Coimbatore and Kovaipudur Touted as Emerging Hubs of Growth by Experts

Quick Summary:

• Coimbatore, along with Kovaipudur, is gearing up for major developments under the Coimbatore Corporation’s Master Plan 2041.
• A panel discussion titled “Coimbatore Unlimited 3.0,” held in Kochi on August 7,highlighted its investment potential,supported by G Square and FICCI.
• Key points discussed included Coimbatore’s connectivity (road and air), favorable climate near the western Ghats, and its change into a destination for IT firms and Global Capability Centres (gccs).
• The city boasts industrial roots from its textile boom in the 1950s to artificial intelligence start-ups today.It hosts around 45,000 Micro, Small & Medium Enterprises (MSMEs).
• Efforts include G Square acquiring 700 acres for advancement projects to foster growth opportunities.
• Speakers emphasized Coimbatore’s evolution as a “self-made” entrepreneurial hub without much government assistance but flourishing with modern infrastructure like malls and culinary diversity post-COVID changes.
• Potential areas of expansion discussed were fashion retailing, medical tourism due to healthcare facilities, entertainment industry convergence with shopping culture, pilgrimage centres aiding tourism attractions as well diverse food innovation vegetarian Dining wich rose via Covid Vegetarian Revelation Trends stimulating Culinary Experimental Dynamics Market