SMEs see opportunities in Chennai

As the Indian market is expected to make good progress in the coming years, SMEs are exposed to greater opportunities in India, especially in Chennai, which is also known as the Detroit of Asia. It is the base of 30 per cent of the OEM automotive sector of the country and 40 per cent of the auto component manufacturers. In addition, Chennai has a vast pool of engineering colleges, polytechnics, a very highly qualified entrepreneurial base and a port to boot, besides incentives and protection to SMEs. The presence of many OEMs makes Chennai, a very conducive environment for SMEs to grow.