Chennai: Dell India Private Limited, the wholly owned subsidiary of Dell Inc has started its India manufacturing project. The project was inaugurated by Tamil Nadu chief minister M Karunanidhi who unveiled the architectural design of the proposed plant in Sriperumbudur near Chennai.
Speaking at the function, Karunanidhi said, "Within six months of assuming office, the new government has signed MoUs involving industrial investments worth Rs2,700 crore." According to him, the government has a proactive, business-friendly policy.
According to Steve Felice, president, Dell Asia Pacific and Japan, the company chose Tamil Nadu to house its production facility owing to the state's good manufacturing history, proximity to the port and business friendly government. "The factory is just the beginning and there is so much more to come."
The Dell's plant coming up in Sriperumbudur Hi Tech Park will involve an outlay of $30 million over a five-year period.
Addressing the gathering, the union minister for communications and information technology, Dayanidhi Maran, said that India is clearly the investment destination for the world, especially for the IT industry.
"Our gross domestic product (GDP) has been growing consistently at 9 per cent, fuelling growth across services and manufacturing. The foreign direct investment (FDI) inflow in 2005-06 was $5 billion and private equity flow was $2 billion. Our stock market is hitting new highs every week, while the Indian rupee is stable against global currencies. This is the ideal environment for innovation and growth."