Swanky IT parks, improved infrastructure and a wealth of talent are drawing IT start-ups & tech giants to Coimbatore. Number of startups has shot up to 1,350 from 271 in 2020.
The firm Thursday posted a drop in its net profit to Rs 114.8 crore for the quarter ended 31 March, 2023, against Rs 207.7 crore in the year-ago period.
TN Finance Minister Palanivel Thiagarajan also says IT companies showing ‘great interest’ in state, but doesn't say where from. His govt to soon host several investor events abroad.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
Coimbatore has an environment of entrepreneurship and technocrats,first generation entrepreneurs..Since 1999.we have a SEZ functional from KGISL Campus, the pioneers in IT Park.The first Polytechnic and Engineering college started by our own innovating inventor Sri GD Naidu. Last not least good climate on compared with Other major cities of South.
Coimbatore has an environment of entrepreneurship and technocrats,first generation entrepreneurs..Since 1999.we have a SEZ functional from KGISL Campus, the pioneers in IT Park.The first Polytechnic and Engineering college started by our own innovating inventor Sri GD Naidu. Last not least good climate on compared with Other major cities of South.