The year was 2015. Venkatachalam Viswanathan, 35, had just returned from the US after quitting his dream job there. An IT professional, Viswanathan wanted to launch an IT startup in Chennai. But, the environment in Tamil Nadu then was not conducive to such a firm. After a yearlong struggle, he returned to the US and found another job. In 2021, while visiting his parents, Viswanathan’s friends apprised him of the changes in the state’s industrial scenario. This reignited his dreams and now he is getting ready to launch his company—an AI-enhanced health platform and health care e-commerce startup.
Viswanathan’s experience illustrates the transformation the state underwent in less than 10 years. It is then no surprise that the third Tamil Nadu Global Investors Meet, held in Chennai on January 7-8, attracted investment proposals worth 6.64 lakh crore. These are expected to generate close to 27 lakh jobs, direct and indirect. The government set itself an ambitious target of becoming a $1 trillion economy by 2030. The state’s gross domestic product for 2022-2023 was 23.5 lakh crore; $1 trillion at the current conversion rate is around 83 lakh crore.
A manufacturing powerhouse known for its textile and automobile industries, Tamil Nadu has diversified to embrace growing sectors like sustainable mobility, electronics and medtech. It now hosts a range of industries from IT to health care and has a pool of skilled professionals.
Bu hikaye THE WEEK India dergisinin January 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye THE WEEK India dergisinin January 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Trump and the crisis of liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.
