Economy of Tamil Nadu: Difference between revisions

no edit summary
No edit summary
Tags: Mobile edit Mobile web edit Advanced mobile edit
No edit summary
Tags: Mobile edit Mobile web edit Advanced mobile edit
 
(9 intermediate revisions by the same user not shown)
Line 300: Line 300:
Tamil Nadu also is the hub station where the first Indian made [[Fifth-generation jet fighter]] plane is to be manufactured. The Aeronautical Development Agency, which conceived and designed the Light Combat Aircraft (LCA) Tejas, set the ball rolling for building the next generation defence aircraft, the Advanced Medium Combat Aircraft (AMCA), by initiating in Coimbatore to build a technology demonstrator.
Tamil Nadu also is the hub station where the first Indian made [[Fifth-generation jet fighter]] plane is to be manufactured. The Aeronautical Development Agency, which conceived and designed the Light Combat Aircraft (LCA) Tejas, set the ball rolling for building the next generation defence aircraft, the Advanced Medium Combat Aircraft (AMCA), by initiating in Coimbatore to build a technology demonstrator.
The project – to be implemented in Sulur in Coimbatore district which will house the permanent base of the Tejas squadron – marks one of Tamil Nadu's first major defence aircraft project.<ref>{{Cite web|url=https://economictimes.indiatimes.com/news/defence/tamil-nadu-to-build-indias-next-generation-defence-aircraft/articleshow/64217410.cms|title=Tamil Nadu to build India's next generation defence aircraft|first=Chethan|last=Kumar|via=The Economic Times}}</ref>
The project – to be implemented in Sulur in Coimbatore district which will house the permanent base of the Tejas squadron – marks one of Tamil Nadu's first major defence aircraft project.<ref>{{Cite web|url=https://economictimes.indiatimes.com/news/defence/tamil-nadu-to-build-indias-next-generation-defence-aircraft/articleshow/64217410.cms|title=Tamil Nadu to build India's next generation defence aircraft|first=Chethan|last=Kumar|via=The Economic Times}}</ref>
==Electronics==
Electronics manufacturing is a growing industry in Tamil Nadu. Chennai has emerged as [[EMS Hub of India]]. Companies like Flextronics, [[Motorola]], [[Sony-Ericsson]], [[Foxconn]], [[Samsung]], [[Cisco]], and [[Dell]] have chosen Chennai as their South Asian manufacturing hub. Products manufactured include circuit boards and cellular phone handsets.<ref name="Flextronics">{{Cite web |url=http://www.thehindubusinessline.com/2005/10/07/stories/2005100702790400.htm |title=Flextronics signs pact for Chennai facility |access-date=10 November 2006 |archive-url=https://web.archive.org/web/20100902122159/http://www.thehindubusinessline.com/2005/10/07/stories/2005100702790400.htm |archive-date=2 September 2010 |url-status=dead }}</ref> [[Ericsson]] also has a Research and Development facility in Chennai.<ref name="Ericsson India Private Ltd. ">{{Cite web |url=http://www.ericsson.com/in/ericsson/corporate_information/ericsson_india.shtml |title=Ericsson India Private Ltd |access-date=10 November 2006 |archive-url=https://web.archive.org/web/20071107015922/http://www.ericsson.com/in/ericsson/corporate_information/ericsson_india.shtml |archive-date=7 November 2007 |url-status=dead }}</ref> Big EPC companies have set up their Engineering centres which include [[Saipem|Saipem India Projects Ltd]], [[Technip]], [[Foster Wheeler]], [[Schneider Electric]], [[Mott MacDonald]], [[Petrofac]], Austrian company "Austrian Energy and Environment" have also a design office here besides local giant ECC [[Larsen & Toubro]]. [[Sanmina-SCI]] is the latest company to invest in Tamil Nadu to create a state of the art manufacturing facility.<ref>{{Cite web|url=https://www.siliconindia.com/shownews/-nid--cid-.html|title=Welcome to the silicon india network|website=www.siliconindia.com}}</ref> [[Nokia Siemens Networks]] has decided to build a manufacturing plant for wireless network equipment in Tamil Nadu.<ref>{{Cite web|url=https://www.nokia.com/networks/insights/|title=Insights|website=Nokia}}</ref>
