Financial Daily from THE HINDU group of publications
Tuesday, Mar 22, 2005

Port Info

Group Sites

Industry & Economy - Outsourcing

CII views Coimbatore as `outsourcing hotspot'

Our Bureau

Coimbatore , March 21

THE Confederation of Indian Industry (CII), Coimbatore has set out an agenda to turn the city into an "outsourcing hotspot" by refocusing on the region's six strong industries - textiles, auto-components, engineering, education, healthcare and IT and ITES.

The CII initiative this year will go into supporting infrastructure building that will back up promotion of these six sectors as strong BPO points whose strength has made Coimbatore the preferred outsourcing destination.

Setting out the theme `Go Coimbatore - Outsourcing Hotspot' for 2005-06, Mrs Nandini Rangaswamy, the newly elected chairperson of CII Coimbatore said the broad agenda for the year would see the region's primary industry, textiles, showing up a big spurt in business volume from its current estimated Rs 15,000 crore to Rs 25,000 crore, thanks to the quota free market region.

Similarly, the globalised trade environment would help the Rs 12,000-crore engineering sector to post a 30 per cent growth this year to Rs 15,000-crore business volume. Auto-components, another strong manufacturing sector in the region, too is anticipated to show a jump in its performance from the present Rs 2,200-crore annual business to Rs 3,000 crore considering the favourable outsourcing climate prevailing for the sector, she added.

Education, healthcare and IT/IT-enabled services stand to garner major gains boosting the region's economy.

Talking to presspersons here on Monday, Mrs Rangaswamy said that with the State Government assigning the required land for establishment of an IT park in Coimbatore, it will not be too long before the proposed special purpose vehicle to promote the park comes into being. She expected a special committee consisting of members of local industries, district administration, which could assist the formation of the special purpose company, would be formed soon by the Government.

Mr Jayakumar Ramdas, Deputy Chairman of CII Coimbatore whose membership rose sharply from 181 in 2003 to 242 last year, has chalked out strategy to hit the 300-member mark this year. To achieve this, CII would seek to spread out into second-rung towns in the regions such as Pollachi, Tirupur and Erode with a membership drive.

Avanashi road map

THE CII Coimbatore has proposed a road-map for decongesting the busy Avanashi Road, the arterial road in the city for a stretch of 16 km - from the city centre up to Neelampur bypass road.

The Avanashi road revamp would also involve making it into four lanes considering the IT Park slated to come up closer to the road at Peelamedu area of the city.

Disclosing this, the CII Coimbatore Chairperson, Mrs Nandini Rangaswamy, said the CII has planned to entrust a study on improvement of the road with the Tamil Nadu Road Development Corporation, which is expected by July.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Ominous scene

Ethanol-blending to resume; ISMA made nodal agency
CII views Coimbatore as `outsourcing hotspot'
Assocham Management awards
Mumbai port emerging auto exports hub
Bengal budget focuses on employment generation
Maharashtra State to have Rs 265-cr surplus budget
GDP may grow 7-8 pc next fiscal: PM
FEDO to help set up waste treatment facility in Kochi
Greenpeace to hold rally for clean water
FIEO for transport subsidy to units in inland States
New technique to remove cancerous breast tumours
World Bank-aided health project launched
Jamshedpur chosen for UN compact cities programme
Retail diesel sales down in Feb
150 pharma units in AP may shift base to duty-free States
Maharashtra to slash stamp duty on commodity market transactions, G-secs
Trade bodies not too keen on VAT launch
Industry continues to hope on switching over to VAT
Kerala ready for VAT regime, says Minister
Frothy business
`India cannot be competitor to China'
Kerala: Hike likely for Rural development allocation
Students to take part in post-Budget panel discussion
Women in Engineering meet
IEI(Kerala) to conduct summer programme
`World Water Day'
Coffee exporters, buyers grapple for stocks
Bill to curb video piracy tabled in AP
Cherai Beach Resorts plans to focus on health tourism

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line