Archive for September, 2014

Is Chennai losing its industrial sheen?

September 23, 2014

Madras Heritage and Carnatic Music

The latest report on the competitiveness of Indian cities, released by the World Economic Forum, classifies Chennai as a city that is not “easy to do business in”. Ahmadabad is now ranked the best location to set up an enterprise. That may reflect the current political situation, but there is no denying that our city, which was holding second position four years ago, has slipped several rungs.

The reasons are not far to seek. The continuing power shortage is considered to be the biggest and most visible issue, but there are several others. One of these is the inordinately high price of land in the city and its environs. The second is the failure in providing infrastructure in most locations. The last and, perhaps, the most important is the inaccessibility of decision-makers in the Government.

That Chennai has been unable to provide land at reasonable rates for the setting up…

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