TN Minister wants private cos to invest in IT in Coimbatore

Over two lakh employees of 700 companies are employed in Tamil Nadu and last year over 500 companies contributed Rs 710 crore to the State's IT exports

PTI | August 30, 2011



Tamil Nadu Industries Minister S P Velumani on Thursday invited private companies to invest in Information Technology and IT Enabled Services sector in Coimbatore as the city was taking a lead in IT.

Over two lakh employees of 700 companies are employed in Tamil Nadu and last year over 500 companies contributed Rs 710 crore to the State's IT exports, he said.

Velumani,who hails from Coimbatore, was participating in a roadshow on 'Tidel Park, Coimbatore', organised by National Association for Software and Service Companies.

Industries Secretary Sundaradevan said Coimbatore was taking the lead in terms of IT. The city was providing a trade friendly environment and about 5500 engineering students pass out from Coimbatore every year.

He said 60 per cent of water pumps and 40 per cent of motors used in India were manufactured from Coimbatore.
 
TIDEL Park Coimbatore and Additional Chief Secretary to the Government, Susan Mathew said since May, a IT company was operating in 20,000 square foot space in TIDEL Park Coimbatore and two more companies were currently doing 'fit-outs'.

Inviting private companies, she said IT Space was available for 15 years lease at one time payment of Rs 3,000 per square foot. The O&M charge is fixed at Rs five per square foot per month while the total tenancy charges for rent, O&M, AC and electrical work out to Rs 42 to Rs 44 per square foot.

Merrill Technology Services, a 100 per cent subsidiary of US based Merrill Corporation, recently entered Tidel Park Coimbatore.According to its MD, Bhamathi Prakash, the company recently took a 18,000 square foot space.

The company intends to recruit 300 employees in this year at the facility."We are expecting it to commence operations in November," she said. The unit was their second after the one in Chennai.
 

Comments

 

Other News

Doctors, experts call for ban on junk food ads, mandate warning labels

More than 30 doctors, medical scientists and public health professionals have urged the government to take decisive action against the aggressive advertising and marketing of junk food, calling for a watershed ban on advertisements for foods high in fat, sugar and salt (HFSS) and ultra-processed foods (UPF

Asiatic Lion population rises from 523 in 2015 to 891 in 2025

On World Lion Day 2026, environment, forest and climate change Minister  Bhupender Yadav celebrated India’s remarkable journey in lion conservation and reaffirmed the country’s unwavering commitment to protecting wildlife and biodiversity.   In a post on soc

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

GI tags: Scaling traditional wealth into global brands

Geographical Indication (GI) tags have emerged as a powerful tool for protecting India`s cultural heritage, while creating economic opportunities for local communities. By linking products to their place of origin, GI tags preserve traditional knowledge, prevent misuse, and enhance consumer trust. They h

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter