automobile spare parts and accessories, tyres and heavy vehicles. Chennai is known as the Detroit of India. Major global automobile companies including BMW, Ford, Robert Bosch, Renault-Nissan, Caterpillar, Hyundai, Mitsubishi Motors, and Michelin as well as Indian automobile majors like Mahindra & Mahindra, Ashok Leyland, Eicher Motors, TI cycles, Hindustan Motors, TVS Motors, Irizar-TVS, Royal Enfield, MRF, Apollo Tyres, TAFE Tractors, Daimler AG Company invested 4 billion for establishing a new plant in Tamil Nadu. Heavy industries and engineering Tamil Nadu is one of the highly industrialised states in India. Over 11% of the S&P CNX 500 conglomerates have corporate offices in Tamil Nadu. The state government owns Tamil Nadu Newsprint and Papers, in Karur. Coimbatore is also referred to as "the Pump City" as it supplies two-thirds of India's requirements of motors and pumps. The city is one of the largest exporters of wet grinders and auto components and the term "Coimbatore Wet Grinder" has been given a Geographical indication. Electronics and software Electronics manufacturing is a growing industry in Tamil Nadu, with many international companies like Nokia, Flex, Motorola, Sony-Ericsson, Foxconn, Samsung, Cisco, Moser Baer, Lenovo, Dell, Sanmina-SCI, Bosch, Texas Instruments having chosen Chennai as their South Asian manufacturing hub. Products manufactured include circuit boards and cellular phone handsets. Tamil Nadu is the second largest software exporter by value in India. Software exports from Tamil Nadu grew from 76 billion ($1.6 billion) in 2003–04 to 207 billion {$5 billion} by 2006–07 according to NASSCOM and to 366 billion in 2008–09 which shows 29 per cent growth in software exports according to STPI. Major national and global IT companies such as Atos Syntel, Infosys, Wipro, HCL Technologies, Tata Consultancy Services, Verizon, Hewlett-Packard Enterprise, Amazon.com, Capgemini, CGI, PayPal, IBM, NTT DATA, Accenture, Ramco Systems, Robert Bosch GmbH, DXC Technology, Cognizant, Tech Mahindra, Virtusa, LTI, Mphasis, Mindtree, Zoho, Mywebbee, and many others have offices in Tamil Nadu. The top engineering colleges in Tamil Nadu have been a major recruiting hub for the IT firms. According to estimates, about 50 per cent of the human resources required for the IT and ITES industry was being sourced from the state. Coimbatore is the second largest software producer in the state, next to Chennai. Chennai has emerged as the SaaS Capital of India. The SaaS sector in/around Chennai generates US$1 billion in revenue and employs about 10000 personnel. Transportation Tamil Nadu has a transportation