There are many automobile industry situated in Chennai. 30% of automobile industry and 40% of its auto components industry situates here. Many companies have their manufacturing plants. Companies are Hyundai, Renault, Nissan Motors, etc.
Many companies have their manufacturing plants. Companies are Hyundai, Renault, Nissan Motors, Ford, BMW, and Mitsubishi, etc. An additional benefit is the presence of financial institutions like the World Bank, The Royal Bank of Scotland, Abu Dhabi Commercial Bank, and Sumitomo Mitsui Banking Corporation. So, Chennai is known for industries related to Automobile.
Software Technology Parks of India (STPI) provide support with Company Registration in Chennai for emerging entrepreneurs. In the last few years, Chennai has become one of the preferred destinations for IT companies such as Infosys, TCS, Wipro and Cognizant, and MNCs. Chennai has the perfect combination of professionals and talent base for the business to flourish.
Venture capitalists in India are an essential part of the startup ecosystem. Once a startup has reached its growth stage, it’s the most important requirement is undoubtedly the backing by reliable investors and an ample amount of funding to scale up. Accel Partners, Blume Venture Advisor funds, Sequoia Capital India, etc. are the active VC Financing in Chennai.
Ease of doing business
According to India’s Business Reform Action Plan, 2017 – a joint initiative between the World Bank and the Department of Industrial Policy and Promotion (DIPP) – the state of Karnataka is the 6th best Indian state in terms of ease of doing business, up from ranking 13th in 2016.