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SIPCOT industrial estate planned in Coimbatore

Friday, 15 Dec 2023
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A State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate is planned for Coimbatore. This was stated by Minister for Industries TRB Rajaa at Tamil Nadu Influence, a confluence of investors, organised by Guidance Tamil Nadu and FICCI.

Furthermore, the state government's effort is directed towards unlocking 60 GW of offshore wind power, through which the segment may gain traction. On 14 December, 2023, 27 MSMEs signed agreement with the state government to invest Rs 1,241 crore in the district. 

Tamil Nadu Engineering and Innovation Enterprise will set up a facility in Coimbatore and a multi-modal logistics park is expected to come up. Under the hub-and-spoke model for centres of excellence, one spoke centre is planned in this city. 
 
On 14 December, 2023, 27 MSMEs signed agreement with the state government to invest Rs 1,241 crore in the district.

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