Thursday, January 12, 2006

Tamilnadu is the Asian Region of the Future!!!

Time to celebrate,

Foreign Direct Investment magazine had chosen our Tamilnadu as the Asian region of the future.

Cheer up, because Tamilnadu is better than New South Wales of Australia (in terms of business opportunities)

Hongkong is the Asian city of Future and TN is the Region of the future.

An excerpt from the article of FDI:

>>
ASIAN REGION OF THE FUTURE:
Winner: Tamil Nadu, India
Competition was closer and the playing field more level in the regions section of fDi’s contest, with the Indian state of Tamil Nadu edging ahead of Australia’s New South Wales to claim the title Asian Region of the Future 2005/06. Tamil Nadu took first place in the all-important category of best FDI potential.
As investors such as Ford, Hyundai, Nokia and, most recently, BMW have discovered to their delight, Tamil Nadu has managed to avoid or mitigate problems that dog other locations in India, such as infrastructure and energy failings. Through pro-active and business friendly government policies, the state has harmonious industrial relations, a matured business culture and abundant skilled manpower.
Things should only get better: several new fly-overs and by-passes are under construction that will ease traffic congestion in heaving Chennai, and an ‘IT Expressway’ project will widen the main access road to that city’s thriving software cluster. This hints at Tamil Nadu’s real secret weapon: Chennai’s IT corridor employs nearly 50,000 people, and this number is set to increase to as much as 90,000 when some of the major IT companies investing there get their operations up and running.
>>


ASIAN CITY OF THE FUTURE:
Winner: Hong Kong
Runner up: Sydney

ASIAN REGION OF THE FUTURE:
Winner: Tamil Nadu, India
Runner up: New South Wales, Australia

BEST ECONOMIC POTENTIAL (CITY):
Winners: Seoul/Macao (tie)

BEST ECONOMIC POTENTIAL (REGION):
Winner: Chugoku, Japan
Runners up: Cambodia/Thailand (tie)



Selection criteria:

CATEGORIES & CRITERIA:
Economic potential:

• GDP
• GDP growth
• GDP per capita
• Foreign direct investment in 2004

Cost effectiveness:
• Out of town office rent
• Centrally located office rent
• Industrial rent
• Secretarial salaries
• Graduate executive salaries
• Middle management salaries
• Manual labour rates
• Telecommunications charges

Human resources:
• Literacy level
• Percent of population with a degree
• Number of universities
• Quality of universities [judged category]

Transport:
• Transport infrastructure [judged category]

IT and telecommunications:
• Phone lines per 1,000 people
• Mobile phone ownership (% of population)
• Internet access (% of population)
• Broadband access (% of population)Quality of life:
• Cost of housing
• Quality of housing [judged category]
• Hospitals and healthcare [judged category]
• International schools [judged category]
• Crime and security [judged category]
• Cultural and environmental heritage [judged category]

Best FDI potential:
• FDI promotion strategy [judged category]
• FDI deals [judged category]
• Average number of days to register a company
• Peak corporate tax rate
• Infrastructure and development projects [judged category]
• Investment incentives [judged category]
• FDI attractions [judged category]



Ref: http://www.fdimagazine.com/news/
fullstory.php/aid/1489/ASIAN_CITIES__
_REGIONS_OF_THE_FUTURE_2005_06.html

2 comments:

  1. I cannot understand how does Australia figure in the list, as it does not even come under Asia.

    ReplyDelete
  2. I tried to check the authenticity.. Please follow this link to read more..

    http://www.fdimagazine.com/news/fullstory.php/aid/1489/ASIAN_CITIES___REGIONS_OF_THE_FUTURE_2005_06.html

    by the way, a very good collection Bharath.. keep it up.

    regards,
    a friend.

    ReplyDelete