He also believes that in more than one way, Chennai has certain inherent advantages that can propel it ahead of other centres like Mumbai.
"Some of the recent investment in the automotive sector came to Chennai only because Maharashtra was running out of land. To continue making strides in the automotive industry, Tamil Nadu must address the power and other infrastructure issues," Chenoy opines.
The city has also emerged as a major centre of associated developments in the automotive space. The city is the southern centre for the automotive centre of excellence initiated by National Automotive Testing and R&D Infrastructure Project.
Of the Rs 30,000 crore (Rs 300 billion) fresh investments expected in the state in 2008-09, nearly 50 per cent would be in the automobile and auto parts industries.
Image: Prime Minister of Finland, Matti Vanhanen looks on during the official inauguration of the manufacturing facility of Nokia in Chennai on March 11, 2006 | Photograph: Dibyangshu Sarkar/AFP/Getty Images
Also read:
All about 3G and what it means for you
Advertisement
