CII to hold conference on Chennai’s future development

August 19th, 2008 - 10:27 pm ICT by IANS  

Chennai, Aug 19 (IANS) The Confederation of Indian Industry (CII) Chennai zone will conduct a one-day conference here Aug 22 to discuss the city’s future development plans, a top official said here Tuesday. “What was just a three-mile-long strip of land from Madrasapatnam to the East India Company in 1639 has now become the growing metropolis called Chennai. Today the city is busting with 22,000 people living in per square km,” CII-Chennai zone chairman G.R.K. Reddy told reporters.

The event, Chennai Version 3.0, would discuss ways and means of taking the city forward without losing its roots, culture and heritage, he said.

According to Reddy, it is imperative to reduce the population density to 5,000 per square km so that the quality of life would improve.

He said Chennai was changing faster than ever before with huge investments coming in auto, IT, electronics and other industries.

“By 2025, Chennai is expected to have a gross domestic product (GDP) of $100 billion which is 2.5 times of the current size,” Reddy said.

However, the city’s population is expected to touch 12.58 million by that time, up from the current 7.89 million.

The infrastructure required for that population in terms of schools, colleges, water supply, housing, power and others would take a quantum jump from the current levels, Reddy said.

Development of vibrant towns near Chennai Arakkonam, Madurantakam, Sriperumbudur and Kanchipuram as centres of excellence in engineering, automobile, electronics, aviation and culture would help the city stand up to the new developmental challenges, he added.

According to Chennai Version 3.0, the city population will be divided into three economic categories - rich, middle class becoming rich and economically growing.

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