While Bangalore is losing out on projects due to politics, Chennai is gaining because of politics!!
With the party running the State Goverment and the main opposition party part of the coalition in Central Goverment and both trying to win laurels from people before next election its boon time for Chennai and TamilNadu. Lots of new projects, new companies opening up centers and improvement in road infrastructure.
Latest in these, Cisco is investing about US $ 10 million for a lab to be setup jointly with BSNL, Chennai. Read more in lazygeek’s blog.
BMW is setting up plant in Chennai near Mahindra City. They will be importing not the complete assembled car but only half and then assemble in the Chennai plant. Their investment will be about Rs.10 crores.
Ericsson is setting up a lab in collaboration with Bharti Telecom which will run to million of dollars.
Chennai is picking up after its slow start and gaining more from Bangalore’s loss.