28-02-2013, 10:09 AM
Chennai: A review of hotel market trends
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INTRODUCTION
Chennai (formerly known as Madras), the capital city of Tamil Nadu, has a broad industrial base in the automobile, computer, technology, hardware manufacturing and healthcare sectors. A large number of automobile companies such as Hyundai, Nissan, Ford and Ashok Leyland have set up their base in Chennai due to availability of skilled labour, consistent industrial policy, access to a world-class port and financial incentives offered by the government. According to Confederation of Indian Industry (CII), Chennai accounted for 60% of India
Chennai is also home to industries such as financial services, IT/ITeS (Information Technology/Information Technology-enabled services) and shipping, among others. It is the second-largest exporter of software, next to Bangalore. Indias
top IT companies like TCS, Infosys and Wipro have large operations in the city. Such a development profile has also proven beneficial to Chennai