Chennai Economy thread

[sridhar_n]

Originally Posted by Mad 4 Madras

I would encourage the forumers to use this thread to Brand Chennai.

Appreciate your eagerness, M4M.

But as someone already said, we have separate threads for various developments already - so what is to be posted in this thread? Will there not be many duplicate / Cross postings? Talking abt GDP/Income etc...is too much of economics and not all forurmers will understand or will be able to contribute.

[chennaidesi]

If you look at district wise GDP, I think Chennai,parts of kanchi and Thiru makes up to around 18% gdp of TN.

[vijay_t]

My opinion ......Instead of discussing this thread is needed or not, we may give a try and see its useful or not ....may be after some time which can discuss to have this or to delete...

If we post news in same thread its gives less opportunity to discuss every events ...may be if we diverse can help...

[Mad 4 Madras]

Originally Posted by sridhar_n

Appreciate your eagerness, M4M.

But as someone already said, we have separate threads for various developments already - so what is to be posted in this thread? Will there not be many duplicate / Cross postings? Talking abt GDP/Income etc...is too much of economics and not all forumers will understand or will be able to contribute.

True, we have threads for each and every project (like threads for each highrises, most threads are sleeping for long months), which also implies the core data is scattered. If one investor would like to know about the value of Sriperumpadur and Oragadam belt, the money pumped in last 5years, what infra support has been given there, what is future plan etc.. where he can get? He has to goto different threads and most of the times, the data is hidden between pages of unnecessary fights.

Why worry about cross postings, if this thread can index and sums those data?

[Mad 4 Madras]

Originally Posted by chennaidesi

If you look at district wise GDP, I think Chennai,parts of kanchi and Thiru makes up to around 18% gdp of TN.

I think that 39% pointer is based on some very old data from year 1991 or 2001. Would welcome anyone who can scan the latest stats (around 2009-2010) from any Government websites.

[robertashok]

Can anyone post the literacy rate in each of districts and also corresponding major industry there.

An excel should do the matter.

[Balah]

Originally Posted by ferrari_fan

This thread is slowly but surely losing its way and becoming more of a TN economy thread...

I agree with you though i have posted a few items about the projects around aero verticle that are proposed for outside Chennai (rest of TN). If this thread is not expected to have any message that are not specific to Chennai or not related to Chennai, i do not reckon that all the GDP/annual turnover of Chennai are not just the figures from the SEZs/any busniess units of Chennai alone...presumably a combined figure from other districts like Kancheepuram and Thiruvallur..!!

Alright, as someone said, let us try to make this thread to brand CHENNAI....

[wlbkng]

What happened to the chennai aero park? is it still on the cards.. there is no much information recently.. mahindra after acquiring the australian aircraft company said that they wud start a plant in b'lore aero park.. does anyone know what are the companies which have evinced interest in chennai aero park?? also what about the financial city..? have the works started?

[Indian Sun]

Chennai Aero Park is shifted to Madurai, I think.

[kg4129]

Nope... Planned in Meenambaakam, Hosur and Perambalur...

Originally Posted by Kewl Batty

Finally, RFP is up for the Tamil Nadu Aeropark Project. Seems like multiple locations

Chennai (Sriperumbudur & Meenambakkam), Hosur and Perambalur.



Here's the link for the RFP Document

These are the major components (Basically 3 different projects to be complemented with each other and also with the upcoming Hosur aeropark)

• The Aerospace components’ manufacturing park in an area of around 100 acres (expandable) in Sriperumbudhur near Chennai.
• The Maintenance Repair & Overhauling (MRO) facility for aircrafts near Chennai Airport.
• An Integrated Aerospace Park in Perambalur District.

[Mad 4 Madras]

Gained access to TN Government Site to pull over the district wise GDP results
Statistical Tables
Gross District Domestic Product

All results are until 2006-07 only, I could not get the latest one.
As per that, even if we add Kancheepuram and Thiruvellore district revenues with Chennai, Chennai Zone revenue would be a little more than 18% of State's GDP.

Another astonishing fact is Coimbatore's GDP is more than Chennai District. How true is this?

[murlee]

Maybe true as Chennai district includes only the 174 sq km area and not sriperumbadhur and oragadam areas where most of the investments hav taken place!!

[robertashok]

As per the Projection of 2010 the more than 50% of people suppose to live in urban places now, so in reality i guess it should be around 60%.

info from the statistics provided by M4M.

