Role of Chennai in International Trade

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Chennai plays a crucial role in international trade due to several reasons. These include:

Supreme location: Chennai is located on the eastern coast of the country, and it thus acts as a gateway for all trade routes between India and Southeast Asian nations. It also connects the Middle East and areas beyond. Its ability to connect all the major international shipping routes makes it the hub for global trade.
Industrial and manufacturing hub: Chennai is the hub for all the flourishing industrial and manufacturing sectors. Why, you ask? Well, it forms the heart of all industries, including automobiles, textiles, electronics, and medicine. This city also boosts industrial capabilities and production, driven by exporting different products to other countries.
Special Economic Zones (SEZs): This city has several SEZs that offer tax georgia phone number list advantages, specialised customs procedures, and other advantages. Why is that important? Because it enhances international trade and attracts foreign markets and investment. Besides, Chennai has created a conducive environment for all international businesses to thrive globally.
Well-developed infrastructure and facilities: Chennai boasts some of the best infrastructure and seaports in the country. It also has the best airports and a comprehensive rail and land network. These enable easy movement of goods and cargo, making it a vital city for trade.
Business and trade-centric policies: The government of Chennai collaborates with several industries and implements many policies and initiatives to enhance international trade policies. These policies are important because they help simplify trade processes, offer incentives for export-based industries, and facilitate trade-based services. Thus, it attracts foreign investments and encourages global trade relationships.
Research institutions: Chennai is the center of international trade, known for its exemplary educational and research centers. It can produce a skilled workforce that supports diverse parts of international trade.
Air Connectivity: Lastly, Chennai has great connectivity and is a major aviation hub in South India. How does that make Chennai crucial for international trade? Here’s why! Various international flights connect Chennai to different global locations. This connectivity is crucial in enabling trade, business collaborations, and the movement of goods and people worldwide.