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In recent years, Chennai has emerged as an electronic manufacturing hub of South Asia with multinational corporations like Dell, Motorola, Cisco, Samsung, Siemens, Ericsson, Emerson Electric, ABB and Flex setting up Electronics / Hardware manufacturing plants, particularly in the Sriperumbudur electronics SEZ. accounting for the sector alone has created investments worth $3.5bn in Chennai.
Tamil Nadu has the second largest economy of any state in India. [16] The state is also the most industrialised in the country. [17] [18] The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted for 5.96% of India's total population in the 2011 census. [19]
It is second largest city by GDP in Tamil Nadu. [2] [3] The city has four special economic zones [SEZ], ELCOT SEZ, KGISL SEZ, SPAN Venture SEZ, Aspen SEZ and at least five more SEZs are in the pipeline. [4] [5] In 2010, Coimbatore ranked 15th in the list of most competitive (by business environment) Indian cities. [6]
These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1]
SAME Deutz-Fahr (SDF) India Group is planning to introduce the premium brand, Lamborghini, tractors in India. The group is also planning to make India its global production hub for engines and will move its global tractor engine production from Italy and Germany to the plant of its Indian arm, Same Deutz-Fahr India at Ranipet, Vellore. [19]
The economy of Salem, Tamil Nadu is mostly influenced by Information Technology, Steel, Textile industry, Agriculture and more other fields. Salem is mostly known as Steel city and Mangoes city of India. The gross domestic product (GDP) of Salem city is 12,134.10 GDP (IN RS. CR.) and (YOY) is 10.31.
The Tamil Nadu Global Investors Meet 2024 (TNGIM) was held on January 7th and 8th at the newly constructed Chennai Trade Centre. Hosted by the government of Tamil Nadu, the summit aimed to bolster investment in the state as part of its broader goal to reach a $1 trillion economy by 2030.
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP) . [ 58 ]