Services
Tamil Nadu has over 445 engineering colleges, the most of any state in India.
This is a chart of trend of software exports from Tamil Nadu published by Electronics Corporation of Tamil Nadu with figures in millions of Indian Rupees.
| Year | Software Exports | Software Companies |
|---|---|---|
| 1995 | 370 | 34 |
| 2000 | 31,160 | 766 |
| 2005 | 141,150 | 1,427 |
| 2007–2008 | 284,900 | - |
| 2008–2009 | 366,800 | - |
| 2009–2010 | 367,660 | - |
Chennai is the second largest software exporter in India, next to Bangalore. India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2008-09 rose 29 per cent to touch 36,680 crore, involving a workforce of 2.8 lakh. Chennai is a hub for e-publishing, as there are 47 e-publishing units registered with the STPI in Chennai and 25 in Bangalore. Companies such as HCL, Wipro, TCS, Satyam, Infosys, Cognizant Technology Solutions, Covansys, Ford Information Technology, Xansa, Verizon, iSoft, iNautix, Electronic Data Systems, Bally and many others have offices in Chennai. Infosys Technologies has set up India's largest software development centre to house 25,000 software professionals at an estimated investment of 12,500 million ($270 million) in Chennai. India's largest IT park - SIPCOT is housed at Siruseri - Chennai, It has numerous IT companies such as TCS, CTS, Syntel, Steria, Polaris, Patni, Hexaware etc. TCS alone has acquired 70 acres (280,000 m2) of land at a cost of about Rs.13 crore with an employee force of 25,000.
Business Process Outsourcing Services:
Chennai is now emerging as the most preferred destination for high-end BPOs in financial services, healthcare and other back-office services for multinational companies. Companies like Ajuba Solutions (Global provider of healthcare revenue cycle outsourcing services), Congruent Solutions (back-end services for California-based retirement funds), Secova eServices (HR service provider for US clients), Firstsource (Business Process Management for BFSI, Healthcare, Telecom and Publishing clients), Lason India (data processing for healthcare and financial services clients in the US) and OfficeTiger (outsourcing of creative works) have set up centres here to take advantage of Chennai's "quality talent pool and infrastructure". Stanchart, eServe (Citibank), ABN AMRO and World Bank have also chosen the city for their back-office functions. Tamil Nadu also has a number of rural BPO companies like Desicrew Solutions
In the recent surveys, Chennai has been rated as the most attractive city for Offshoring Services.
Knowledge Process Outsourcing:
Chennai is also the preferred destination for companies outsourcing their high-end knowledge intensive operations. Testimony to this is the presence of major market research companies such as Frost & Sullivan and equity research companies such as Irevna in Chennai. This is the next high growth area that Chennai is witnessing.
Read more about this topic: Economy Of Tamil Nadu
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