Vibrant Coimbatore Updates

Invest Tamil Nadu

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Invest Coimbatore

  • Coimbatore’s massive manufacturing sector makes it one of the fastest-growing economies in the country. Its surrounding cotton feed a flourishing textile industry, contributing to the diversity of its economy.
  • Coimbatore also holds many other alluring economic features – for instance, it is a renowned manufacturing centre producing specialized products intrinsic to the region, auto components, motors and pumps, etc. The exports from the city range from poultry, jewellery to software.
  • In fact, Coimbatore caters a lot to the growing IT industry and is supported by huge skilled labour pool and special economic zones (SEZs) that have attracted leading IT companies and technology service providers. The city also has a strong economy from medical tourism from various parts of the country.
  • Lately, information technology (IT) companies have stepped into the city. Coimbatore is fast developing as a hot destination for IT and BPO related services. Several IT parks have either already come up in the city or are under construction.

  • Coimbatore is home to many engineering colleges. Thus, IT investment in this city was inevitable as qualified manpower is easily available. The IT and ITES (IT Enabled Services) policies of the Tamil Nadu government have played a very important role in the development of the IT sector in the city of Coimbatore.
  • The economic base of the city is expanding fast and the government of Tamil Nadu is trying to keep pace with it by providing adequate infrastructures.
  • The government has proposed several projects to cope with the economic development of the city. An agency called the Coimbatore Urban Development Authority has been set up to look after the infrastructure projects in the city. Roads are being widened and more flyovers are being built to improve accessibility to the city.
  • The government of Tamil Nadu is encouraging the participation of the private sector in the infrastructural development of the city. The government is also taking appropriate steps to make the process of investment in the city easier and is working towards removing procedural hurdles.
  • With a booming commercial real estate, Coimbatore has seen a large increase in the demand in residential projects owing to its green pastures and likely retirement comfort. Especially around the key micro markets namely R.S. Puram, Perur Road, Race Course etc. the investments have risen exponentially mainly due to 40% of the investments coming from people stationed in metros like Bengaluru, Chennai, etc. Additionally, areas at the outskirts of the city are yet to be recognized for their potential fully leaving a ton of further scope of development.
  • In short, Coimbatore makes for an ideal investment hub for reasons more than a singular one and its time we tapped its potential with the aim of a better life. It has been identified as the country’s top 10 cities that provide low budget investment opportunities in real estate. If you are looking to invest in Coimbatore, Provident Green Park, a project by Provident Housing is the perfect example of affordable luxury. Spread over 9 acres and offering 1, 2 and 3 BHK apartments, this project is surrounded by well-planned amenities.  With most of the amenities within a short distance, the project is made of well-lit and warm apartments surrounded by the much-needed amenities. Coimbatore is a very vibrant city which has been home to several renowned entrepreneurs who have built huge conglomerates from scratch.

 

Invest Tamil Nadu

  • The GSDP at current price of Tamil Nadu grew at a CAGR of 11.46 per cent between 2011-12 and 2018-19. 
  • Total merchandise exports from the state stood at US$ 30.52 billion during 2018-19.
  • According to the Public Affairs Index 2018, Tamil Nadu ranks second in terms of governance.
  • The state has a highly qualified, skilled, disciplined, productivity-oriented and English-speaking human resource pool.
  • Tamil Nadu produces nearly 4 lakh engineering & polytechnic students every year, the highest in the country.
  • During September 2017 - March 2018, 465,000 formal jobs were created in Tamil Nadu.
  • Tamil Nadu has well-developed social, physical and industrial infrastructure and virtual connectivity.
  • Excellent road and rail network, three major ports, 15 minor ports and seven airports provide excellent connectivity.
  • It is one of the first states in India to have 100 per cent metalled road connectivity.
  • The state has a highly qualified, skilled, disciplined, productivity-oriented and English-speaking human resource pool.
  • Tamil Nadu has a range of manufacturing industries such as automobiles & components, castings & forgings, pumps & motors, garments & textile products, leather products, chemicals & plastics.
  • Tamil Nadu ranks first among all states in terms of the number of factories and industrial workers.

 

FDI – Inflows and Investments

 

Exports

  • Tamil Nadu is ranked second in terms of State Investment Potential Index.

Of this, Tamil Nadu is ranked first in terms of

  • Good Governance and Political stability
  • Peaceful law and order conditions
  • Uninterrupted power availability
  • Skilled manpower availability and harmonious industrial relations, etc.

 

MSME’s IN TAMIL NADU