Chennai and Ennore ports in Tamil Nadu are losing out while Sri City and
Krishnapatnam port in neighbouring Andhra Pradesh are gaining ground in
attracting trade and investment. Multinational automobile units for which TN
has world class infrastructure are shifting to the neighbouring state, the
state council of Federation of Indian Chambers of commerce and industry said.
The Industry is concerned over the uncertain political climate in the state
for the last several months Nr Ar Rm.Arun Chairman of the Council said in a
The state has the reputation for political stability but recent
developments have given the industry cause for concern on the way forward.
He was obviously referring to events of last two years ever since former
chief minister Jayalalitha was convicted by a trial court, her death following
two month long treatment and the instablity in the party after her death and
the impact on industrial investment.
The trade body has opined that Tamil Nadu faced issues relating to water
and transportation apart from communication and power. Ideally basic
necessities like water and transportation should not be an issue.
Modern solutions like desalination, recycling and user charges should be
utilised to tackle the shortage. The traffic issues faced in urban areas of the
state should be addressed through levy of congestion surcharge and improved
public transport system Mr Arun said while addressing the state council
Tamil Nadu which used to be leader in manufacturing in the country is
currently processing investment proposals worth Rs two thousand crores
including a five hundred crore investment by Yamahar Musicals, according to
Tamil Nadu Industrial guidance and Export Promotion bureau, the first point of
call for investment applications.