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

Major software companies in Chennai

Major software and software services companies including Altran, Accenture, Cognizant, Capgemini, DXC Technology, SAP SE, Oracle Corporation, Cisco Systems, HCL Technologies, Hewlett Packard Enterprise, IBM, CGI Inc., Infosys, Sopra Steria, Symantec, Tata Consultancy Services, Verizon, Wipro, Virtusa, UST Global, Atos, Dassault Systèmes, Fujitsu, NTT DATA, LTI, Honeywell, VMware, Intel, Amazon.com, Inc., Tech Mahindra, Fiserv, Adobe Systems, AT&T, Philips, AstraZeneca, Wolters Kluwer, TransUnion, Ernst & Young, L&T Technology Services, Mindtree, Shell Business Operations, Athenahealth, Ford Global Technology & Business Center, Ramco Systems, Optimum Infosystem, Deloitte, Microsoft, Temenos, Synechron, KPMG, PayPal[12] have development centres in the city. The city is now the second largest exporter of IT and IT enabled Services in the country behind Bangalore.

Tidel Park—one of the largest software parks in Asia—was set up on 4 July 2000 in Chennai.

The IT Corridor, on Old Mahabalipuram Road in the southeast of the city houses several technology parks, and, when completed, will provide employment to close to 300,000 people. Besides the existing Tidel Park, two more Tidel Parks are on the anvil in the IT corridor. One is under construction at the Siruseri IT Special Economic Zone ("SEZ") and the other one is being planned at the current location of MGR Film City which is just before the existing Tidel Park, in Taramani on the IT Corridor. A number of SEZ have emerged in and around Chennai. The Mahindra World City, New Chennai, a Special Economic Zone (SEZ) with one of the world's largest high technology business zones, is currently under construction in the outskirts of Chennai. It also includes the World's largest IT Park by Infosys.[13]

Zoho headquarters in Chennai

Special economic zones

A number of Special Economic Zones (SEZ) projects has emerged along the Grand Southern Trunk Road (NH 45), making it the SEZ corridor of Chennai. It includes MEPZ SEZ established in 1984,[14] Mahindra World City, New Chennai, Shriram Properties's Gateway SEZ, Estancia SEZ and ETL Infrastructure. It is also emerging as a major IT SEZ region with a number of huge investments by Infosys. Infosys has set up its largest development center in Mahindra SEZ while India Land Tech Park is developing a massive 500-acre (2.0 km2) SEZ which is estimated to have 20,900,000 sq ft (1,940,000 m2) office space for both IT and Electronics use. Shriram The Gateway SEZ, is an integrated township with IT/ITeS SEZ residential and mall, which is also home for IT majors like Accenture, ReDIM Information Systems, later the IT park is expanded to 4.6 million sft in association with Xander Group[15] and EISL is an IT/ITES SEZ by ETL Infrastructure at Chengalpattu on 260 acres (1.1 km2) is in the process of development.[16]

Software backend services

Chennai houses the permanent back office of the World Bank, which is one of the largest buildings owned by the bank outside its headquarters in Washington, DC.[17] The Chennai office, administrative and IT services of the bank, including the bank's software based analytical work in bond valuation which is estimated to be US$100 billion.[18]

Software as a service

Chennai has emerged as the "SaaS Capital of India" (SaaS is jargon for "software as a service".[19][20][21][22][23] The SaaS sector in/around Chennai generated $1 billion USD in revenue and employed about 10000 personnel in 2018.[22]

See also

References

  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.
  12. ↑ "Jobs by location | PayPal Jobs - PayPal". www.paypal.com. Retrieved 25 May 2018.
  13. ↑ "World's Largest IT Campus". Infosys, Mahindra World City. Archived from the original on 6 April 2005. Retrieved 6 August 2005.
  14. ↑ "Welcome to MEPZ Special Economic Zone". Archived from the original on 12 December 2009. Retrieved 3 December 2009.
  15. ↑ "Xander, Shriram Properties in ₹2,300 crore SEZ deal". www.thehindu.com/.
  16. ↑ "M/s. ETL Infrastructure Services Ltd". www.sezindiainvest.com/.
  17. ↑ Radhakrishnan, R.K. (26 May 2009). "World Bank decides to locate back office in Chennai". The Hindu. Chennai. Archived from the original on 30 May 2009. Retrieved 30 April 2021.
  18. ↑ "World Bank may ramp up Chennai BPO operations". Business Standard. Chennai. 17 November 2003. Archived from the original on 4 August 2020. Retrieved 28 December 2012.
  19. ↑ "Here's why Chennai is the SAAS capital of India". 24 August 2018.
  20. ↑ "A silent SaaS revolution is brewing in Chennai - Times of India". The Times of India.
  21. ↑ Samuel, Prabin (9 February 2020). "SaaSBooMi — The Shocking Secret why Chennai is the SaaS Capital of India!". Medium.
  22. 1 2 "Chennai is SaaS capital of India: Edappadi K Palaniswami". Deccan Chronicle. 11 October 2018.
  23. ↑ Goyal, Malini. "Chennai is quickly turning into the new hotbed for deep-tech startup". The Economic Times.
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