Whether it is Mumbai's choked-up streets or a scenic rural village in the Northeast, for every Indian, Hercules cycles are part of their nostalgia. But not too many know that it was part of the first joint venture agreement to be signed in South India after Independence and one of the first foreign investments too.
By 1951, the JV resulted in the birth of the TI Cycle factory in a mango grove in Ambattur that came out with the first Hercules, and sowed the seeds of the Ambattur Industrial Estate later in 1964.
Come 2024, the clang of metals colliding and the scent of welding fire and chemicals greet visitors to the same Ambattur—a 45-minute drive from Chennai city.
Touted as South Asia's largest industrial estate for decades, it is spread over an area of 1,430 acres. For long, it was a manufacturing zone, with the majority of around 1,800 companies in the region specialising in automobile components.
But the times have changed, which is evident from the new high-rise commercial buildings. Ambattur is undergoing a makeover and is becoming one of the most sought-after hubs for data centre companies.
Huge attraction Data from Guidance Tamil Nadu indicates that as many as 12 data centre projects (including expansions) are either established or at various stages of implementation in Ambattur.
Not just that, Chennai is seeing a huge attraction from data centre companies, with Siruseri, around 50 km from Ambattur, also seeing around eight data centres.
"The proximity to submarine cable landings makes Ambattur one of the most sought-after locations for data centre players, in addition to stable and high-quality power supply," says V Vishnu, managing director and chief executive officer of Guidance Tamil Nadu, a state government agency that assists investors.
Submarine cables are high-capacity optic fibre pairs laid on the ocean floor to provide global connectivity for high-speed data exchange.
Denne historien er fra November 05, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 05, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
At 122, harmful AQI days in 2024 six more than last year
Number of days with air AQI between 0 and 200 in Delhi has stood at 201 this year so far
Cricket's heavyweights pad up for pitch-perfect battle Down Under
\"Hello, and welcome to all our international viewers to the WACA Ground in Perth..,' For many, the understated, mellow Voice of Richie Benaud served as a window into a distant land where cricket was loud, aggressive, and played in colossal amphitheatre-like stadia.
Govt prepares logistics plan for metros to tackle traffic, pollution
The Centre has prepared a 'City Logistics Plan' for metros such as Delhi and Bengaluru for efficient freight and logistics movement within the city, a senior official of the Department for Promotion of Industry and Internal Trade (DPIIT) said on Wednesday.
NOT SO HOT ON HYBRID
A new report says EVs ancl CNG vehicles will outpace hybrids byfar
Voltas Well placed to improve market share
Analysts positive on volume-led growth that will reflect in stock price
Domestic business, lower guidance to weigh on PI Industries
PI Industries reported a revenue growth of 5 per cent year-on-year (Y-o-Y) in Q2FY25, led by a surge in the custom synthesis and manufacturing (CSM) segment and the export business, which posted 10 per cent growth.
CIEL HR files draft papers, eyes ₹335 crore via fresh issue
Chennai-based CIEL HR Services, which provides technology-driven human resources solutions, on Wednesday filed a draft red herring prospectus with markets regulator Sebi to raise funds through initial public offering (IPO).
Maharashtra poll results unlikely to move markets
The outcome of the Maharashtra Assembly elections is unlikely to shake domestic markets that have other bigger developments to worry about, according to analysts.
Period of easy returns now over, taper expectations: Motilal Oswal
The period of easy returns where rising tide lifts all boats is likely over, Motilal Oswal Private Wealth said in a recent note, citing the likelihood of a moderation in corporate earnings growth in the coming years.
SMEs voice concern over tighter IPO norms
Sebi has proposed an overhaul of SME IPO rules to curb fund diversion and malpractices