Software industry in Chennai

Chennai is the third largest software exporter in India, next only to Bangalore and Hyderabad. India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2017–2018 rose 8.8% per cent to touch 1,11,179 crore, involving a workforce of 780,000,[1] and the city is the hub for deep tech startup companies.[2] 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 lakh during 2006–07, making it the third largest Indian city software exporter following Bangalore, Hyderabad and the city is the home for 7 top rated IT companies out of 15 in India.[3] The Tidel Park in Chennai was billed as Asia's largest IT park when it was built.[4][5] Major software companies have their offices set up here, with some of them making Chennai their largest base. Chennai is the largest hub for e-publishing, as there are 67 e-publishing units registered with the STPI and many Rs.8300-Cr data centers, digital hubs are in the process of development.[6][7] A major reason for the growth of the Software industry are the top engineering colleges in Tamil Nadu, of which Chennai is a major contributor, have been a major recruiting hub for the IT firms. According to estimates, these engineering colleges and universities consistently generate about 50 per cent of the human resource requirements for the IT and ITES industry was being sourced from the state, particularly from Chennai.[8] The total employment in the Tamil Nadu’s technology sector crossed the one million (10 lakh) mark in the quarter ended June 2022.[9]

World Bank Office in Chennai

Since the late 1990s, software development and business process outsourcing and more recently electronics manufacturing have emerged as major drivers of the city's economic growth. Chennai has been rated as the most attractive Indian city for offshoring services according to A T Kearney's Indian City Services Attractiveness Index 2005.[10] After Bangalore Chennai leads No. 2 in software space absorption. [11]

Cognizant's corporate headquarters in Chennai
  1. ^ Babu, Gireesh (12 June 2018). "Tamil Nadu's IT, ITeS exports pick up pace in 2017-18, grow 8.55%" – via Business Standard.
  2. ^ "Chennai is quickly turning into the new hotbed for deep-tech startup". The Economic Times. Retrieved 28 April 2021.
  3. ^ "These are the best tech companies to work for in India". CNBC. Retrieved 28 April 2021.
  4. ^ "Ford's Rs. 200-cr. IT hub in Chennai". The Hindu. Chennai. 2 November 2000. Archived from the original on 30 January 2002. Retrieved 30 April 2021.
  5. ^ "Work ethics: How Indian cities fare". Rediff. Retrieved 30 April 2021.
  6. ^ "Chennai emerges a data centre hub with new projects worth ₹8,300 cr". The Hindu. Retrieved 30 April 2021.
  7. ^ "Adani to invest ₹2,500 cr to set up hyperscale data centre in Chennai". The Hindu. Retrieved 30 April 2021.
  8. ^ Sangeetha Kandavel. "TCS jumps the gun in campus hiring". The Hindu. Archived from the original on 16 October 2015. Retrieved 29 August 2015.
  9. ^ "One million and counting…Tamil Nadu tech workforce rises".
  10. ^ "Chennai most attractive city for offshoring services". The Hindu Business Line. 2 April 2006. Retrieved 8 March 2007.
  11. ^ "Bengaluru leads, Chennai No.2 in office absorption". The Hindu. Retrieved 30 April 2021.