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End Of The Turf War At MCCI, Vellayan Subbiah Presides Over As Chief Guest
This is an annual ritual. Such annual events used to trigger quite an excitement. Well, the Madras Chamber of Commerce and Industry (MCCI) held its 189th annual general body meeting on the evening of July 25 in Chennai. Vellayan Subbiah, Executive Chairman of Cholamandalam Investment and Finance Company Ltd., a Murugappa group company, addressed the meeting as the chief guest. His coming was indeed significant. Does it reflect a change ? A trip down memory lane will put things in perspective and help one understand the larger implications of the presence of Vellayan Subbiah at the MCCI annual general body meeting. In mid-90s when the global automobile giants were readying to enter India, especially Chennai, a section of leading industrialists in Chennai wanted L Lakshman of Rane group and MCCI past President to steer industry body ASSOCHAM (Associated Chambers of Commerce and Industry ) as its President. Ostensibly, he was preferred because of his stature in the auto component industry. But two leading groups – the MA Chidambaram and Murugappa – were pitching for their not so popular family member, heading a firm to be the president of ASSOCHAM. The move by the other side to work for the election of Lakshman as the president of ASSOCHAM reportedly upset these two groups. Consequently, 8 companies each belonging to these two groups moved out of MCCI. The Madras Chamber of Commerce, being the oldest chamber in the country ,was one of the promoters of ASSOCHAM. Given this backdrop, Vellayan Subbiah as Chief Guest at the MCCI annual meet has set tongues wagging. Well, the MCCI mandarins have reasons to cheer as it may signal the end of the turf war that MCCI saw three decades ago.
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CII, FICCI, Assocham Overdrive In Tamil Nadu Gives Local Trade Bodies Shivers
State governments across the country are jostling with each other to lure investment. They spare no effort in making their state a desirable destination for investment.  Tamil Nadu, too, is keen to attract global investors. The DMK Government is gearing up to organise global investors’ meet in 2024. Even as the Stalin regime is trying hard to hard-sell Tamil Nadu, many national trade bodies such as the Federation Indian Chambers of Commerce and Industry (FICCI), Associated Chambers of Commerce (ASSOCHAM), CII, ICC and the like are vying with each other to get a prominent space in Tamil Nadu. They already have offices in Chennai. They are not willing to leave any stone unturned to gain more than toehold in Tamil Nadu.  They are bringing to bear everything they could to represent the interest of Tamil Nadu. The heightened activities of the national trade/industry bodies have thrown a big challenge to the native chambers. There are many local chambers such as Madras Chamber, Southern India Chamber, Hindustan Chamber, Tamil chamber and the like. Most of the native chambers are traditionally supported by the family business houses in this part of the world.  With the national chambers aggressively pushing their claim to represent Tamil Nadu, the local trade bodies are finding the turf hard. Perhaps, they need to re-invent their role.

TRENDS & VIEWS

Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”