The state with a projected population of about 66.5&nbsp;million in year 2009 has a high mobile market share in India. According to statistics released by Telecom Regulatory Authority of India (TRAI), the state had a total subscriber base of 43&nbsp;million mobile customers at the beginning of August 2009.<ref>{{cite news|title=TN gears up for mobile turf war|url=http://articles.timesofindia.indiatimes.com/2009-06-18/chennai/28164481_1_mobile-number-portability-gsm-services-tamil-nadu|archive-url=https://web.archive.org/web/20121024025214/http://articles.timesofindia.indiatimes.com/2009-06-18/chennai/28164481_1_mobile-number-portability-gsm-services-tamil-nadu|url-status=dead|archive-date=24 October 2012|work=[[The Times of India]]|date=18 June 2009|first1=T K|last1=Rohit}}</ref><ref>{{cite news|url=http://articles.timesofindia.indiatimes.com/2009-08-10/chennai/28152212_1_lakh-subscribers-tamil-nadu-crore-mobile-subscribers|archive-url=https://web.archive.org/web/20110913102626/http://articles.timesofindia.indiatimes.com/2009-08-10/chennai/28152212_1_lakh-subscribers-tamil-nadu-crore-mobile-subscribers|url-status=dead|archive-date=13 September 2011|title=1 in 2 persons in TN has a cellphone, State at Present Has 4Cr Mobile Subscribers, Second Only To Maharashtra|page=3|date=10 August 2009|edition=Chennai|first1=T K|work=[[The Times of India]]|last1=Rohit}}</ref>
==Leather==
Tamil Nadu accounts for 60 per cent of leather tanning capacity in India<ref>{{Cite web|url=http://www.aishtma.com/leathermap.html|title=AISHTMA|website=www.aishtma.com|access-date=25 October 2018}}</ref> and 38 per cent of all leather footwear, garments and components. The state also accounts for 50 per cent of leather exports<ref>{{Cite web|url=https://www.ibef.org/blogs/leather-exports-from-india-going-strong|title=Leather exports from India: Going strong!|website=www.ibef.org|access-date=25 October 2018}}</ref><ref>{{Cite news|url=https://www.eximfile.com/top-5-indian-states-exporting-leather-products-to-other-countries/|title=Top 5 Indian States Exporting Leather Products to Other Countries|date=6 April 2018|work=Eximfile|access-date=25 October 2018|language=en-US|archive-url=https://web.archive.org/web/20180730124313/http://www.eximfile.com/top-5-indian-states-exporting-leather-products-to-other-countries/|archive-date=30 July 2018|url-status=dead}}</ref> from India, valued at around US$3.3 billion of the total US$6.5 billion from India. Hundreds of leather and [[Tannery (facility)|tannery]] facilities are located around [[Vellore]] and its nearby towns, such as [[Ranipet]], [[Ambur]] and [[Vaniyambadi]]. The Vellore district is the top exporter of finished leather goods in the country. Vellore leather accounts for more than 37 percent<ref name=VDA1>{{cite web|title=ACTIVITIES AND SCHEMES OPERATED BY DISTRICT INDUSTRIES CENTRE, VELLORE DISTRICT|url=http://vellore.nic.in/dic.htm|publisher=Vellore District Administration|access-date=22 January 2011}}</ref> of the country's export of leather and leather-related products (such as finished leathers, shoes, garments and [[leather gloves|gloves]]).
Hundreds of leather and tannery industries are located around [[Vellore]], [[Dindigul]] and [[Erode]] its nearby towns such as [[Ranipet]], [[Ambur]], [[Perundurai]] and [[Vaniyambadi]] The tanning industry in India has a total capacity of 225 million pieces of hides and skins, of which Tamil Nadu alone contributes 70 per cent, a leading export product share at 40 per cent for India. It currently employs about 2.5 million persons. Leather exports by the end of 2000–2001 were INR90&nbsp;billion.
Central Leather Research Institute, a CSIR research laboratory, is located in Chennai, the state capital.
===Fireworks===
The town of [[Sivakasi]] is a leader in the areas of printing, fireworks, and safety matches. It was fondly called as "Little Japan" by [[Jawaharlal Nehru]]. It contributes to 80% of India's fireworks production. Sivakasi provides over 60% of India's total offset printing solutions.
{{see also|List of conglomerates in Tamil Nadu}}
==Banking==
The first modern bank in Tamil Nadu, [[Bank of Madras]] was started by the British in 1843. It was followed by the opening of other banks namely – [[Arbuthnot & Co]], [[Bank of Chettinad]], [[Bank of Madura]], that were later merged under the supervision of RBI. The state serves as the headquarters for the second most banks in India, only next to the financial Capital [[Mumbai]]. The banking sector in Tamil Nadu is broadly classified into scheduled banks and non-scheduled banks. All banks included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Cooperative Banks. Scheduled Commercial Banks in Tamil Nadu are categorised into five different groups according to their ownership and/or nature of operation:
* Nationalised Banks
* Private Sector Banks
* Foreign Banks
* Regional Rural Banks
* Small Finance Banks
The following are the list of Banks based in Tamil Nadu.
