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The Slump and the Causatum

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The proposed Information Technology Park along the NH7 between Kayathaar and Tirunelveli, stays unoccupied. So are the many proposed IT infrastructure across the state. In Chennai a large percentage of constructed IT buildings are not yet taken. There has been a prediction of exponential growth in the investments by the IT companies. If the plans have gone as planned, southern districts like Madurai, Tirunelveli, Trichy, etc… would have seen a lot of IT investments by now. Now many plans are either put on hold or abandoned. I was hoping that the over-concentrated growth of Metro cities could be saved by spreading the investments to other cities as well. This would do good to the state economy and mine as well. Reasons: Global Economic Slowdown, Financial Crisis, Fear of Layoffs, Investment losses, Bailouts, Sub-prime crisis – In common term, Slump. Hope things fall back in the track.

Fingers crossed!

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