Friday, 18 September 2015

Global Investors Meet | How successful?

  • BACKGROUND:
    • Gujarat started
    • States such as Madhya Pradesh, Chhattisgarh and West Bengal have taken a cue from Gujarat in staging their own investor summits, stirring up a bit of competition. 
    • Also, those such as Karnataka, Telangana and Andhra Pradesh came across as being more proactive in seeking hi-tech industries. Tamil Nadu has always underplayed itself.
    • latest - Tamil Nadu
  • Significance:
    • Employment
    • Income
    • Infra development
    • GDP contribution
    • Export potential --> CAD better
    • Tax revenue --> FD better
  • Challenges/Limitations:
    • There is data to show how little of the investment promises actually translate to investment on the ground
    • clearances and the process of land acquisition take time.
    • grave power crisis  
    • infrastructure issues
    • health of the economy, both global and domestic. 
    • Limited: skilled manpower, peaceful industrial relations and a strong manufacturing ecosystem 
  • Solutions:
    • Ease of doing business
    • Labour and factory law reforms
    • Clearances - faster
    • Plug and Play projects
    • Skill India Mission
    • Infrastructure - SMART City, RURBAN Mission, ATAL Mission

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