{|class="wikitable sortable"
|-
! Bank Name !! Established !! Headquarter !! Branches !! [[Revenue]]s !! [[Asset|Total Assets]] !! Ref/Notes
|-
| [[Indian Bank]] || 1907 || Chennai || 2,836 || {{INRConvert|43414.34|c}} || {{INRConvert|394771|c}} || <ref>[http://www.indianbank.in/]</ref>
|-
| [[Indian Overseas Bank]] || 1937 || Chennai || 3,350 || {{INRConvert|43120.09|c}} || {{INRConvert|374436.76|c}} || <ref>[https://www.iob.in/]</ref>
|-
| [[Karur Vysya Bank]] || 1916 || Karur || 790 || {{INRConvert|9987.3|c}} || {{INRConvert|107663.72|c}} || <ref>[https://www.kvb.co.in/]</ref>
|-
| [[City Union Bank]] || 1904 || Kumbakonam || 623 || {{INRConvert|4596.4|c}} || {{INRConvert|66289.44|c}} || <ref>{{Cite web|url=https://www.cityunionbank.com/|title=Welcome to City Union Bank|website=www.cityunionbank.com}}</ref>
|-
| [[Lakshmi Vilas Bank]] || 1926 || Chennai || 565 || {{INRConvert|2568.4|c}} || {{INRConvert|56287.92|c}} || <ref>[https://www.lvbank.com/]</ref>
|-
| [[Tamilnad Mercantile Bank Limited]] || 1921 || Thoothukudi || 509 || {{INRConvert|3911.7|c}} || {{INRConvert|63467.98|c}} || <ref>[http://www.tmb.in/best_interest_rates/best_indian_bank_offering_high_interest_rates_for_nri_deposits.html]</ref>
|-
| [[Equitas Small Finance Bank]] || 2007 || Chennai || 412 || {{INRConvert|1908.77|c}} || {{INRConvert|23086.5|c}} || <ref>{{Cite web|url=https://www.equitasbank.com/|title=Request Rejected|website=www.equitasbank.com}}</ref>
|-
| [[Tamil Nadu Grama Bank]]|| 2019|| Salem || 630 || {{INRConvert|1824.36|c|year=2021}}|| {{INRConvert|25438.02 |c}}|| <ref>{{Cite web|title=Home {{!}} Tamil Nadu Grama Bank|url=https://www.tamilnadugramabank.com/|access-date=2021-09-06|website=www.tamilnadugramabank.com}}</ref>
|-
| [[Repco Bank]] || 1969 || Chennai || 153 || {{INRConvert|984.5|c}} || {{INRConvert|16515|c}} || <ref>{{Cite web|url=https://www.repcobank.com/|title=Repco Bank|website=www.repcobank.com}}</ref>
|-
| [[TNSC Bank]] || 1905 || Chennai || 100+ || {{INRConvert|485.7|c}} || {{INRConvert|11216|c}} || <ref>{{Cite web|url=https://www.tnscbank.com/about-us/growth-of-the-bank/|title=Growth of the Bank|date=2 April 2014}}</ref>
|-
|}
==Transportation==
{{Main|Transport in Tamil Nadu|Road network in Tamil Nadu}}
[[File:Chennai Kathipara bridge.jpg|thumb|right|200px|Kathipara Junction in Chennai]]
[[File:Chennai Cargo Terminal.JPG|thumb|right|200px|Three 747s at Chennai Cargo Terminal. Chennai cargo terminal is the second busiest in India]]
[[File:Madras Port In 1996.jpg|200px|right|thumb|The [[Madras Port]], the second biggest port in South Asia]]
Tamil Nadu has a well established transportation system that connects all parts of the state. This is partly responsible for the investment in the state. Though the present transportation system is substantial, it needs to be developed further to keep pace with the rapid increase in use.<ref name="tnhighnotes">{{Cite web|url=http://www.tn.gov.in/policynotes/highways_1.htm|title=Tamil Nadu Infrastructure Development}}</ref> Tamil Nadu is served by an extensive road network in terms of its spread and quality, providing links between urban centres, agricultural market-places and rural habitations in the countryside.
