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