Chennai – India

Chennai - India

Chennai Chapter

IGCC Chennai Chapter located at the nerve center of Tamil Nadu, the 375-year-old capital city of Chennai. What once was a sleepy fishing hamlet nestling by the azure waters of the Bay of Bengal has over the passage of time emerged as a metropolis, teeming with people, technology and temples. Drawing from the philosophy of constancy of change, with the world economies constantly swaying to the socio-political changes, the role of Chambers of Industry and Commerce has become dynamic. Tamil Nadu is the 2nd largest economy and one of the fastest growing States in India.

On the global scale, Tamil Nadu is ranked as 35th largest economy on PPP basis (larger than the economies of countries like Romania, Ukraine, Vietnam, Bangladesh, New Zealand, Norway, Finland, Denmark, Sri Lanka, Bulgaria, Uzbekistan, and Afghanistan.) The State is one of the major growth engines of the country with an average growth rate of over 9% in the last 9 years. It is also one of the top three FDI destinations in India. The State has 78 Special Economic Zones and 30,000 acres of land bank available for industrial development. Chennai is the capital of Tamil Nadu. The capital city is home to some of Fortune 500 companies including: Ford, Delphi, Visteon, Hyundai, Daimler Nokia, DELL, Flextronics, Nissan, Toshiba, Yamaha, Mitsubishi and Komatsu.

The city has India’s largest electronics cluster (located in Sriperumpudur). Tamil Nadu is the most urbanised state in India with a power generating capacity of about 18200 MW, the second largest among Indian states. It boasts of the largest telecom bandwidth and tele-density in India with 14.8 tbps (3 submarine cables), and over 8.4% of total subscriber base. The State has the third largest highways and rail network, 4 modern seaports, and 23 minor ports. Tamil Nadu’s Vision 2023 document targets to place the state in the league of Upper Middle-Income countries in terms of economy and social development.