===Road===
There are 28 national highways in the state, covering a total distance of {{convert|5036|km|0|abbr=on}}.<ref>{{cite web | url=http://www.morth.nic.in/statedetailsmain.asp | title=National Highways in Tamil Nadu | publisher=Ministry of Road Transport and Highways, Govt. of India | access-date=24 January 2012}}</ref> The state is also a terminus for [[National Highway 44 (India)|North-South Corridor Road]] (NH44) and the [[Golden Quadrilateral]] project that is 99.2% completed as of 31 July 2010.<ref name="gldnquad">{{Cite web |url=http://www.nhai.org/gqmain_english.htm |title=National Highway Authority of India |access-date=25 March 2010 |archive-url=https://web.archive.org/web/20160304034111/http://www.nhai.org/gqmain_english.htm |archive-date=4 March 2016 |url-status=dead }}</ref> [[Chennai Mofussil Bus Terminus]] is the largest bus terminal in [[Tamil Nadu]]. The state has a total road length of 167,000&nbsp;km, of which 60,628&nbsp;km are maintained by Highways Department. This is nearly 2.5 times higher than the density of all-India road network.<ref name="tnroads">{{Cite web|url=http://www.tnhighways.org|title=Official site for Tamil Nadu Highways}}</ref> It ranks second with a share of over 20% in total road projects under operation in the public-private partnership model.<ref>{{cite web|author=Business Standard |url=http://www.business-standard.com/india/news/tamil-nadu-ranks-2nd-in-road-projects-under-ppp/198092/on |title=Tamil Nadu ranks 2nd in road projects under PPP |publisher=Business-standard.com |date=19 November 2012 |access-date=3 December 2012}}</ref> It is currently working on upgrading its road network, though the pace of work is considered slow.<ref name="tnupgrade">[http://www.blonnet.com/2006/08/11/stories/2006081103171900.htm Highways, roads to be upgraded in Tamil Nadu]</ref>
===Railway===
Tamil Nadu has a well-developed rail network as part of [[Southern Railway (India)|Southern Railway]]. Headquartered at Chennai, the present [[Southern Railway (India)|Southern Railway]] network extends over a large area of India's Southern Peninsula, covering the states of Tamil Nadu, [[Kerala]], Puducherry, minor portions of [[Karnataka]] and [[Andhra Pradesh]]. Tamil Nadu has a total railway track length of 6,693&nbsp;km and there are 690 railway stations in the state. The system connects it with most major cities in [[India]]. Main rail junctions in the state include Chennai, Coimbatore, [[Erode]], [[Dindugul]], [[Katpadi]],[[Thanjavur Junction railway station|Thanjavur]], [[Madurai]], [[Salem, Tamil Nadu|Salem]], [[Tiruchirapalli]] and [[Tirunelveli]]. Chennai has a well-established [[Transport in Chennai|Suburban Railway]] network, a [[Chennai Mass Rapid Transit System|Mass Rapid Transport System]] and is currently developing a [[Chennai Metro|Metro]] system, with its first underground stretch operational since May 2017.<ref>{{cite web|author=The Hindu BusinessLine |url=http://www.thehindubusinessline.com/news/chennai-metros-1st-underground-line-opens/article9697789.ece |title=Chennai metro's 1st underground line opens |publisher=thehindubusinessline.com |date=14 May 2017 |access-date=27 December 2017}}</ref>
===Air===
Tamil Nadu has a major international airport, [[Chennai International Airport]], that is connected with 27 countries with more than 500 direct flights every day. Other international airports in Tamil Nadu include [[Tiruchirapalli International Airport]], [[Coimbatore International Airport]], [[Madurai Airport]] and [[Tiruchirappalli International Airport|Tiruchirapalli Airport]]. Chennai International Airport is currently the fourth largest international airport in India after [[Delhi]], Mumbai, and [[Bangalore]] has a passenger growth of 18%. It also has domestic airports at [[Salem Airport (India)|Salem]], [[Tuticorin Airport|Thoothukudi]] making several parts of the state easily accessible. Increased industrial activity has given rise to an increase in passenger traffic as well as freight movement which has been growing at over 21.3 per cent per year.<ref name="tntransport">[http://www.indiainbusiness.nic.in/indian-states/tamilnadu/EconoInfra.htm Transportation in Tamil Nadu] {{webarchive|url=https://web.archive.org/web/20070225103911/http://www.indiainbusiness.nic.in/indian-states/tamilnadu/EconoInfra.htm |date=25 February 2007 }}</ref>
===Ports===
