Leaving behind the financial capital of the country - Mumbai, Chennai grabbed the second position as a hot spot business destination in India in a recent ranking unveiled by Global Initiative for Restructuring Environment and Management (GIREM),and a not for profit industry body, DTZ, the global leader in property services, of the top 21 business destinations in India.
The report,which scored the cities across various economic, environmental & cultural parameters, ranked Chennai among the top 5 locations considered to be the best options for businesses to invest with 2 major ports - Chennai Port & Ennore port contributing greatly to its economy and about 30% of India's automobile industry and 40% of auto components industry based in the Chennai city.
In addition, the Chennai city exports 50% of India's leather exports.
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