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Is Chennai our new Silicon Valley?

Submitted by Karthik on 23 July, 2004 - 21:56

The Economic Times reckons that Chennai is fast becoming the favoured detination for IT majors.

However, analysts believe it was only a matter of time before Chennai outscore Maharashtra and even Karnataka over a longer term.

"Chennai is cheaper by a huge margin compared to Bangalore. Besides, here we get reliable and stable workforce, compared to Bangalore, where there is a huge floating population," said an official with a real-estate tracking firm.

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