Tamil Nadu has four major ports at [[Chennai Port|Chennai]], [[Ennore Port|Ennore]], [[Kattupalli Shipyard|Kattupalli]] and [[Tuticorin]], as well as one intermediate port, [[Nagapattinam]], and seven minor ports, [[Rameswaram]], [[Kanyakumari (town)|Kanyakumari]], [[Cuddalore]], [[Colachel]], [[Karaikal]], [[Pamban]] and [[Valinokkam]] of which are currently capable of handling over 73 million metric tonnes of cargo annually (24 per cent share of India). All the minor ports are managed by the Tamil Nadu Maritime Board.<ref name="tnmariboard">{{Cite web|url=http://www.tn.gov.in/per-budget-1999-2001/hrw-pb-e-3.htm|title=Creation of the Tamil Nadu Maritime Board}}</ref> Chennai Port is an artificial harbour situated on the Coromandel Coast in South-East India and it is the second principal port in the country for handling containers. It is currently being upgraded to have a dedicated terminal for cars capable of handling 400,000 vehicles by 2009 to be used by Hyundai, Ford and Nissan Renault.<ref>{{Cite web|url=https://www.ibef.org/news/16235|title=Dedicated ports new craze in autoville &#124; IBEF|website=www.ibef.org}}</ref> [[Ennore Port]] was recently converted from an intermediate port to a major port and handles all the coal and ore traffic in Tamil Nadu. The volume of cargo in the ports grew by 13 per cent over 2005.<ref name="ennoreport">{{Cite web|url=http://www.ennoreport.gov.in/content/|title=Kamarajar Port Limited|website=www.ennoreport.gov.in}}</ref><ref name="tutiport">[http://www.tuticorinport.gov.in/ Official website for Tuticorin Port] {{webarchive |url=https://web.archive.org/web/20080731210325/http://www.tuticorinport.gov.in/ |date=31 July 2008 }}</ref> The Tuticorin Port is expanding its facilities at the cost of US$1.6 billion.<ref>{{Cite web|url=http://in.news.yahoo.com/070620/54/6h6wr.html|title=Expansion of Tuticorin Port}}</ref> The [[Sethusamudram Shipping Canal Project]] will transform the [[Tuticorin]] port into a [[transshipment]] hub similar to those in Singapore and [[Colombo]]. The ports are in need of improvement and some of them have container terminals privatised.
== Tourism ==
{{main|Tourism in Tamil Nadu}}
Owing to the [[History of Tamil Nadu|ancientness]] and [[Tamil culture|depth]] of its civilization, Tamil Nadu has been a hub for [[tourism]]. In recent years, the state has emerged as one of the leading tourist destination for both domestic and foreign tourists. Tourism in Tamil Nadu is promoted by Tamil Nadu Tourism Development Corporation (TTDC), a Government of Tamil Nadu undertaking.  The state currently ranks the highest among Indian states with about 248 million arrivals in 2013.<ref name="toi3">{{cite web | url=http://timesofindia.indiatimes.com/India/Tamil-Nadu-most-popular-tourist-destination-for-domestic-travellers/articleshow/37735735.cms | title=Tamil Nadu most popular tourist destination for domestic travellers | work=Times of India| access-date=5 July 2014}}</ref> The annual growth rate of the industry stood at 16 per cent.  Approximately 2,804,687 foreign and 111,637,104 domestic tourists visited the state in 2010.<ref name="timesofindia.indiatimes.com">[https://web.archive.org/web/20110811100854/http://articles.timesofindia.indiatimes.com/2010-08-10/chennai/28312714_1_ttdc-package-tours-tourist-destinations Tamil Nadu, Andhra Pradesh build temple ties to boost tourism]. ''The Times of India''. (10 August 2010).</ref>
[[File:Kanyakumari Moon View.jpg|200 px|right|thumb|Statue of [[Thiruvalluvar]], [[Kanniyakumari]], [[Tamil Nadu]]]]
[[File:Mamallapuram (167).jpg|200 px|right|thumb|[[Shore Temple|Shore Temple, Mahabalipuram]] (built in 700–728 AD) in [[Tamil Nadu]]]]
The state boasts some of the grand Hindu temples built in Dravidian architecture. The Brihadishwara Temple in Thanjavur, built by the Cholas, the Airavateswara temple in Darasuram and the Shore Temple, along with the collection of other monuments in Mahabalipuram (also called Mamallapuram) have been declared as UNESCO World Heritage Sites. Madurai is home to the Madurai Meenakshi Amman Temple. Sri Ranganathaswamy Temple, Srirangam is the largest functioning temple in the world, Tiruchirappalli where the famous Rockfort Temple is located, Rameshwaram whose temple walk-ways corridor (Praagarams) are the longest 1.2&nbsp;km (0.75&nbsp;mi) of all Indian temples in the world, Kanchipuram and Palani are important pilgrimage sites for Hindus. Other popular temples in Tamil Nadu include those in Gangaikonda Cholapuram, Chidambaram, Thiruvannaamalai, Tiruchendur, Tiruvarur, Kumbakonam, Srivilliputhur, Tiruttani, Namakkal, Vellore, Karur, Bhavani, Coimbatore, Kanniyakumari.
