Located in the Coromandel Coast along the Bay of Bengal, Chennai, the capital of Tamil Nadu, is the nerve-center of economy, trade, culture, and education in the southern part of India – hence popularly known as the “Gateway to South India.” With ancient Gothic temples, Indo-Saracenic buildings, well-maintained gardens, different species of trees and migratory birds, rich flora and fauna, and a large expanse of white sands in the pristine Marina beach, Chennai has a lot to offer to even the most discerning expats and migrants.
The economy of Chennai, is estimated to reach US$100 billion by 2025, making the city one of the fastest growing economies in the world, according to a recent study by Forbes Magazine. Chennai also has the fourth highest number of Fortune 500 companies in India and 24 Indian companies with a net worth more than US$1 billion.
Key Industries and Job OpportunitiesThe capital of Tamil Nadu is the fifth best job destination in India, according to a Morgan Stanley report. The city has a diverse economic base driven by various industries, including the hardware manufacturing, automobile, healthcare, tourism, banking and financial service sectors. While being one of India’s largest exporters of leather, textiles, petrochemicals, and fashion accessories, Chennai is also home to the Tamil film industry and an emerging center of informational technology (IT) and business process outsourcing (BPO) services in the country. Generating hundreds of jobs in a wide variety of sectors, the city provides opportunities to both new and seasoned job seekers. Engineers, doctors, touring guides, IT professionals, chartered accountants, researches, managers, and non-skilled workers, Chennai attracts almost every professional, irrespective of their field of study, skill and experience levels.
AutomobilesChennai accommodates around 35 percent of all automobile companies in India, representing nearly 30 percent market share of the country’s automobile industry. The city, also known as “The Detroit of Asia,” accounts for a whopping 60 percent of India's automotive exports. Many of the world’s leading automobile companies have manufacturing unities in the city. The list includes TVS Motor Company, Ford, Mitsubishi, BMW, Hyundai, Yamaha, MRF, Nissan, Daimler, and Renault. Some of these companies, including BMW, Daimler, Nissan, Caterpillar, Hyundai, and the Mahindra Group even have R&D units in the city. The manufacturing sector also produces military vehicles at The Heavy Vehicles Factory at Avadi, while the Combat Vehicle Research & Development Establishment (CVRDE) on the outskirts of the city tests new engines. The automobile sector of Chennai produces 1.5 million vehicles every year and provides employment opportunity to thousands of fresher and professionals, skilled and unskilled workers, including automotive engineers, production managers, automotive designers, assembly line workers, chemists, drafters, test drivers, automotive technicians, painters, metal finishers, and electroplaters.
Information TechnologyChennai is the second largest exporter of information technology (IT) and IT enabled Services in India, after Bangalore. Many internationally acclaimed software development, software services, ecommerce and business process outsourcing companies have offices and R&D centers in the city. This includes IBM, Capgemini, Oracle Corporation, Infosys, HP, Accenture, Honeywell, Deloitte, Amazon, Microsoft, Tech Mahindra, Intel, IGATE Patni, Adobe Systems, Ramco Systems, Symantec, Cisco Systems, Bosch, AT&T, Sun Microsystems, Dassault Systèmes, Satyam and Verizon. The majority of IT companies in Chennai are located in the Tidel Park area and in the IT corridor along Old Mahabalipuram Road. The IT sector of the city absorbs more than three lakh people from India and around the world.
In addition to the above two industries, electronics & hardware, banking & finance, tourism & hospitality, biotechnology & pharmaceuticals, and petrochemical & textile sectors generate a lot of jobs in Chennai. The world’s top banks and financial institutions, including Standard Chartered Bank, HSBC, World Bank, Deutsche Bank, Bank of America, ING Group, The Royal Bank of Scotland and Goldman Sachs have offices and R&D centers in the city. The Special Economic Zone at Sriperumbudur houses several hardware manufacturing plants of the world’s top electronics companies, such as, Nokia, Samsung, Dell, Motorola, Sony, and Cisco.
If you are seeking rewarding career opportunities in the above sectors, Chennai is the place to be!