news Wednesday, November 26, 2014 - 05:30
The News Minute| September 5, 2014| 9.00 am IST Four years ago, Chennai was one of the top best cities in India to do business in, edging even Mumbai out. Today, the latest World Economic Forum's Competitiveness of Indian Cities report has said that Chennai is not the easiest city to do business in . Industrial growth in the city has reduced from 20.93 per cent in 2009-10 to 1.61 per cent in 2013-14, said The Times of India. Moreover, manufacturing growth was negative in 2012-13 said the report.  The biggest problem have been the scheduled and unscheduled power cuts. “The government could have done several smart things, but they didn’t,” said an industrialist to TOI. Lack of land availability in and around Chennai and difficulty in accessing the Chief Minister were two other reasons highlighted for the drop in business investments. "She (Jayalalithaa) is the best person who can win over an investment. Unless she becomes more available for meetings, not much is going to happen on ground," the industrialist told TOI. A CEO of a multi-national IT company said that a solution could be reached only if the government took on the onus of promoting the city which needs political will, said the report. 
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