Tamil Nadu is also home to hill stations like Udhagamandalam (Ooty), Kodaikanal, Yercaud, Coonoor, Topslip, Valparai, Yelagiri and Manjolai. The Nilgiri hills, Palani hills, Shevaroy hills, Kolli Hills and Cardamom hills are all abodes of thick forests and wildlife. Tamil Nadu has many National Parks, Biosphere Reserves, Wildlife Sanctuaries, Elephant and Bird Sanctuaries, Reserved Forests, Zoos and Crocodile farms. Prominent among them are Mudumalai National Park, The Gulf of Mannar Biosphere Reserve, Anaimalai Wildlife Sanctuary, Vedanthangal Bird Sanctuary and Arignar Anna Zoological Park. The mangrove forests at Pichavaram are also eco-tourism spots of importance.
Kanyakumari, the southernmost tip of peninsular India, is famous for its beautiful sunrise, Vivekananda Rock Memorial and Thiruvalluvar's statue built off the coastline. Marina Beach in Chennai is one of the longest beaches in the world. The stretch of beaches from Chennai to Mahabalipuram are home to many resorts, theme parks and eateries. The prominent waterfalls in the state are Courtallam, Hogenakkal, Papanasam, Manimuthar, Thirparappu, Pykara and Silver Cascade. The Chettinad region of the state is renowned for its Palatial houses and cuisine. With medical care in Chennai, Vellore, Coimbatore and Madurai, Tamil Nadu has the largest numbers in Medical tourism in India.
==Services==
Tamil Nadu has 526 engineering colleges, the most for any state in India giving the services industry access to qualified and skilled labour force. The state has a wide network of about 110 industrial parks and estates offering developed plots with supporting infrastructure.<ref name="IT park"/> Also, the state government is promoting other industrial parks like Rubber Park, Apparel Parks, Floriculture Park, TIDEL Park for IT/ITS, TICEL BioPark for Biotechnology,<ref name="ticel"/> Siruseri IT Park, Elcot SEZ and Agro Export Zones among others. Tamil Nadu has the largest number of [[Small and medium enterprises]] (SMEs) in India.<ref name="Institute of Small Enterprises and Development"/>
{{multiple image
| align    = right
| direction = vertical
| header    = Software Parks
| width    = 200
| image1    = Tidel Park Chennai.jpg
| alt1      =
| caption1  = [[Tidel Park]], Chennai
| image2    = TIDELPark Coimbatore.jpg
| alt2      =
| caption2  = [[Tidel park coimbatore|Tidel Park]], Coimbatore
}}
This is a chart of trend of software exports from Tamil Nadu published by [[Electronics Corporation of Tamil Nadu]] with figures in Crores of Indian Rupees.<ref name="ELCOT"/>
{| class="wikitable"
|-
! Year !! Software exports
|-
| 1995 || {{nowrap|[[File:Indian Rupee symbol.svg|8px|link=Indian rupee sign]]}}{{INRConvert|370|c}}
|-
| 2000 || {{nowrap|[[File:Indian Rupee symbol.svg|8px|link=Indian rupee sign]]}}{{INRConvert|31160|c}}
|-
| 2005 || {{nowrap|[[File:Indian Rupee symbol.svg|8px|link=Indian rupee sign]]}}{{INRConvert|41150|c}}
|-
| 2010 || {{nowrap|[[File:Indian Rupee symbol.svg|8px|link=Indian rupee sign]]}}{{INRConvert|62100|c}}
|-
| 2013 || {{nowrap|[[File:Indian Rupee symbol.svg|8px|link=Indian rupee sign]]}}{{INRConvert|82450|c}}<ref name="business-standard.com"/>
|-
| 2017 || {{nowrap|[[File:Indian Rupee symbol.svg|8px|link=Indian rupee sign]]}}{{INRConvert|111179|c}}<ref name="Software"/>
|-
| 2018 || {{nowrap|[[File:Indian Rupee symbol.svg|8px|link=Indian rupee sign]]}}{{INRConvert|139129|c}}<ref name="thehindubusinessline.com"/>
|-
|}
Chennai is the second largest software exporter in India, next only to Bangalore. India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2017–2018 rose 8.6% per cent to touch {{nowrap|[[File:Indian Rupee symbol.svg|8px|link=Indian rupee sign]]}}1,11,179&nbsp;crore, involving a workforce of 780,000.<ref name="Software">{{Cite web|url=https://www.business-standard.com/article/companies/tamil-nadu-s-it-ites-exports-pick-up-pace-in-2017-18-grow-8-55-118061200464_1.html|title=Tamil Nadu's IT, ITeS exports pick up pace in 2017-18, grow 8.55%|first=Gireesh|last=Babu|date=12 June 2018|via=Business Standard}}</ref> Chennai is the largest hub for e-publishing, as there are 67 e-publishing units registered with the [[STPI]] in Chennai and 25 in Bangalore. Companies such as [[HCL Technologies]], [[NTT DATA]], [[Wipro]], [[Tata Consultancy Services]], [[Capgemini]], [[Amazon.com]], [[Larsen & Toubro Infotech|LTI]], [[Tech Mahindra]], [[Infosys]], [[IBM]], [[Cognizant]], [[Accenture]], [[Sopra Steria]], [[CGI Inc.]], [[Verizon]], [[DXC Technology]], [[Atos]], [[Virtusa]] 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 {{INRConvert|12500|m}} in Chennai.