I am not sure what to make out of this

Though this article claims lot of companies are moving towards chennai from bangalore, I am not really convinced. At the very best I can assume that it is the next desired port of expansion for companies which is near to the main centre (B'lore) with appropriate conditions for growth. Generally articles like these tend to exaggerated the facts inorder to capture the attention of readers. Anyway, as a chennaite it is welcome. Despite the claim of other cities for IT boom, I had always believed that there is a strong chennaite population in each of these cities behind the boom. Nevertheless before I start becoming jingoistic, here is the article.

Why are the Tamil Nadu techies heading home?Sunday September 26 2004 18:52 IST

NEW DELHI: It’s a billion dollar puzzle that the Karnataka government wants to crack desperately. How come frontline IT firms are logging out Bangalore from their investment map and heading to Chennai: Infosys, Wipro, TCS, HCL Technologies, Patni Computer Systems (PCS), Satyam and MNC’s like Covansys, Cognizant Technology Solutions (Cognizant), Xansa have all announced big plans for the city. Ask them why and get the suave counter, “Why not?” Look deeper. Electricity supply is less of a concern here. The city boasts of a decent infrastructure like good roads, an international airport, availability of international bandwith and more importantly an impressive talent pool of software professionals. Statistics reveal that TN has around 250 engineering colleges producing 60,000 engineering graduates each year, of which nearly 35,000 specialise in IT all over the world. Says R Chandrashekaran, managing director, Cognizant, “When we set up operations in Chennai in 1994, a large number of software professionals from Tamil Nadu, who were working overseas for several multinationals or software companies in other Indian cities were keen to return to Chennai. This propelled us to set up our base here to attract the returning talent.” In fact, industry experts believe that the fear of losing talent to home-grown companies from Chennai motivated many IT firms to set up centres in the city. Additionally, “In the absence of transfer options within the company, many professionals prefer a job in a Chennai-based firm. Instead of losing out to competitors, the IT majors want to give their employees the option of transfer to their own development centres in the city,” says one source. Besides, says Chandrasekaran, “One aspect of Tamil Nadu that has not been extensively written about is its ethics. The work ethics and performance ethics of the local people are of a very high order. This is critical in the services business.” Agrees Amitabh Srivastava, director, Operations, Xansa. “Chennai has low attrition rates mainly because of the work ethics of its people. In comparison to people from other states, Chennaites tend to be more loyal to their companies.” And their hearts are clearly in permanent sambar withdrawal.
  ¶ 10:41 AM