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The city of Chennai has carved a niche for itself in the automobile,
software and industrial arena. In present day context, the city
is known as a large commercial and industrial centre apart from
Chennai's cultural heritage and temple architecture. The hospitality
of Chennai and its able workforce has attracted a large number of
corporates and MNCs to this prominent south Indian city.
Chennai is aptly called the automobile capital of India as half
of Indias automobile industry have a base here and a major
part of the nation's vehicles are being produced here. Several global
automotive companies such as Hyundai, Ford, Mitsubishi, TVS, Ashok
Leyland, Caterpillar, Royal Enfield, TI Cycles, TAFE and MRF have
manufacturing plants in and around.
Since the advent of IT - software development and business process
outsourcing and more recently hardware manufacturing have emerged
as major areas in the city's economy. In recent times, the city
of Chennai has been rated as the most attractive Indian city for
offshoring services. The IT Corridor, on Old Mahabalipuram Road
in the southeast of the city houses several technology parks. The
largest of these is Tidel Park, built by TIDCO. The Mahindra World
City, a Special Economic Zone (SEZ) with one of the world's largest
information technology parks, is currently under construction in
the outskirts of Chennai.
Multinational corporations like Nokia, Flextronics and Foxconn
are setting up electronics manufacturing SEZs in the satellite town
of Sriperumbudur while Ericsson and Alcatel have research and development
facilities in the city. Chennai also has two main biotechnology
parks, TICEL bio-tech park and Golden Jubilee bio-tech park at Siruseri
that house bio technology companies and laboratories.
With a conducive atmosphere, better infrastructure and brilliant
workforce, Chennai is definitely a good choice for investors and