<ref name="infosys">{{Cite web|url=https://www.rediff.com/money/2004/feb/26infosys.htm|title=Infosys setting up giant centre in Chennai|first=A.|last=Correspondent|website=Rediff}}</ref> 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. Chennai has been rated as the most attractive city for offshoring services.<ref name="offshoring">{{Cite web |url=http://www.thehindubusinessline.com/2006/04/02/stories/2006040202550100.htm |title=Chennai most attractive city for offshoring services |access-date=10 November 2006 |archive-url=https://web.archive.org/web/20070311011210/http://www.thehindubusinessline.com/2006/04/02/stories/2006040202550100.htm |archive-date=11 March 2007 |url-status=dead }}</ref> Coimbatore is second largest Software exporter in Tamil Nadu with presence of [[Amazon.com]], [[Robert Bosch GmbH|Bosch]], [[Cognizant]], [[Ford Motor Company|Ford]], [[NTT Data]], [[Tata Consultancy Services|TCS]], [[Wipro]], [[HCL Technologies|HCL]], [[Capgemini Engineering|Capgemini]], [[Harman International Industries|Harman]], [[Deloitte]]. [[Cognizant]] has more than 13,000 employees working in Coimbatore, which is their second largest headcount in India after Chennai. [[Robert Bosch GmbH|Bosch]] has one of the largest R&D development centre in Coimbatore outside Germany which employees close to 5500 in the city. Tiruchirappalli is the next biggest IT city. The IT Companies like [[Capgemini]], [[Sutherland]], TTS Business Services, Sun Business Solution (Sun Group), [[Scientific Publishing]], Omega Healthcare, Vagus Technologies, MMC Infotech are also in Tiruchirappalli.
Chennai has emerged as the "SaaS Capital of India".<ref>{{Cite web|url=https://www.crayondata.com/heres-why-chennai-is-the-saas-capital-of-india/|title=Here's why Chennai is the SAAS capital of India|date=25 August 2018}}</ref><ref>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/a-silent-saas-revolution-is-brewing-in-chennai/articleshow/67583586.cms|title=A silent SaaS revolution is brewing in Chennai - Times of India|website=The Times of India}}</ref><ref>{{Cite web|url=https://prabinsamuel.medium.com/saasboomi-shocking-secret-why-chennai-is-the-saas-capital-of-india-50f251b3a7f1|title=SaaSBooMi — The Shocking Secret why Chennai is the SaaS Capital of India!|first=Prabin|last=Samuel|date=9 February 2020|website=Medium}}</ref><ref name="deccanchronicle.com">{{Cite web|url=https://www.deccanchronicle.com/nation/politics/111018/chennai-is-saas-capital-of-india-edappadi-k-palaniswami.html|title=Chennai is SaaS capital of India: Edappadi K Palaniswami|date=11 October 2018|website=Deccan Chronicle}}</ref><ref>{{Cite web|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/chennai-is-the-new-hotbed-for-deep-tech/articleshow/70514504.cms|title=Chennai is quickly turning into the new hotbed for deep-tech startup|first=Malini|last=Goyal|via=The Economic Times}}</ref> The SaaS sector in/around Chennai generated US$1 Billion in revenue and employed about 10000 personnel in 2018.<ref name="deccanchronicle.com"/>
==Government revenues==
Tamil Nadu ranks fourth nationwide of all state governments in tax revenue. (''See:'' [[States of India by tax revenues]].)
This is a chart of trend of tax revenues (including the shares from Union tax pool) extracted from the Consolidated Fund of the Government of Tamil Nadu<ref>{{cite web|url=http://www.tn.gov.in/budget/finance/revenue%20receipts.pdf |archive-url=https://web.archive.org/web/20050407104616/http://www.tn.gov.in/budget/finance/revenue%20receipts.pdf |archive-date=7 April 2005 |title=Tax Revenue Receipts |publisher=Tamil Nadu Government |access-date=16 August 2006 |url-status=dead }}</ref> with figures in millions of Indian Rupees. See also the Finance Commission of India report.<ref>{{cite web|url=http://fincomindia.nic.in/thirdreport.htm |title=Finance Commission Report |publisher=Finance Commission of India |access-date=16 August 2006 |archive-url=https://web.archive.org/web/20060328093546/http://fincomindia.nic.in/thirdreport.htm |archive-date=28 March 2006 |url-status=dead }}</ref>
Tax revenues of local bodies are excluded.
