Energy 1.0 India Chennai more power more talent please

Chennai is becoming the new Detroit 1. Indian government bureaucracy has been a barrier for foreign investment, a decrepit infrastructure architecture. In response to barriers in bureacuracy and volatile politics, the Indian government will invest 30 percent of the funding. India invested $218 billion in infrastructure between the years 2002 to 2007 and between 2009 to 2012, the Indian government plans to spend $514 billion. The public spending will not be enough and the Indian government needs private investment as a major investor in India’s redevelopment. 2. India has 454 airports and 16 have international status. Airports Authority of India aims at upgrading 97 of the airports. 3. Average rail passenger speed is 50 kph and freight is 22 kph. Railways are the backbone of Indian growth. India has the fourth largest rail network. India Railway had a cash surplus of $6.17 billion in 2007-08. India Railways has earmarked $7.91 billion in 2008-09 for the plan. The government will build dedicated freight corridors in the Western and Eastern high density routes (Delhi to Mumbai and Delhi to Kolkata) 4. Indian Ports have delays at Ports, where, typically, it takes three days to turn around a container. In Shanghai it takes eight hours. Port redevelopment will be namely Kandla, Mumbai, Mormugao, New Mangalore, Cochin, Tuticorn, Chennai, Ennore, Vizag, Paradip, Kolkata. India has 12 major ports and 187 minor ports along its 7,517 kilometer coast line. 5. India requires 100,000 megawatts of power by 2012. India plans to expand capacity to 122 GW. 60,000 circuit kilometers of transmission network is expected by 2012 with an investment of $200 billion. There exists 150,000 Megawatts of untapped hydro power. 6. Ford has invested $1 billion in its Chennai plant deploying robots technology. Ford ($1 billion – 200,000 vehicles), Hyundai($2.3 billion – 650,000 vehicles), Nissan ($1 billion - 400,000 vehicles), Mercedes (72,000 vehicles), Renault, Daimler, and BMW. Estimates are 1.5 million vehicles a year. Chennai has five million people. Investments could create 200,000 jobs; 60 percent of the work force is agricultural. Tamil Nadu will provide the land, roads, and electricity for the car industry. (Reference Link) 7. Chennai has a port to import raw material; it has good infrastructure, and it has 80,000 engineers graduating for Chennai’s technology schools every year. Mahindra World City (3,400 acres) has attracted 30 companies to establish because of tax breaks and efficient infrastructure and expected to employ over 50,000 people. (Reference Link)