| The
market for “information technology-enabled services”
in India has been growing at a blazing 70 percent over the
past two years, according to a Nasscom-McKinsey study. In
a 1998 study, Nasscom rated Chennai as the best possible
location for software investments in India. IT companies
would benefit an overall cost of 30% -40% if their operations
are located in Chennai, Vis-à-Vis other international
cities.
Chennai’s
advantages such as good infrastructure facilities, excellent
corporate culture, highly skilled affordable manpower and
cordial industrial relations make it an important destination
for Information Technology Industries. While today’s
“cyber space” reflects the three dimensions
of electronics, telecommunications and computers, the fourth
dimension is the human resource-, which is available in
Chennai.
Chennai
has scored a highest rating of 3.20 on 0-4 scale and emerged
as preferred I.T. location-quotes ESC*.
Chennai
has multiple advantages. First it has an inherent advantage
in terms of the software professionals - we have one of
the largest pools of software professionals in the country.
Chennai is the only city, which can proudly claim to have
the following features
-
100% reliable and efficient telecom network.
-
Guaranteed adequate power supply by State
Electricity Board- compared to other Indian cities, which
have frequent blackouts.
-
Three Electrical and Electronic Estates.
-
Well-connected Air, Road and Rail network that includes-
light rail mass transit. Around ten International Airlines
provide connectivity from and to the city with international
and domestic airports. There are direct flights from the
city to major airports in Europe. East Asia and West Coast
USA.
-
Above 250 engineering colleges, 19
Universities in and around Chennai, and the world-renowned
Indian Institute of Technology, which are abundant
sources of technical manpower.
-
Some of the best medical facilities in
Asia.
-
Foreign and Nationalized Banks at almost
all nooks and corners - American Express, Standard Chartered
Grindlays Bank, Citibank, Honk Kong Bank, State Bank of
India, Indian Bank, Bank of Baroda etc.
-
Financial Institutions like ICICI, IDBI and HDFC
to accelerate industrial and economic growth.
-
An environment, which has attracted investments from World
Bank, Ford, Hyundai and Alcatel.
-
Cosmopolitan life - style - the private
beach houses and numerous beach resorts along the coast
of the bay of Bengal, including a five star resort, stand
as a testimony. Hundreds of restaurants and a host of
three and five star hotels offer multiple cuisines, including
Chinese, Japanese, Mexican, Continental, Western fast
food and the varied Indian treats. Exclusive clubs, Sabhas,
golf courses, tennis courts, billiards, snooker parlors
and a host of other recreational facilities available
for executives to wind off after a hard days work. An
array of plush shopping malls displays everything under
the sun.
-
Also, Chennai’s cost of living is relatively economic
in comparison to the other metros. If you visit Chennai,
you will agree that there is much more to the city.
*Electronics
and Computer Software Export Promotion Council (ESC) is
a non-profit, autonomous organization of the Ministry of
Information Technology, Government of India. *Economic Times
(online edition)*Picture courtesy-www.tidelpark.com
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