Located in the Southern state of Tamil Nadu, Coimbatore is advantageously sandwiched between tourist attractions like Ooty, Kodaikanal and Coorg. The city is swiftly moving into fast-track development. In India, the focus has already shifted towards tier II cities owning to the huge demand in these cities, and many investments are pouring to them because of the good business propositions they offer. Coimbatore is already witnessing increased real estate demand.
Coimbatore’s massive manufacturing sector makes it one of the fastest-growing economies in the country; the city justifiably enjoys the tag of ‘Manchester of South India’. Its surrounding cotton feed a flourishing textile industry, contributing to the diversity of its economy. Coimbatore also holds many other alluring economic features – for instance, it is a renowned manufacturing centre producing specialized products intrinsic to the region, auto components, motors and pumps, etc. The exports from the city range from poultry, jewellery to software. In fact, Coimbatore caters a lot to the growing IT industry and is supported by huge skilled labour pool and special economic zones (SEZs) that have attracted leading IT companies and technology service providers. The city also has a strong economy from medical tourism from various parts of the country.