Chennai- The rising industrial hub of India

Read this article to know the industrial growth of Chennai, the capital of Tamil Nadu. Popularly known as 'Detroit of India', it has a huge industrial sector, which is producing enormous job openings.

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  1. From automobile, manufacturing to IT, Chennai has a sprawling industrial base, which has witnessed the presence of industry giants. In 1950s and 1960s, Chennai — then Madras — was called the 'Detroit of India’. The city was an automobile hub; the first motorcycle and bicycle were produced in Madras; the bullet motorbikes were assembled and manufactured in the city. TI Cycles set up their first integrated cycle factory in Ambattur. In 1960, TAFE, the second largest tractor manufacturer in the country, opened its business center in Madras. Renowned name, MRF made its presence felt in the industrial segment of Chennai at the same time. The TVS, Amalgamations and Rane Groups started producing all components of different automobiles.

    However, by 1970, the state started losing its sheen. It was the era of the license raj. Businessmen were required to get permission to set up new business centers from Delhi. Many Madras-based industrialists were not happy with this move and as a result, the automobile market lost its market share to other states. The title of 'Detroit of India' was become mere a joke.
  2. However, in 1990s, Madras was ready to face the world again and no one could have foreseen that the city was again established itself as the major automobile hub. The fast development of the automobile sector has produced enormous job openings in Chennai for people searching for the right opportunity.

    Mahindra- Ford preferred Tamil Nadu over Maharashtra for its main assembly plant. After this point of time, Madras, which became Chennai, never looked back. Ford set up its factory in Chennai, followed by Hyundai. Ever since, there has been non-stop action going in the automobile market of the city. Moreover,the state has managed to grab the attention of five other automobile giants- Mitsubishi, Daimler, Nissan, Renault and BMW — and is the only state in the country which houses 7 auto leaders. On top of it, USA's Caterpillar, Japan's Komatsu and South Korea's Doosan have selected Chennai to set up their large earth moving equipment manufacturing plants. The main reason which has encouraged automotive players to invest in Tamil Nadu has been the friendly policy of the government. Since 2006, the government has been providing special incentives to organizations who are making more than Rs 4000 crore investment in the region. Apart from that, tax sops, easy land acquisitions and speedy implementation of projects have attracted automotive players of all hues and sizes. Chennai has a capacity to produce over two millions vehicles a year. Everything that comes from bicycle to tractors, is manufactured here.
  3. It is amazing to note that Chennai is not only about automobile. It runs neck to neck with Bangalore & Pune in terms of IT growth. The city is the second largest exporter of IT & IT enabled services in the nation, only behind Bangalore. The IT corridor on the Old Mahabalipuram Road is expected to produce 3 lakh job openings in Chennai. At present, over 4 lakh employees are working in IT & IT enabled service companies in and around Chennai.

    You will be surprised to know that the city has more BPOs per sq.ft. as compared to the other parts of the country. The World Bank chose to set up its back office operation inChennai. Similarly, many multi- national companies have opened their research & development centers, and the move has opened up new job openings in Chennai.

    Below are some of the IT companies situated in Chennai-

    1= Aricent
    2= Accenture
    3= Cognizant Technology Solutions
    4= Capgemini
    5= CSC
    6= EDS
    7= SAP AG
    8= Oracle Corporation
    9= Cisco Systems
    10= HCL
    11= HP
    12= IBM
    13= Infosys
    14= Satyam
    15= Sun Microsystems
    16= Symantec
    17= TCS
    18= Verizon
    19= Wipro
    20= CSS Corp
    21= Dassault Systèmes
    22= eBay
    23= Honeywell
    24= Vmware
    25= Intel
    26= Amazon
    27= Tech Mahindra
    28= IGATE Patni
    29= Adobe Systems
    30= AT&T
    31= MindTree
    32= Ford Sync
    33= Ramco Systems
    34= Bosch
    35= Deloitte
    36= CA Technologies
    37= Microsoft

    There are hundreds of job openings available in the IT sector of Chennai, and therefore, whether you are a fresher or an experienced professional, you should make a move towards the city in search of an IT opportunity. In 1983, Dr. Pratap Chandra Reddy set up the Apollo Hospitals in Chennai and it brought a revolution in the healthcare sector of the city. Touted as 'India's healthcare capital', Chennai offers world's impeccable healthcare facilities.
  4. Chennai is recognized as the banking capital of India as the city houses all top domestic and foreign banks. Currently, it is home to four large commercial banks and various other regional & state level co-operative banks are also located in the city. Some of the prominent financial institutions which are offering job openings in Chennai are-

    1= World Bank
    2= Standard Chartered Bank
    3= ABN AMRO
    4= Bank of America
    5= The Royal Bank of Scotland
    6= Goldman Sachs
    7= Barclays
    8= HSBC
    9= Deutsche Bank
    10= ING GroupAllianz,
    11= Sumitomo Mitsui Banking Corporation
    12= The Bank of Tokyo-Mitsubishi UFJ
    13= Abu Dhabi Commercial Bank
    14= Asian Development Bank Credit Suisse
    15= BNP Paribas Fortis
    16= Deutsche Bank
    17= Citibank
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