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Economy of Coimbatore
Coimbatore’s Prudence is heavily influenced by the Information Technology, Engineering and Textiles industries. Coimbatore is called the ‘Manchester of South India’ owing to its extensive textile industry, fed by the surrounding cotton fields. Coimbatore bagged 14th position in the list of most competitive (by business environment) Indian cities.
Coimbatore has a large and a diversified manufacturing sector which are facilitated by the presence of Sakthi Group, Bannari Amman Group, Lakshmi Machine Works, Larsen & Toubro, Baker Hughes, Alstom, ZF Friedrichshafen, Konecranes, Pricol, V-Guard Industries, Suzlon, ARGO-HYTOS, Titan, Flowserve, KSB, Makino, Messer, Gilbarco Veeder-Root, Rieter, VWR International, Hella, Shanthi Gears, ITC Limited, ACC Cements, TTK Prestige, Kirloskar Group, Hirotec, ELGI Equipments, Roots Industries, Salzer Electronics, Mak Controls and systems, Texmo Industries, SE Electricals and others.
Coimbatore houses a large number of small and medium textile mills. It also has a central textile research institutes like the Central Institute for Cotton Research (CICR) - Southern Regional station and the Sardar Vallabhai Patel International School of Textiles and Management.
The South Indian Textiles Research Association (SITRA) is also based in Coimbatore. The city also houses two of the Centers of Excellences (COE) for technical textiles proposed by Government of India, namely Meditech, a medical textile research centre based at SITRA, and InduTech based in PSG College of Engineering and Technology.
The city is the second largest software producer in Tamil Nadu, next only to Chennai. IT and BPO industry in the city has witnessed a mammoth growth with the launch of TIDEL Park and other planned IT parks in and around the city.
It is ranked at 17th among the global outsourcing cities. Companies like Tata Consultancy Services, Cognizant Technology Solutions, IBM, Robert Bosch GmbH, Cameron International Corporation, Tata Elxsi, Dell, Aditi Technologies, CSS Corp and KGISL have made their presence felt in this Smart City by and large.
Coimbatore has an extensive and a diversified manufacturing sector facilitated by the presence of research institutes like Tamil Nadu Agricultural University, South India Textile Research Association (SITRA) and large number of engineering colleges producing about 50,000 engineers yearly.
Some of the prominent industries in Coimbatore include L&T, BOSCH, PSG, Sakthi group, Lakshmi Machine Works (LMW), Premier Instruments & Control Limited (PRICOL), Premier Evolvics, Janatics, LGB, Revathi Equipment Ltd, ELGI Equipments, Craftsman Automation Pvt Ltd, Shanthi Gears, Roots Industries.
Coimbatore has emerged as one of the most trusted outsourcing destinations for the auto components industry. Several factors have contributed to this growth, including ready availability of resources and skilled technical talent. Many auto components manufacturing companies are OE partners to multinational brands.
Some of the auto component makers in Coimbatore include Robert Bosch GmbH, PRICOL, Craftsman Automation and Roots Industries.
Coimbatore has more than 700 wet grinder manufacturers with a monthly output of about 75,000 units (as of March 2015) per every 100,000 produced in India. The term "Coimbatore Wet Grinder" was given a Geographical indication for wet grinders manufactured since 2005-06. The wet grinder manufacturing industry provides direct employment to more than 20,000 people and 50,000 people are benefitted indirectly.
It is also referred as the “Pump city of Asia”. The City houses large number of small scale engineering companies. The motor and pump industry supplies two third of India’s requirements, while its wet- grinder industry has a near monopoly. The Major Pump industries Sharp Industries, CRI Pumps, Texmo Industries, Deccan Pumps & KSB Pumps are renowned worldwide owing to its qualitative output.
Coimbatore is an educational hub of the region. Coimbatore region is home to 7 universities, 54 engineering colleges, 35 medical colleges, 24 polytechnics Colleges and more than 70 Arts and Science Colleges, more than 20 research institutes and more than 100 CBSE schools.
The city has reputed state owned universities like Tamil Nadu Agricultural University (est.1971), Bharathiar University (1982), Anna University Coimbatore (2007) and private universities like AvinashiLingam University (1987), Amrita University (2003), Karunya University (2004) and Karpagam University (2005).
The size of the Coimbatore health care industry has been estimated as 1500 Crore (150 million) in 2010. There are nearly 750 hospitals in and around Coimbatore with a capacity of 5000 beds. Our Coimbatore Municipal Corporation is also running 20 Urban Health Posts (UHP) and they provide services free of cost to the public, which is a welcome one. 5 AIDS control centres are also functioning. In terms of dispensaries, there are 11 Allopathic, 3 Ayurvedic, and 2 Siddha dispensaries which are proud of serving the common men.
)The first health care center in the city was started in 1909. In 1969, it was upgraded to Coimbatore Medical College Hospital (CMCH). It is a government run hospital with bed strength of 1020 and provides free health care. The city also has many large multi-facility private hospitals like the PSG Hospitals, Kovai Medical Center and Hospital (KMCH), KG Hospital, Coimbatore Kidney Centre, G. Kuppuswamy Naidu Memorial Hospital, Sri Ramakrishna Hospital, Sheela Hospital, Kongunad Hospital, Gem Hospital, Ganga Hospital, Aravind Eye Hospital, Sankara Netralaya, Lotus Eye Hospital, Ashwin hospital, Vikram ENT hospital, Coimbatore Cancer Foundation, G.P.Hospital etc.
Coimbatore City is known for its beautiful lakes and rich culture. Its glorious past has got a fresh breath of air in the form of Smart City. Recreation and rejuvenation have become the core aspects in its development.
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Coimbatore, Tamil Nadu 641001
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