Economy of Chennai - Software and Software Services

Software and Software Services

See also: List of tech parks in Chennai, Rajiv Gandhi Salai, and SEZ Corridor

Since the late 1990s, software development and business process outsourcing and more recently electronics manufacturing have emerged as major drivers of the city's economic growth. Chennai has been rated as the most attractive Indian city for offshoring services according to A T Kearney's Indian City Services Attractiveness Index 2005. Major software and software services companies like Accenture, Cognizant Technology Solutions, Capgemini, CSC, EDS, SAP AG, Oracle Corporation, Cisco Systems, HCL, HP, IBM, Infosys, Satyam, Sun Microsystems, Symantec, TCS, Verizon, Wipro, CSS Corp and US Technology Resources, Dassault Systèmes, eBay, Honeywell, VMware, Intel, Amazon, Tech Mahindra, IGATE Patni, Adobe Systems, AT&T, MindTree, Ford Sync, Ramco Systems, Bosch, Deloitte, CA Technologies, Microsoft have development centres in the city. The city is now the second largest exporter of IT and IT enabled Services in the country behind Bangalore. The IT Corridor, on Old Mahabalipuram Road in the southeast of the city houses several technology parks, and, when completed, will provide employment to close to 300,000 people. Besides the existing Tidel Park, two more Tidel Parks are on the anvil in the IT corridor. One is under construction at the Siruseri IT Special Economic Zone ("SEZ") and the other one is being planned at the current location of MGR Film City which is just before the existing Tidel Park, in Taramani on the IT Corridor. A number of SEZ have emerged in and around Chennai. The Mahindra World City, New Chennai, a Special Economic Zone (SEZ) with one of the world's largest high technology business zones, is currently under construction in the outskirts of Chennai. It also includes the World's largest IT Park by Infosys.