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About Tamil Nadu

Destination Chennai

About Tamil Nadu
Research Desk

About Tamil Nadu

Tamil Nadu, the fifth largest economy in India, has an GSDP of $70 billion (2007), contributing to 6% of the country’s GDP. One of the most industrialized states in the country, Tamil Nadu is riding on this economic development and spurring it further is a rapid wave of industrialization. Tamil Nadu has grown to become one of the manufacturing powerhouses in the country, especially in the textile and automobile sector.

Tamil Nadu has witnessed a strong inflow of investments in the manufacturing sector of around US$ 58.3 billion (Up to June 30, 2007), while the services sector also attracted investments worth US$ 15.1 billion.

Tamil Nadu is fast emerging as the new IT capital of India and has been ranked No.1 for IT outsourcing by AT Kearney, Nasscom and Gartner. Literacy levels in the state are among the highest in the country, with almost the entire population having access to primary education. The State is also emerging as the Hardware capital with leading companies such as Nokia, Samsung, Dell, and Foxconn setting up operations near Chennai.

Proactive policies formulated by government agencies and a continuous drive to upgrade its infrastructure to world-class standards are among the key enablers of this rapid growth in manufacturing and service sectors in Tamil Nadu.

Chennai, the capital city of Tamil Nadu is a unique blend of tradition and modernity. The city is home to some of the most well known companies in the world. BMW, Ford, Hyundai and Mitsubishi in the automotive segment; World Bank, ABN Amro, Standard Chartered Bank, and Verizon in the BPO space; Flextronics, Nokia, and Motorala, in Telecom manufacturing; EDS, Infosys, and Wipro in Software Services are just a representative sample of the star studded galaxy in Chennai.

Also found here, a vibrant social life all complete with malls, international schools, beaches and resorts.