According to the communications ministry, over the last 24 months, the Indian telecom and IT industry has received foreign investment worth $ 19.2 billion across 36 projects. All the big names are already here--be it Nokia, Motorola, Ericsson, Alcatel Lucent, Cisco, Qualcomm, Samsung, LG, Flextronics, Jabil Circuit and Foxconn. There are a many more in the race to set up either a manufacturing facility or a software development centre. Some have both.
Interestingly, a large chunk of these investments are in and around Chennai. It does help that communications minister Dayanidhi Maran is from Chennai.
Could this be the beginning of India emerging as a manufacturing base for telecom and IT companies? Seems likely at this stage. Plus, there are three projects to make semiconductor chips being planned around Hyderabad. The big advantage is the number of jobs that have been generated in Chennai. While a large chunk will be for tech-savvy people, it has opened up avenues for all allied services in and around these factories. This is one initiative that many ministers could emulate in their constituencies.
3 comments:
The infrastructure facility and the larger government apathy is a farcry from the gift wrapped investment destinations being promoted.
The international airport and allied handling services are the pits . This industry is heavily dependant on air freight and the labour unions use it to make a killing .
now this is starting to look like a real blog. good show boss. keep at it!!
Well, all told, the infrastructure in Chennai is way ahead of that in Bangalore. Plus, it also has a port. But with no action yet on modernising the Chennai airport, it could lose out to Bangalore, where the new airport should be ready by end-2008. After all, Sriperumbudur is on the highway to Bangalore. So, maybe another round of competition.
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