Tamil Nadu

Tamil Nadu

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About Tamil Nadu

Tamil Nadu is the eleventh largest state in India by area (about the size of Greece) and the seventh most populous state. Its capital and largest city is Chennai. It is the fifth largest contributor to India’s GDP and ranks tenth in Human Development Index.

Tamil Nadu covers an area of 130,058 square kilometres (50,216 sq mi), and is the eleventh largest state in India and has country’s third longest coastline of about 910 kilometres (600 miles). The bordering states are Kerala to the west, Karnataka to the northwest and Andhra Pradesh to the north. To the east is the Bay of Bengal and the union territory of Puducherry. The southernmost tip of the Indian Peninsula is located in Tamil Nadu. At this point is the town of Kanyakumari which is the meeting point of the Arabian Sea, the Bay of Bengal, and the Indian Ocean.

The state has the highest number (10.56%) of business enterprises and stands second in total employment (9.97%) in India, compared to the population share of about 6%. Tamil Nadu has attracted several industrial sectors that are a part of India’s new economy sectors. In recent years, these industries have helped the state achieve over 13 per cent of GSDP growth. The Census 2001 highlighted that Tamil Nadu has the highest level of urbanisation rate (43.86 per cent) among all states.

The state attracted cumulative FDI inflows of US$ 5.2 billion between April 2000 and October 2009 and is amongst the highest FDI attracting states. FDI inflows have helped achieve greater technological advancement and more value added, exportable products.

The state comprises of well qualified, skilled, disciplined, productivity-oriented and English-speaking workforce. The standard of education and educational institutions is highly rated in the country. Average wages are also lower than similar workforce in the developed countries.

At current prices, the Gross State Domestic Product (GSDP) of Tamil Nadu was about US$ 73.7 billion in 2008-09. The average GSDP growth rate from 2001-02 to 2008-09 was about 13.2 per cent. The tertiary sector’s share in GSDP was 55.3 per cent in 2008-09. Trade, hotels and restaurants –the largest sub-group of the sector –registered a growth of 11.9 per cent over the previous year.

The region has been the home of the Tamil people since at least 500 BC. Its official language Tamil has been in use in inscriptions and literature for over 2000 years. Tamil Nadu is home to many natural resources, grand Hindu temples of Dravidian architecture, hill stations, beach resorts, multi-religious pilgrimage sites and eight UNESCO World Heritage Sites.

Chennai, Coimbatore and Madurai are the three major cities of Tamil Nadu. Chennai is the largest urban metropolis of the state. Coimbatore is a major textiles and engineering hub of South India. The hill stations of Ooty, Coonnorand Valparaiare close to Chennai make it a good base for tourists, all year round.

Madurai is regarded as the ‘Temple City’ and known for its cultural significance.

Tamil Nadu is heavily dependent on monsoon rains, and thereby is prone to droughts when the monsoons fail. The climate of the state ranges from dry sub-humid to semi-arid.

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Message from the Branch Chairman

Dear Member,

Firstly, let me thanks all the members of the Indo-American chamber of commerce (Tamil Nadu Branch) for reposing your faith in me to be the Chairman for the year 2023-24 and I look forward to the continued support of the Branch committee and all the members of Tamil Nadu Branch.

The year 2023-24 is expected to be an excellent one for the chamber and considering the Geopolitical situation companies in the United starts are looking at India as per their China plus one strategy for manufacturing and sourcing. This opens a great opportunity for Tamil Nadu based companies to take advantage of the situation and be the top suppliers of products and services to the US Market.

Last year, under chairman Prabhu Bala, the Tamil Nadu Chapter has changed its image with the two marquee events – The Indo-US Trade Connect (Conference & Expo) and the Business Excellence Awards@ State level. These two events were very successful with a record participation of Members and Non-Members, this sets the expectation for the coming year at a much higher level. Special thanks to Ms. Sujatha Ravishanker, Regional Director and the team at IACC for their outstanding work.

Tamil Nadu Govt is planning the Global Investors meet in Jan 7 & 8, 2024 and the Govt has invited us to participate in large numbers and I request all our members to share their plans for investment in the next few years and we can sign a MOU with the Government and seek support for the upcoming investments of our members.

We are also planning some outreach programs to the Tier 2 cities like Trichy and Madurai in the coming year and I seek the support of the members in these cities to come forward and support us to make these plans successful.

In the next couple of weeks, we will be sharing the tentative calendar of events planned for the coming year and I request members to block the calendar for events related to your industry. I look forward to work with all the members of the Tamil Nadu branch to promote two-way trade and investment.

Best regards,
Manoj Paul
Chairman, IACC (Tamil Nadu Branch)

Branch Committee Members
Chairman Mr. Manoj Paul Director & General Manager, Heat and Control (South Asia) Pvt Ltd
First Vice-Chairman Mr. Shamil Bicha Vice President, Avalon Technologies Private Limited
Second Vice-Chairman Mr. Sanjay Chadda Managing Director, Stanadyne India P Ltd
Members Mr. K. Ramasamy Executive Chairman & Managing Director, Roots Industries India Ltd
Mr. M. Umapathi Managing Director, Voltech Engineers Pvt Ltd
Mr. Srikanth Narasimhan Managing Director, Miltonroy India Pvt Ltd
Dr. Sreeram Srinivasan Chief Executive Officer, Syrma SGS Technology Pvt Ltd
Mr. R. Sundaram Managing Director, Aerospace Engineers Pvt Ltd
Mr. Vijay Jawade Director – Sales & Marketing, Emerson Process Management
Dr. Krishna Kumar Rangachari Executive Director, Chemplast Sanmar Ltd
Immediate Past Chairman Mr. Prabhu Bala Director, Precision Equipments (Chennai) Pvt Ltd
Secretariat Mrs. Sujatha Ravishanker Regional Director, Indo – American Chamber of Commerce

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