[Mad 4 Madras]

Here we go, TN ranks 5th among Indian State GDPs and Chennai ranks 2nd among TN District wise GDP, next to Coimbatore, if the datas are believed to be true.

I noticed, non of the Column total is coming correct if we sum the data

[murlee]

Lookout how Gujarat is catching up!! Modi is some man!!!

[saysenthil]

Murlee, please don't start comparing economies here. IF u wish to, please use other threads please!!

[saysenthil]

The diversified economic base of Chennai ranges into automobile, software, hardware manufacturing, financial service and healthcare industries.

Chennai is a base to about 30% of India’s automobile industry and 35% of the nation’s auto components industry, with some of the reputed player4s in the arena including Hyundai, Ford, BMW, Mitsubishi, The TVS Group (TVS), Ashok Leyland, Nissan-Renault, TI Cycles of India, TAFE Tractors, Royal Enfield, Caterpillar Inc., Caparo, Madras Rubber Factory (MRF) and Michelin, which have set up their manufacturing units in and around Chennai. In addition, the other notable industry segments include the Heavy Vehicles Factory at Avadi, which produces military vehicles, and the Integral Coach Factory that makes railway coaches and other rolling stock for Indian Railways.

The Ambattur-Padi industrial zone and some of the apparel and footwear manufacturers in the south Special Economic Zone produce textile goods.

Chennai accounts for over 50% of India’s leather exports.

The most famous Tidel Park is one of the many software parks seen across the Chennai City. Chennai is responsible for about 14% of India’s software exports, making the city the second largest software exporter of India after Bangalore.

Chennai is also an important manufacturing hub for electronics components and appliances with the leaders in the segment being corporations like Dell, Nokia, Motorola, Samsung, Flextronics and Foxconn.

Chennai is a home to a range of financial institutions like the World Bank, HSBC, Citi bank, which have their backoffice operations in the region.

Some of the reputed healthcare industry champions in the city include Apollo Hospitals, Sankara Nethralaya and Sri Ramachandra Medical Centre, which make the city boast of the best healthcare facilities across the nation in addition to attracting large number of medical tourists from several countries across the globe. In fact, Chennai is emerging as the country’s health capital inviting 45% of health tourists from abroad in addition to 30-40% of domestic health tourists.

http://www.2indya.com/2009/04/22/che...-and-industry/

My intention of putting up this article is the rev-up the points associated with Chennai economy. What we have & what might change due to the changes indicated in other threads!!

[Balah]

Do any of you have the list of companies (be it an IT company, production units, bla bla...) that are headquartered in Chennai..?? Probably a graph with years on one side and the companies on the other side will do.. Tnx in advance..

[R2IChennai]

Originally Posted by Mad 4 Madras

Gained access to TN Government Site to pull over the district wise GDP results
Statistical Tables
Gross District Domestic Product

All results are until 2006-07 only, I could not get the latest one.
As per that, even if we add Kancheepuram and Thiruvellore district revenues with Chennai, Chennai Zone revenue would be a little more than 18% of State's GDP.

Another astonishing fact is Coimbatore's GDP is more than Chennai District. How true is this?

Not very astonishing, the gdp mentioned there is only for chennai dist which is only part of chennai metro area, the population is almost same in 2001 for chennai and coimbatore and population growth is 10% and 20% respectively besides Chennai's suburb districts population growth is about 20% (yeah people are migrating to suburbs from core city areas and number of people moving in is less)

Please not we need to estimate the gdp growth with populaiton growth, the pathetic performance of delta districts shows how bad we are with agriculture, look at Tiruvarur, Nagapattinam and Thanjavur they were the Rice bowl and tamilnadu with fertile kaveri fed plains but today its worse than many drier western and southern dists

[Mad 4 Madras]

Cross Posting from Chennai Discussions thread

Originally Posted by satchitananda

SOURCE: http://www.thehindu.com/news/cities/...icle579150.ece

Chennai city has come a long way from the black and white Madras that we see in pictures: of wide, empty roads; a rare car or two amid trams, bullock carts and pedestrians; a commutable canal system; huge Colonial buildings; towering places of worship and some vast areas of nothingness.

Now all we see is roads chock-a-block with vehicles, a canal that serves as the city's sewage, buildings vying to touch the sky and expanding boundaries. This is what we call development. But is it in the right direction?

