With the recent series of industrial developments Chennai has been experiencing, this area is seemingly becoming the regional information technology hub in India.
Some of the companies that are now operating in Chennai include TVS Srichakra, Fenner, and Madura Coats. There are also many business process outsourcing companies that are flourishing in Chennai. Since many companies are operating in the area, more opportunities are now becoming available for those living within the region.
In a report released by the Confederation of Indian Industries, Chennai actually has the potential to be a manufacturing hub, which can be packaged as a gateway to economic opportunities. This is aside from the fact that Chennai has long been considered a tourist spot which has been giving birth to job opportunities. In addition, the government has put much attention in economically developing the Chennai district to invite more investors in the area. In the past years, many industrial estates have been built in various key areas in Chennai to give way to the booming economic activities here that are mainly about information technology. Some of the industrial estates that are currently operational include:
* SIDCO Industrial Estate, Kappalur
* SIDCO Industrial Estate, K. Pudur
* Hoisery Estate, Uranganpatti
* Automobile Industrial Estate, Kappalur
* Electrical and Electronics Industrial Estate, Kappalur
Due to the presence of educational institutions and the quality labor force available in Chennai, more information technology firms and other companies are becoming interested in expanding their businesses in the area.
Chennai, also known as the Temple City, has indeed come a long way in terms of economic development and opportunities. For many years, it was Karnataka and New Delhi which dominated the IT landscape in India.
Now, Chennai is slowly adapting to this growing field. The IT landscape of Chennai is now dominated by huge companies such as HCL, TCS, and Honeywell. A lot of small and medium firms are also thriving in the city, and some others are planning their expansion.
On the average, Chennai and its neighboring cities can produce at least 15000 university graduates every year. There have, however, been some issues of concern related to the English proficiency of these students. Despite this, IT firms are constantly hiring employees in Chennai and nearby areas, since the area produces at least 9000 engineering graduates annually, which is of course an important field in the IT industry. Even if these graduates are not that proficient in English, they are known for their skills and talents as workers, prompting employers to hire them.
According to a NASSCOM research, “Chennai still needs to work on its local and international connectivity as well as other basic infrastructure before it can become a viable IT-BPO city.” This is one thing the government has been trying to work on that could further improve the economic state of Chennai.
As of this writing, more information technology and business process outsourcing companies are eyeing operation in Chennai that could give more employment opportunities to the city’s residents and those of neighboring areas as well. It may thus certainly be said that Chennai has become the IT hub of the southern part of India.
sourced from Asia Pacific Business and Technology Report.
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