{| class="wikitable"
|-
! Year || Tax revenues || Sales tax || Excise duties || Registration fees || Corporation tax || Vehicle tax
|-
| 1950 || '''441'''{{efn|includes the province of Hyderabad}} ||  ||  ||  ||  ||
|-
| 1955 || '''270''' || 112{{efn|includes revenues from non-ferrous mining and metallurgical industries}} || 3 || 7 ||  ||
|-
| 1960 || '''417''' || 191 ||  ||  ||  ||
|-
| 1965 || '''723''' || 409 || 4 || 99{{efn|includes stamp fees}} ||  || 133
|-
| 1970 ||  ||  ||  ||  ||  ||
|-
| 1975 || '''3,190''' ||  ||  ||  ||  ||
|-
| 1980 ||  ||  ||  ||  ||  ||
|-
| 1985 ||  ||  ||  ||  ||  ||
|-
| 1990 || '''34,508''' || 20,659 || 4,348 || 2,263 ||  || 2,273
|-
| 1995 || '''79,045''' || 46,892 || 9,346 || 6,130 ||  || 3,922
|-
| 2000 || '''150,659''' || 81,971 || 18,686 || 9,101 ||  || 5,904
|-
| 2005 || '''253,232''' || 143,607{{efn|includes tax on trades}} || 24,780 || 15,628{{efn|includes stamp fees}} || 13,846 || 11,305
|}
This is a chart of trend of [[non-tax revenue]]s and grants-in-aid [http://www.tn.gov.in/budget/finance/revenue%20receipts.pdf extracted] from the Consolidated Fund of the Government of Tamil Nadu with figures in millions of Indian Rupees. See also [http://fincomindia.nic.in/thirdreport.htm ] and [http://www.tn.gov.in/budget/archives/eighteen_year_accounts/revenue_account_receipts.pdf ]. Non-tax revenues of local bodies are excluded.
{| class="wikitable"
|-
! Year || Non-tax revenues || Interest || Mining || Grants-in-aid
|-
| 1960 || '''197''' ||  ||  || '''114'''
|-
| 1965 || '''466''' ||  ||  || '''233'''
|-
| 1970 ||  ||  ||  ||
|-
| 1975 ||  ||  ||  ||
|-
| 1980 ||  ||  ||  ||
|-
| 1985 ||  ||  ||  ||
|-
| 1990 || '''3,814''' || 897 || 588 || '''12,555'''
|-
| 1995 || '''8,584''' || 3,428 || 672 || '''18,362'''
|-
| 2000 || '''17,107''' || 4,036 || 3,953 || '''15,398'''
|-
| 2005 || '''21,014''' || 5,673 || 4,274{{efn|includes revenues from non-ferrous mining and metallurgical industries }} || '''28,268'''
|}
==TN Government debt==
Amount in Crores
{| class="wikitable"
|-
! Fin Year || Bought || Repaid || Total debt
|-
| 31 March 2000 || || || 23,840 {{usurped|[https://web.archive.org/web/20050121050712/http://www.hinduonnet.com/thehindu/2001/08/19/stories/0419223a.htm]}}
|-
| 31 March 2001 || || || '''28,685'''
|-
| 31 March 2006 || || || '''57,457'''
|-
| 31 March 2007 || || || 60,170
|-
| 31 March 2008 || || || 64,655
|-
| 31 March 2009 || || || 74,858 [http://www.thaindian.com/newsportal/business/karunanidhi-rebuts-jayalalithaas-debt-trap-charges_100302911.html]
|-
| 31 March 2011 || || ||  '''1,12,000''' [https://www.businesstoday.in/opinion/perspective/tamil-nadu-budget-jayalalithaa/story/17695.html]
|-
| 31 March 2012 || || || 1,35,060 [http://www.tn.gov.in/budget/budgetspeech_e_2012_2013.pdf]
|-
|2013 - 2014
|
|
|1,55,129
|-
|2014 - 2015
|
|
|1,78,170
|-
|2015 - 2016
|
|
|'''2,11,483'''
|-
|2016 - 2017
|
|
|2,52,431
|-
|2017 - 2018
|
|
|3,14,366
|-
|2018 - 2019
|
|
|3,55,845
|-
|2019 - 2020
|
|
|3,97,000
|-
|2020 - 2021
|
|
|'''4,56,661'''
|}
==Notes==
{{notes|colwidth=30em}}
==References==
{{Reflist}}
{{Tamil Nadu}}
{{Economy of India topics}}
{{DEFAULTSORT:Economy of Tamil Nadu}}
[[Category:Economy of Tamil Nadu| ]]