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The new-age nomenclature such as startups, scaling, and fundraising could not be templated to capture the entrepreneurial spirit of Tamil Nadu. So launching Tamil Nadu Story is an endeavour to bring to surface those stories waiting to be told about Tamil Nadu.Tamil Nadu’s emphasis is different from the rest of India, and its strokes paint a varied hue. He also spoke of how time-honoured tradition has spawned industry in Tamil Nadu by quoting the example of a nearly 2,000-year-old practice in Rameswaram of making bangles out of conch shells.Ma Foi Pandiarajan, Tamil Nadu State Minister of Tamil Official Language and Tamil Culture.Several industrial clusters, such as the textile cluster in Erode/Tirupur and a mosquito net cluster near Karur, make the state’s entrepreneurial activity special.YourStory Founder Shradha Sharma said that entrepreneurs in this part of the country don’t thump their chests or shout from the roof. Many have a ‘tiger-embrace’ mindset (an allegory to a native word where the tiger tightly embraces its cub without letting it go independent) of not letting go of control or stake, and refusing to share their business expertise with strategic stakeholders, the minister pointed out. Murali, and Zoho’s Chief Evangelist Kuppulakshmi presented their own stories, telling the audience what propelled them to success.Pandiarajan said that Tamil Nadu entrepreneurs don’t focus much on scale, but go deep, slightly modifying the triple constraint triangle of project management.
The Murugappa group’s diversified businesses make it one of the largest groups in terms of size and scale, and the group has an impressive 200-year-plus history.Textile machinery from Coimbatore has a worldwide reach. Its flagship company TAFE, which manufactures tractors, is the second largest manufacturer in India and one of the largest in the world. The Amalgamations group, founded by the legendary entrepreneur Anantharamakrishnan, also has a fair share of global reach. Auto components for a majority of global automakers are produced by the TVS group. Though the press has reported on stellar success stories, they only appear in bits and pieces, while in reality, the international reach of a range of industries in Tamil Nadu is astounding.YourStory Founder Shradha Sharma speaking at the Tamil Nadu Story launch.Tamil Nadu ranks among the best in the country in terms of quality of enterprises and ethical practices. A culture of quiet excellence is embedded in the ethos of practice in the state.
Kamaraj is credited with bringing in industry-friendly policies. The governments in the state post-Independence gave a thrust to industrial activity. Out of the Big Three of the British era – Arbuthnot & Company, Binny & Company, and Parry & Company – only Parry’s has survived. Industrial hubs focused on a particular sector are present in the state – Chennai for auto components, Coimbatore for textile machinery and pumps, Tirupur for cotton garments, and Erode and Karur for textile accessories, to name a few.Industrial activity in Madras Presidency started during the British times. The one reason for Tamil Nadu’s overall development is the presence of some form of skill, which has become an industry over time, scattered across the state. Industrial clusters in several parts of the state have an export component built into them.
Murali, MD & CEO, Shriram Properties Kuppulakshimi, Chief Evangelist, Zoho and C.K. Pandiarajan, State Minister of Tamil Official Language and Tamil Culture M. Murugavel, Founder, Bharat Matrimony Shradha Sharma, Founder, YourStory Ma Foi K. Velumani, Founder, Thyrocare J. Venkataraman, who later became President of India, pioneered the concept of ‘industrial estate’ in the state, making it easy for many small-scale industries to flourish.From left to right: A.
The manufacturing sector, which formed the backbone of Tamil Nadu’s industrial activity, sprang to life again, this time going global. The licence-permit raj of the 1970s didn’t suit the Tamil Nadu entrepreneur.Their inability to wheel-and-deal in Delhi, and possibly a lack of speaking knowledge of Hindi, did mean industrial activity was low till 1991, when economic liberalisation infused fresh life into the industry. Sushila says that the distance from Delhi, the Centre’s lack of interest due to the dominance of regional parties, and companies not rushing to the stock market unlike their counterparts in North India make it seem that Tamil Nadu is not an industrially advanced state. Regional parties have ruled the state since 1967, changing the dynamics.
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