Coimbatore Can Boost Its Contribution to Tamil Nadu’s GDP: Guidance MD

Speedy Summary

• Coimbatore can contribute 30%-40% of Tamil Nadu’s GDP, according to Darez Ahamed, MD and CEO of Guidance Department of Industries, Investment Promotion and Commerce.
• German Mittelstand companies have established direct partnerships with Coimbatore-based firms, praising their cost-effectiveness and problem-solving capabilities despite infrastructure challenges being a bottleneck.
• Though classified as a tier-2 city, Coimbatore is perceived as tier-1 by Fortune 500 companies and MNCs, making it a preferred investment destination.
• Focus investment areas include Global Capability Centres (GCCs), R&D, and logistics; local businesses are encouraged to utilize tools like the Single Window System for faster approvals.
• District Collector Pavankumar G. Giriyappanavar shared that citizen and industry suggestions were incorporated into government actions aimed at growth.
• Industry participants from MSMEs, textiles, energy, electric mobility sectors emphasized common testing facilities, workforce upskilling needs & attracting Foreign Direct Investment (FDI).
• Government officials reiterated their commitment to strengthening Coimbatore’s role as an industrial hub while addressing concerns raised during the meeting.

Indian Opinion Analysis

Coimbatore’s recognized potential to considerably boost Tamil Nadu’s GDP underlines its prominence as an industrial hotspot despite being officially classified as a tier-2 city. Its appeal among global investors such as Fortune 500 companies aligns with ongoing efforts in sectors like R&D and logistics development-critical for fostering innovation-led growth.

Establishing stronger infrastructure systems remains pivotal given identified bottlenecks but appears well-targeted by state initiatives such as Biz buddy or the single Window System for expedited approvals. Moreover upskilling labor alongside creating centralized testing provisions raised within sector dialogues stand logical next priorities catalyzing sustainable MSME expansions locally benefitting larger interconnected supply chains touching foreign entities aligning ambitions bridging local-global lines elevatively economically back TN.Read more: The Hindu