Coimbatore, A Paradise For Start-up Companies In Tamil Nadu

Posted under: MSME's
Date: 2023-11-16
Coimbatore, A Paradise For Start-up Companies In Tamil Nadu

Under the Indian state of Tamil Nadu's CM Stalin's focused leadership, Coimbatore has seen significant progress in the industrial sector during the DMK regime. The special attention is evident in the allocation of 400 crores solely for road safety in Coimbatore, showcasing the commitment to the city's development. Notable infrastructure projects, including the metro rail and one of Tamil Nadu's largest elevation flyovers, are underway, emphasizing Coimbatore's strategic importance. Coimbatore, known as the Manchester of South India, boasts 1.42 lakh registered MSMEs and is a multifaceted industrial center. Coimbatore's industrial landscape, including e-bike manufacturing, electronics, and aerospace, and the Western Ghats' ecological significance make it a significant player in the nation. The Tamil Nadu government, under CM Stalin's leadership, offers loan assistance and substantial subsidies to MSMEs in Coimbatore, including a 35% investment subsidy.

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