As investors such as Ford, Hyundai, Nokia and, most recently, BMW have discovered to their delight, Tamil Nadu has managed to avoid or mitigate problems that dog other locations in India, such as infrastructure and energy failings. Through pro-active and business friendly government policies, the state has harmonious industrial relations, a matured business culture and abundant skilled manpower.
Things should only get better: several new fly-overs and by-passes are under construction that will ease traffic congestion in heaving Chennai, and an ‘IT Expressway’ project will widen the main access road to that city’s thriving software cluster. This hints at Tamil Nadu’s real secret weapon: Chennai’s IT corridor employs nearly 50,000 people, and this number is set to increase to as much as 90,000 when some of the major IT companies investing there get their operations up and running.
Hong Kong earns the title of Asian city of the future with India and Australia picking up the regional honours. Read on to see who’s doing most to attract foreign direct investment.
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