Chennai declared world's cheapest FDI location for electronics R&D

Chennai emerged as the cheapest location in top 100 electronics FDI destinations, with estimated annual operating costs of $1.24 mn for a 50-person R&D centre

In a major boost to the Tamil Nadu government’s push for new investments, Chennai was ranked as the world’s cheapest foreign direct investment (FDI) location for electronics research and development.

According to an assessment conducted using fDi Benchmark, an investment location comparison tool, Chennai emerged as the cheapest location in the top 100 electronics FDI destinations, with estimated annual operating costs of $1.24 million for a 50-person R&D centre. Malaysian city of Penang took the second spot with a cost of $1.32 million, followed by Gurgaon  with $1.52 million and Pune with $1.53 million,

Among the world’s competitive locations, Chennai