtra, Karnataka, Rajasthan, Uttar Pradesh and Madhya Pradesh were among the top states in industrial development. In the crucial area of road connectivity, Assam, Bihar, Kerala, Odisha, Uttar Pradesh, Tamil Nadu and West Bengal were the best states.

In fact incumbent AIADMK government is making all out efforts to make the still move further to create first calls cities in the state and improve the living conditions in villages as well.  The government is sponsoring the Global Investors Meet (GIM) to be held in Chennai in the month of May.   Tamil Nadu Government expects to sign memorandum of understanding for projects worth more than Rs 42,000 crore during the Global Investors Meet to be held in May. “I cannot reveal the names of those companies. We are expecting to sign more than (MoUs worth) Rs 42,000 crore. These are some big ticket investments…,” a senior government official informed the media.

The TN government has allocated Rs 100 crore for the two-day GIM, beginning May 23. A curtain raiser event with participation of several companies and chaired by Chief Minister O Pannerselvam was held last month. The government has also roped in several countries, including Japan, Korea and United Kingdom, as partner countries. “We are also planning to bring in Germany and the United States…,” the official said. Mahindra and Mahindra has already announced that it proposes to invest Rs 4,000 crore to set up a large manufacturing facility at Cheyyar in Kancheepuram District, that would roll out future models of the company and an MoU would be inked during the GIM.

Chief Minister O Pannerselvam says Tamil Nadu would emerge as the top preferred investment destinations in Asia with the proposed Global Investors Meet on May 23-24, said state governor K Rosaiah to the Tamil Nadu legislative Assembly today. The governor said, according to the foreign direct investment statistics published by the department of Industrial Policy and Promotion (DIPP), Tamil Nadu was ranked third among the Indian states in terms of foreign investment inflows. “I am confident the proposed Global Investors Meet (GIM) in May 2015 in Chennai will ensure the emergence of Tamil Nadu as one of the top three preferred investment destinations in Asia and the best state in the country,” he said.

Tamil Nadu had been able to attract Rs 44,402 crore worth foreign direct investment (FDI) during the May 2011-September 2014. Rosaiah said with several industry policies and other initiatives, including the New Industrial Policy and sector-specific policies for biotechnology and automobile and auto components in the state during 2011-14, the state had been able to attract a total incremental investment of Rs 258,382 crore, positioning it at second place in the country. Altogether, 3,358-Mw has been added to the power generation capacity in the state in the last four years, which has provided a huge relief to the state, he said. The completion of thermal power projects at Mettur, north Chennai and Vallur, led to an additional power generation of 2,500-Mw.  The Unit III of TNEB-NTPC 500-Mw JV project at Vallur, which is under trial run, is expected to commence commercial operation shortly. Works on Ennore expansion project for 660-Mw and Ennore special economic zone project-two units of 660-Mw each also commenced.

Strengthening the transmission network with a financial assistance of Rs 3,572 crore from the Japan International Co-operation Agency (Jica) was one of the major steps taken by this government to improve the quality of power supply, the governor stated.

The TN state government has achieved the highest-ever foodgrain production of 11 million metric tonne during 2013-2014. In recognition of the record production of 614,000 metric tonne pulses during 2013-2014, the state has been selected for the Krishi Karman award by the Centre. Under the flagship scheme of ‘Free Distribution of Milch Cows and Sheep/Goats’, so far 47,735 milch cows and 21.91 lakh sheep/goats have been distributed to the poor in rural areas. The state government has facilitated self help groups in the state avail Rs 18,302 crore worth bank credit during the last four years. He urged the Centre to provide early clearance for the extension of the Chennai metro rail project from Washermenpet to Thiruvotriyur.

TN governor also expressed hope the state’s request for including the 12 municipal corporations under the Centre’s ‘smart cities’ initiative would soon get acceptance. Rosaiah appreciated former chief minister J Jayalalithaa for her pursuit to secure the rights of the state in various inter-state river water disputes, which drew protest from the Opposition. Rosaiah said, “I must place on record my heartfelt appreciation to J Jayalalithaa for her relentless pursuit and untiring efforts to secure the legitimate rights of the state in various inter-state river water disputes. It is only because of her perseverance and courage the State could secure a historic verdict from the Supreme Court declaring the Mullaiperiyar dam as hydrologically, structurally and seismically safe and thereby enabling the state of Tamil Nadu to raise the water level to 142 feet.”

Meanwhile, Dravida Munnetra Kazhagam (DMK) supremo and former chief minister M Karunanidhi raised his concerns on the governor appreciating Jayalalithaa, who was convicted in a disproportionate assets case and had been sentenced for four years imprisonment. Karunanidhi wonders if the AIIADMK and BJP are trying to resurrect Jayalalithaa by making her look exceptionally great.

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