Chennai formerly known as Madras
is the capital of the Indian state of Tamil Nadu. Located on the
Coromandel Coast of the Bay of Bengal, it is one of the largest
cultural, economic and educational centres of south India. Chennai is an
economically powerful city on the south-east coast of India with rich
cultural heritage co-exists harmoniously with industrial and services
sectors that have successfully drawn people from across the country.
The
presence of ports and a long coastline enabled Chennai to develop into
an industrial city. The nature of industries evolved over a period and
Chennai currently houses numerous automobile companies, auto
ancillaries, electronics hardware and services sector driven by IT/ITeS
companies. Moreover, the Tamil Nadu Industrial Development Corporation
is contriving to set up an IT Investment Region in Chennai with an
investment of approx. INR 25,000 Crore. Chennai is poised to continue
its growth momentum despite the recent headwinds faced by the automobile
sector. Since the economy is not dependent individually on the sector,
the services and electronic hardware manufacturing are expected to keep
the economy strong. The planned and under-development infrastructure
initiatives are likely to unlock the latent potential of several
emerging localities and create opportunities for further real estate
development. As businesses thrive and expand, Chennai can be a ‘Next -
Best' City for Global Industrial Re-shoring in India.
Major
Industries Include – Automobiles, Electronics Hardware, Information
Technology, Petrochemicals, Textiles, Banking & Finance, Healthcare,
Construction & Real Estate