Measuring development

How does one measure development? For an urban professional earning in lakhs, development may mean being able to buy Audis and Porsches in showrooms in the city itself, but a slum dweller — who accounts for 19 per cent of the city's population — may see easy availability of clean drinking water as development. A highly subjective term!

Technically speaking, a city's development is measured by economy, traffic and transportation facilities, health system, housing, availability of drinking water, sanitation, educational facilities and many more commercial indicators inclusive of the city's versatile demographic needs.

“Our role models in development are not London or New York but the likes of Dubai, Singapore and Shangai,” says M. Vijayabaskar, Asst. Professor, Madras Institute of Development Studies. If you're dreaming about a Chennai that looks like glitzy Shangai or opulent Dubai, here's the spoiler: “It's not feasible!” feels Vijayabaskar. “Those countries have used violence, force (read large-scale displacement and usurping of lands) and government policies that will not work here because of the democratic set up.” For instance, Shangai can restrict the number of people migrating from rural areas to the city. Would this be possible in our city?

Good and the bad

Given that Chennai is pursuing development within limits, Vijayabaskar feels that public transport and the percentage of people living in slums is not bad. He also compliments the activity-based learning introduced in government schools, which he says has worked wonders (the city's literacy level now stands at 79.09 per cent).

On the downside, the mismatch between increasing population (According to Census of India (2001) and CMDA, it stands at 43.43 lakhs) and adequate planning is a concern, feels G. Manian, Urban Development Specialist, TNUDP - III. “We have to work to accommodate the growing population and concentrating only on the city will not help.” He suggests satellite towns like Sriperumbudur in the suburbs will also help decongest traffic.

Good urban land market, availability of developable lands, high standards of educational and health institutions, skilled and educated man power are seen as the city's strengths, while traffic congestion, inadequate infrastructure and water shortage are considered its shortcomings. Sample this: MTC has a fleet size of 2815 buses that operate along 551 routes, resulting in overcrowding as high as 150 per cent.

Mutual understanding

The government isn't completely oblivious to the problems. Flip through the Second Master Plan for Chennai Metropolitan Area, 2026, and it's obvious that it knows, for instance, that the ‘riding surface' is of poor quality, the footpaths are inadequate, the street lighting is poor and that intersections are poorly designed. Though priorities, resource availability, investment climate and many such factors may hinder development, Manian says that lack of implementation of the existing rules and public co-operation are the main deterrents. “The corporation is doing a great job, but the public should understand their role and co-operate,” he says.

While the public expect the government to work wonders and the government expects the people to fall in line, it is obvious that there is a gap between the two that needs to be filled, the beneficiary of which will ultimately be our Singara Chennai.

********************

City stats

According to Census of India (2001) and CMDA, Chennai's population 43.43 lakhs.

The literacy level is 79.09 per cent

Percentage of people below poverty line in the Chennai District is 9.58

Total strength of road network in Chennai City is 2780 kms.

Tamil Nadu's health indicators are among those of top five states in India.

According to the Commissioner of Municipal Administration, the extent of sewered area is 99 per cent.

In Chennai City there are about 195 parks, totalling to more than 60 hectares. Playgrounds maintained by the Chennai Municipal Corporation number more than 200 with a total extent exceeding 50 hectares.

Chennai Metropolitan Area has 24 sq. kms of declared forest cover which accounts to about 2 per cent of the total area.

The vehicular sector contributes to about 71.28 per cent of air pollution, followed by the industrial sector at 19.70 per cent.

MTC has a fleet size of 2815 buses that operate along 551 routes, resulting in overcrowding as high as 150 per cent.

Total vehicles in Chennai touched 20 lakhs in 2007, out of which two wheelers constitute 76 per cent, followed by cars at 19 per cent.

********************

Projects to look out for

Metro Rail (46.5 kms) is the most expensive project with a total cost of Rs. 7000 crores where the Government of Tamil Nadu will be investing Rs. 1050 crores.

Bus rapid transit-ways at several important roads like Anna Salai and Jawaharlal Nehru Salai at a total cost of Rs. 2470 crores.

Development of freight corridors at a cost of Rs. 3993.66 crores.

Satellite town development at an estimated Rs. 5000 crores.

In water supply investments, leak detection studies, establishment of regulatory authority, energy conservation measures and establishment of citizen feedback measure are some of the highlights.

Renovation and development of Ripon Building and V.P. Hall Building and recreational developments of areas within and around the city also features in the city's development plans with a cost of Rs. 103.08 crores.