The Slump and the Causatum
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.