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