Business in ChennaiChennai has secured 2nd position among all the top business cities in India. As per the studies made in terms of cultural, economical and environmental aspects, Chennai is placed in the list of top 5 business locations of India. Chennai has two important ports Ennore Port and Chennai Port which helps in creating favorable business conditions in Chennai.
Chennai has many businesses doing well out of which automobile, software, medical tourism, petrochemicals, and textile are to be specially mentioned. Chennai has diversified talent pool which is an important factor for successful businesses running. Chennai also has fully automated stock exchange which is another positive factor leading to better business opportunity.
Software Business in ChennaiChennai is ranked as 2nd largest Software exporter. Chennai has the development centers of many world-famous software companies like Infosys, TCS and others. Many IT companies with CMMI-level 5 certification have their regional offices and head offices in Chennai. IT-corridor that starts from Adyar in south Chennai will help the IT business in Chennai reach soaring heights. Many renowned IT companies have their office setups at the Tidel Park, the biggest IT Park in Asia.
Some of the important software companies in Chennai are Virtusa(I) Private Limited, Spectra Innovations Incorporation, Larsen & Toubro Infotech Limited, Asahi Technologies and others.
Also Read: Companies in Chennai
Aerospace Business in ChennaiWith the growing demands for aircrafts in the domestic market of India, there is always a gap between demand and supply. Chennai has its one-of-its-kinds aero park named Chennai Aero Park proposed. This park will have units for aerospace designing, manufacturing and maintenance of the same. This will become one of the best and the largest aerospace ecosystem in the whole world.
The global companies in the aerospace industry will have their units to cater the needs of defense and civilian sectors. Chennai already has more than half-century manufacturers of aircraft components and has big companies like Ashok Leyland Defense Systems, Mahindra Aerospace, Rane already having their establishments here. In few years time, opportunities in aerospace business in Chennai are sure to increase manifold.
Automobile Business in ChennaiAutomobile Business in Chennai is rapidly growing and the city is becoming an important automobile market of the country. Continuous development of infrastructure, upscale of National Highway No. 45 and quite a fair numbers of automobile manufacturing units in Chennai have helped in the boom of automobile business in Chennai. Perambur in Chennai is known are “Detroit of India” due to huge production of automobiles.
The companies that have their manufacturing unites in Chennai are Ford, BMW, Hyundai, Renault, Nissan, Mahindra & Mahindra. The companies that are planning to open up their manufacturing units in Chennai are Naza and Prosche India. Volkswagen has already decided to open its manufacturing plants in Chennai.
Fort Motors is planning to have export of auto components costing $160 million to various other countries from India. Quick and efficient services from the administration of Chennai are important factors behind rapid growth of automobile business in Chennai. Many new cars like Getz from Hyundai Motors, Opel Corsa and Astra 2000 from General Motors have been launched from Chennai manufacturing units. Better employment options, good salary and high transportation cost are the reasons why more and more people in Chennai are buying their own vehicles which thereby leading to fast growth of automobile business in Chennai. Click here to read more on automobile industry
Textile Business in ChennaiTextile business in Chennai used to be a great business opportunity in the past years and over the time, more and more manufacturing units have been set up and textile business in Chennai has reached to a great height. The northern part of Chennai has Ambattur-Padi industrial belt that is famous for numerous garments industries and establishment that are set up here. Leather clothes and other accessories manufactured in Chennai have very good market in this city.
Famous companies like Chennai Textiles, Reliance Industries Limited, Loyal Textile Mills Limited, The Chennai Silks manufacture very good quality cotton and silk cloths and have demand world-wide. Showrooms like Nalli, Bombay Dying, the Raymond Shops and many other retail apparel shops in Chennai do great business.
Not only residents but tourists buy special apparels from these stores on regular basis. Chennai has its textile market in 4 important areas. One is the G.A Road where many small-scale textile merchants have their shops. Another area is wholesale and retail market located at Kothaval Chavday and Flower Bazaar area. Another one is in T. Nagar area. Purasawakkam is another area where many renowned textile shops are located.
Medical Tourism Business in ChennaiChennai is also known as the largest hub of medical tourism. The city has many renowned Government hospitals and super specialty hospitals where high standard treatment is offered by the best medical personal. Low cost of treatment, specialized medical personal, high standard of treatment and minimal waiting time in various hospitals and nursing homes of Chennai have made it one of the most preferred center for Tourism business in Chennai.
Presence of hospitals like MIOT Hospital, Apollo Hospital, Sankara Netralaya, Dr. Mehta Hospital, Madras Medical Mission, Fortis Healthcare, K.M Cherian Heart Foundation, Adyar Cancer Institute and other medical centers get many domestic and overseas patients. About 45% of the medical tourists coming to India come to Chennai City for treatment and about 30-40% of domestic medical tourists land up in Chennai for getting fast and better treatment.
With many big and small scale business houses already present in Chennai and many more eager to start their setups in Chennai, the city is going to be a very promising place for all business niches.