State Of The Economy 2012

Growing pains

The shortage of power and labour is pinching large enterprises and killing small players in Tamil Nadu

Photographs by RA Chandroo

Hosur is a five-hour drive from Chennai with fantastic roads for most part of the distance. As you enter the town, you spy a south Indian restaurant comfortably nestled between a McDonald’s and a Café Coffee Day, a definite sign of the times to come. Looking at it now, it’s difficult to believe that back in the 1970s, the central government had  declared the town a backward area. Among the large business houses that accepted sops to set up shop here were Ashok Leyland, TVS Motors, Titan and Carborundum Universal.