Coimbatore is one of the fastest growing cities in Tamil Nadu. The main reason for this is that Coimbatore has become the most preferred location for tech companies after Chennai and Bangalore in the last 6 years as the manufacturing sector has emerged as the basic economic structure.
There is an excessive demand in the office real estate sector as not only domestic companies but also foreign companies are opening offices in Coimbatore. New IT Parks are being constructed at various locations across the Coimbatore city due to lack of supply to match this demand.
Accordingly, the construction work of Aditya Tech Park, an IT park with an area of about 3 lakh square feet, has almost been completed. This ID Park is going to be opened soon.
Aditya Tech Park, located in the prime area of Coimbatore, Saravanampatti, will provide office space with modern office facilities and state-of-the-art infrastructure to domestic and foreign companies. With this, leading IT companies and startups are set to open offices in this park soon.
Why are IT companies and Global Capability Centers (GCCs) opening branches in Coimbatore? What are the benefits for the city of Coimbatore?
Coimbatore, though known as a traditional industrial hub, has seen rapid growth in the IT sector in recent times. There are various reasons for this.
Skilled Workforce: Coimbatore has an abundance of universities and colleges offering excellence in engineering and computer science. Due to this, successive domestic companies and foreign companies are opening offices in Coimbatore due to the availability of well-qualified and low-paid workforce.
Low cost: Compared to metros like Chennai and Bengaluru, Coimbatore has low office real estate prices, housing rent and maintenance costs. This gives companies a great opportunity to cut costs.
Good Infrastructure: Coimbatore has excellent infrastructure facilities like international airport, highways and railway connectivity. It provides better connectivity to companies.
Government Support: Government of Tamil Nadu is implementing various schemes to promote IT sector. These include incentives such as subsidies, tax breaks and land allotment.
Projects like new IT Parks in Coimbatore will encourage more IT companies and GCCs to come to the city. This will result in benefits such as increased employment, economic growth and improvement in the quality of life of Coimbatore.
Saravanampatti Aditya Tech Park is followed by India Land, KPR, SVP, Elcott, L&T, wynfra cybercity, KCD, Rathinam Tech Zone, Tidal Neo Rakipalayam and many other tech parks in various stages of construction.
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