CII’s sustained efforts to drive State’s progress
Tamil Nadu, known as ‘the Detroit of India’, continues attracting investments from prominent automobile companies in India and overseas. It is to further promote development of the auto sector, its key focus area, that the Tamil Nadu Government has been offering investor-friendly schemes. There are over 3,000 MNCs operating in the State, and the latest figures reveal that the State produces 16 lakh cars and two lakh commercial vehicles per annum. In terms of GDP, Tamil Nadu maintains a high level of 7.9% against the country’s overall GDP of 7.2%. All this is clear indication that the State remains an uncontested leader in several fields, including automobiles.
These observations were made by Mr. M.C. Sampath, Tamil Nadu Minister for Industries, Steel Control and Special Initiatives, while inaugurating the CII Conference on ‘Ease of Doing Business in Tamil Nadu’ organised in Chennai.
Particularly referring to the fact that the former Chief Minister, the late Ms. J. Jayalalithaa, had announced the ‘Vision 2023’ policy aimed at assuring jobs for all, Mr. Sampath said that this major initiative led to the issuance in recent months of licence for a number of MSMEs and large-scale companies.
It is in order to attract further investments that the State Government is organising the Global Investors Meet 2019 in Chennai on January 23 and 24, which is expected to be attended by a larger number of investors than in the previous meet, he added.
Bu hikaye MOTORINDIA dergisinin December 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye MOTORINDIA dergisinin December 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
ATS ELGI launches new range of equipment for CV segment
GARAGE EQUIPMENT
VECV delivers 50 CNG buses to PMPML in Pune
VEHICLE ZONE
Lucas TVS chosen as one of India's best workplaces in auto industry
The certification was done by The Great Place to Work Institute which works with the purpose of giving companies an opportunity to benchmark their practices that make every workplace unique for employees
JAMNA AUTO launches new trailer air suspension, bullish on market success
Understanding the pulse of the Indian customers, drivers and operating conditions, the home-grown company has come up with an ‘Indian product for Indian roads at Indian price’, reports N. Balasubramanian
Bridgestone drives Saabri Logistics' advancement with top-notch end-to-end tyre management
It is never easy for a fleet operator to strike the right balance between tight revenues and rising fuel and parts’ costs. However, if chosen wisely, important elements such as tyres can help in business advancement. Rajesh Rajgor finds this to be true in the case of Saabri Logistics
ZF to invest Euro 200 million as part of ‘Refresh India' strategy
ZF has announced a significant investment of around Euro 200 million as part of a strategic consolidation of its business domains with renewed impetus to drive growth in the Indian market over the next decade.
Chasing records, making roads, with Tata trucks
Jagdish Kadam, Chairman & Managing Director, Raj Path InfraCon shares details with MOTORINDIA about striving to create a world record for the longest road constructed in 24 hours, his company operations, and his fruitful association with Tata Motors.
IPL-Shaw JV for DEF solutions takes flight!
Commenting on this development, Gautam Venkataramani, Director, IPL Shaw Solutions India, said, “India Pistons Limited’s customer experience, local manufacturing strength over 60+ years with research and development and application engineering expertise will be used to provide DEF system solutions with light-weighting, performance-oriented approach leading to CAFE focus.”
What COVID has taught the resilient auto retail industry
In this special Guest Column, Vinkesh Gulati, President, Federation of Automobile Dealers Associations (FADA), shares his observations and views on how the Indian automotive retail sector has weathered the COVID storm and the key learnings and takeaways from the experience
“Cautiously optimistic on growth as COVID continues, emphasis on strong exports and aftermarket” - Vinnie Mehta
Contributing more than 6% to the nation’s GDP as per reports in April 2021, the Indian automotive industry in its entirety provides employment to about ‘37 million people’.
