India's Hot Cities
Ten years ago, the South Indian port city of Madras was so quiet that most of its inhabitants were asleep by 9:30 p.m. No more. Now, restaurants such as Senor Pepe's Tex Mex and Pizza Corner draw diners until midnight, and people of all stripes dance into the wee hours at the trendy Gatsby 2000 disco. Some 60 new software development companies have sprung up, lured by the city's promise of an educated, industrious workforce. Booming businesses making auto parts, trucks, textiles, and chemicals have created 2.7 million jobs in the area. With more than $11 billion of proposed new investment--surpassing even Bombay--Madras is becoming an industrial powerhouse.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Ivanka Trump Faces Courtroom Showdown Over $785 Sandals
- Uber Losing Battle in London After Regulator Revokes License
- Mercedes Plots Tesla Attack With $1 Billion U.S. Electric Push
- How Electric Cars Can Create the Biggest Disruption Since the iPhone
- Hewlett Packard Enterprise Is Said to Plan About 5,000 Job Cuts