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Cheapest FDI location for electronics R&D
April 12 , 2022
961 days
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- Chennai has an estimated annual operating cost of $1.24 million for a 50-person R&D center.
- This is the cheapest in the world.
- The Malaysian city of Penang took the second spot.
- It was followed by Gurgaon and Pune.
- Also, FDI in Tamil Nadu increased by 41.5 percent.
- Chennai ranked second after Seoul.
- In this ranking, Chennai was followed by Chinese cities like Guangzhou and Shenzhen.
- Three other Indian cities, Bangalore, Pune, and Gurgaon were among the top 10 cities on this list.
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