TN skilled manpower woos US investors
Pouring US investments into India, especially Tamil Nadu, reflects the rising interest among investors to tap the entrepreneurial and innovative talent available here.
By V Hemamalini, TNN |
CHENNAI: Pouring US investments into India, especially Tamil Nadu, reflects the rising interest among investors to tap the entrepreneurial and innovative talent available here.
The US companies are looking at opportunities in sectors like water, environment, clean technology and healthcare that would also have a larger social impact.
It is necessary to keep the progress growing to attract new entrepreneurs to this rapidly advancing state noted US Chamber of Commerce international affairs senior VP Dan Christman, in his inaugural address, at the Indo-US Economic summit, organised by the Confederation of Indian Industry and the US India Business Council here on Friday.
This is the first time in four years that a major business delegation from the US has come to visit Tamil Nadu. The state has witnessed a miracle, through reforms and by giving impetus to private enterprise. It is a manufacturing miracle, which has been seen across sectors. A look at the capabilities would clearly indicate that it is a gateway to south east Asia, he added.
US investors recognise the enterpreneurial and innovative talent available in India, which leverages US technology transfer and business/management skills as an important part of their global strategies, US consul general in Chennai David Hopper said.
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India and the US are both experiencing solid growth and a burgeoning expansion in bilateral trade and investment. "The growth would get a further boost from the continued surge we see in US companies that want to come to India," he added. He had told the delegation that any visit to India would be incomplete without a stop in the south.Tamil Nadu electricity minister Arcot Veerasamy, in his special address, said in less than a year since the DMK government come back to power, MoUs have been signed for setting up a host of large projects like Motorola (Rs 135 crore), Apollo Radial (Rs 520 crore), Caparo (Rs 300 crore), Tessolve (Rs 1,000 crore).
Industry secretary Shaktikanta Das said the state is not only a manufacturing powerhouse but also strong in electronic hardware manufacturing. Investors like Dell had evaluated 70 parameters before they chose the state to park their funds. Apart from the infrastructure, skilled manpower, the state has a business culture.
Responding to queries by US Chamber of Commerce president Ron Somers, Cognizant Technology Solutions vice-chairman N Lakshmi Narayan said the attrition issue is a challenge across sectors. Large scale investment in training and reinventing the education system had to be brought into focus.
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Apollo Hospitals managing director Preetha Reddy said the current legal framework of intellectual property rights is much better now with the entry of several drug companies. TIDCO chairman and managing director S Ramasundaram outlined the status of the several special economic zones in the state, including the IT SEZ, product specific SEZs and multi-product SEZs.
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