Economy of Chennai - Wikipedia. Tidel Park, one of the largest software parks in India. Recent estimates of the economy of the entire Chennai Metropolitan Area have ranged from US$5.

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US$6. 6 billion (PPPGDP), ranking it from the fourth- to sixth- most productive metro area of India. Other important industries include petrochemicals, textiles and apparels. The city has a fully computerised stock exchange called the Madras Stock Exchange. Chennai was recently rated as having the highest quality of life among Indian cities ahead of the other three metros and Bangalore, based on the . Chennai has improved its global ranking to 1.

It is now ranked at 2. Asia in terms of livability, up from 3. Of these, 5,1. 96 companies has a paid- up capital of over . Chennai has been rated as the most attractive Indian city for offshoring services according to A T Kearney's Indian City Services Attractiveness Index 2. The city is now the second largest exporter of IT and IT enabled Services in the country behind Bangalore.

The IT Corridor, on Old Mahabalipuram Road in the southeast of the city houses several technology parks, and, when completed, will provide employment to close to 3. Besides the existing Tidel Park, two more Tidel Parks are on the anvil in the IT corridor.

One is under construction at the Siruseri IT Special Economic Zone (. A number of SEZ have emerged in and around Chennai. The Mahindra World City, New Chennai, a Special Economic Zone (SEZ) with one of the world's largest high technology business zones, is currently under construction in the outskirts of Chennai. It also includes the World's largest IT Park by Infosys.

Chennai is currently the largest electronics hardware exporter in India, accounting for 4. Semiconductor companies like SPEL and Tessolve have announced plans to set up or expand manufacturing and R& D centers in the city. Companies like Flextronics, Motorola, Sony- Ericsson, Samsung, Cisco and Dell have chosen Chennai as their South Asian manufacturing hub. Chinese smartphone maker Huawei plans to their manufacturing unit in Chennai. Products manufactured include circuit boards and cellular phone handsets. Big EPC and Energy companies have set up their Engineering centres which include Mc.

Dermott International, Det Norske Veritas (DNV), Saipem Project Services ltd, Technip, Foster Wheeler, Mott Mecdonald, Petrofac and Technimont, Vestas, Suzlon, etc. Austrian company . Mahindra & Mahindra have a manufacturing plant under construction in Cheyyar, which is about 1.

Chennai. The city is a major centre for the auto ancillary industry. Hyundai is in the process of setting up engine plant in the city. Ford is planning to invest $5. Chennai plant. Chennai will turn out close to 1.

U. S. It houses the world's second largest Research Valley- The Mahindra Research Valley. The Heavy Vehicles Factory, Avadi produces military vehicles, including India's main battle tank: Arjun MBT. The Railway Coach building factory of the Indian Railways, the Integral Coach Factory. Chennai boasts a transaction volume which serves 9. Free Games To Download Free on this page.

World through Back office operation. At present, it is home to four large national level commercial banks and many regional and state level co- operative banks. Several large financial companies and insurance companies are headquartered in Chennai. The city serves as a major back- up centre for operations of many banks and financial companies of the world. Medical tourism. Home to some of India's best health care institutions such as Apollo Hospitals, the largest health care provider in Asia. Cherian Heart Foundation, Chettinad Health City and Adyar Cancer Institute, Chennai is a preferred destination for medical tourists from across the globe. Chennai is a textile industry hub with a large number of apparel industries located in the Ambattur- Padi industrial zone in the northern suburbs of the city.

The city also has a large leather apparel and accessory industry. SEZ's for apparel manufacture and footwear are under construction in the southern suburbs of the city. Chennai is the cradle for world- renowned Madras shirts.

Traditional Arts. It is the capital of the Carnatic Music and Bharatanatyam scene in India, and there are many venues in which artists perform throughout the city. There is also a large theatre scene and contemporary visual art scene in the city. Entertainment Industry. Because the film industry is largely centered on a local area called Kodambakkam, the Tamil film industry is popularly referred to as Kollywood. Aerospace Industry.

The project is a pioneering initiative to mark India's entry into the global aerospace industry. The aero park will enable global players to design, manufacture and maintain all types of aircraft for both civilian and defense needs. It is to be established as a Public- Private Partnership (PPP) entity. The city is home to Ashok Leyland Defence Systems, Rane and 5. It also has the largest Aerospace R& D facility in India which is controlled by Mahindra Aerospace. References. Brookings Institution. Retrieved 8 May 2.

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