Chennai Case Study

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Chennai has become an important destination for trade and tourism, in recent years. It has evoked as a city with tremendous potential for industrial growth because of its economic viability and available infrastructure. The State Government Departments are geared towards increasing trade and commerce links with other countries and also developing greater industrial growth. The entire boom in the trade and business of Chennai city accounts largely for its rapidly growing population. More businesses and job opportunities in the city lure people from in and around Chennai and settle in here. Major multinationals have already set up their branch offices in Chennai, leading to more people being hired by these companies. So, the population of Chennai has grown rapidly in the last 20 years, due to major industrialization and tremendous growth (Census of India, 2011). In the Census 2001, Chennai city population was at 4.216 million while the agglomeration developed around it is estimated to have nearly twice the population. It houses roughly 25 per cent of the country's 1.8 million Information Technology (IT) workforce and earns about Rs. 360,000 million annually through software exports. Further, the North Indian IT and other specialists / experts have started moving to Chennai city for core industrial …show more content…

Chennai is currently the largest electronics hardware exporter in India, accounting for 45 per cent of the total exports in 2010-11. Telecom giants Ericsson and Alcatel-Lucent, Pharmaceuticals giant Pfizer and chemicals giant Dow Chemicals have research and development facilities in Chennai. The TICEL Bio-tech Park at Taramani and Golden Jubilee Bio-tech Park at Siruseri houses biotechnology companies and laboratories. Chennai has a stock exchange called the Madras Stock

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