CHENNAI-Industrial Development Post Independence

By shivam → Thursday, 26 January 2017

INTRODUCTION


Located on the Coromandel Coast , Chennai is one of the biggest hub of South India for cultural , economic and educational sectors . Talking about population , it is the sixth largest city of India , and this huge population makes Chennai suitable for industrial growth . This growing metropolitan city has been crowned as  " India's Health Capital " . Due to such a good market here ,Chennai houses a fast growing Industrial sector with its good inter and intracity networks ,thus providing it opportunities for smooth Trade and Industrial Growth .

TIDCO


This is a good step towards Industrial Development in Tamil Nadu , some of the key points about TIDCO are :
  •  Tamilnadu Industrial Development Corporation Limited (TIDCO) was established in May 1965 as a Government of Tamil Nadu Enterprise to stimulate industrial development and leverage capital investment through joint ventures.
  • TIDCO facilitates investment in large industrial and infrastructure projects in Tamil Nadu.
  • TIDCO promotes four types of Joint Ventures: Joint Sector (equity participation - Above 11% and upto 26%).
  • Associate Sector (equity participation of 2% to 11%).
  • Escort Sector (1%equity).
  • Escort Services(no equity participation).


TIDCO assists promoters in exploring opportunities, project evaluation, obtaining statutory clearances, land procurement, sourcing of technology, securing financial tie-ups and in positioning utilities sources like power, water, etc.
TIDCO has promoted several joint ventures for manufacturing products such as wrist watches, auto parts/components and metal halide lamps and products in sectors such as textiles, chemicals, petrochemicals, fertilizers and Pharmaceuticals. It has also ventured into Agro, information technology, bio-technology sectors and SEZs.

TIDCO is registered with the Reserve Bank of India as a Non-Banking Financial Company.

TIDCO is managed by a distinguished Board of Directors and ably supported by specialists in the industry and a diverse workforce.

TIDCO's MISSION: Partnership for Industrial / Infrastructure development.
Interfacing high technology & growth.
Business excellence.

TIDCO's VISION: To support the Govt's drive to make Tamil Nadu the No.1 State in India.


INDUSTRIAL DEVELOPMENT


According to Forbes magazine, Chennai is one of the fastest growing cities in the world and is rated in the "Forbes-Top 10 Fastest Growing Cities in the World".It is ranked 4th in hosting the maximum number of Fortune 500 companies of India, next only to Mumbai, Delhi and Kolkata. It also is home to 24 Indian companies having a net worth of more than US$1 billion. As of 2012, the city has about 34,260 identified companies in its 15 zones, of which 5,196 companies have a paid-up the capital of over  50 lakhs . 

Chennai has a diversified economic base anchored by the automobile, software services, hardware manufacturing, health care and financial services industries. According to the Confederation of Indian Industry, Chennai is estimated to grow to a US$100–billion economy, 2.5 times its present size, by the year 2025 . As of 2012, with  1 lakh crore investment in the pipeline over 5 years , the city is poised for major industrial investment . Chennai is classified as a global city by GaWC , with a ranking of Beta based on the extent of global reach and financial influence .

The city is base to around 40 percent of India's automobile industry and 45 percent of auto components industry . A large number of automotive companies including Hyundai, Renault, Robert Bosch, Nissan Motors, Ashok Leyland, Daimler AG, Caterpillar Inc., Komatsu Limited, Ford, BMW and Mitsubishi have manufacturing plants in Chennai . The Heavy Vehicles Factory at Avadi produces military vehicles , including India's main battle tank : Arjun MBT . The Integral Coach Factory manufactures railway coaches and other rolling stock for Indian Railways . The Ambattur–Padi industrial zone houses many textile manufacturers , and a special economic zone (SEZ) for apparel and footwear manufacturing has been set up in the southern suburbs of the city . Chennai contributes more than 50 percent of India's leather exports .

Many software and software services companies have development centres in Chennai , which contributed 14 percent of India's total software exports of 14,42,140 lakhs during 2006–07, making it the second largest Indian city software exporter following Bangalore . The Tidel Park in Chennai was billed as Asia's largest IT park when it was built . Major software companies have their offices set up here , with some of them making Chennai their largest base.


TRANSPORT SERVICES 


Outstanding transport services are the backbone of industrial development of any region . Chennai has a good transport network connectiong it to vatious important locations . Chennai is one of the cities in India that is connected by the Golden Quadrilateral system of National Highways . It is connected to other Indian cities by four major National Highways (NH) that originate in the city. They are NH 4 to Mumbai (via Bengaluru, Pune), NH 5 to Kolkata (linked via NH 6) (via Visakhapatnam, Bhubaneswar), NH 45 to Theni (via Villupuram, Tiruchirapalli, Dindigul) and NH 205 to Madanapalle (via Tirupati). Chennai is connected to other parts of the state and the Union Territory of Puducherry by state highways .
The government has constructed grade separators and flyovers at major intersections, and built Inner Ring Road and Outer Ring Road . The Gemini flyover, built in 1973 crosses over the arterial road, and eases the traffic movements towards Anna Salai and towards the Kathipara Flyover . As of 2011 , according to the Transport Department , there were 25.8 lakh two–wheelers and 5.6 lakh four–wheelers in the city , and the Metropolitan Transport Corporation (MTC) bus fleet were 3,421, which was 0.1% of the total vehicular population of the city.
Apart from this , there are good  freight services ( both offline and online booking available ) , which helps in the delivery of goods across various destinations . With growing digital world , now you can book these services online using various websites like GoodsOnMove which provide you a simple and easy booking service and saves your time , money and hassle!!
For more details , visit 
http://www.goodsonmove.com/
Goods On Move

It is a logistic firm focusing on truck booking with the transportation of freight all over India. We provide our clients a bidding platform which focuses on individual consignments and consignees.

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