Financial Daily from THE HINDU group of publications
Tuesday, Mar 22, 2005
Industry & Economy
CII views Coimbatore as `outsourcing hotspot'
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.
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