An Ideal Business Location

India, one of the strongest contenders for the leadership in the Global IT industry, is fast emerging as the "New" leader, especially in the "New Economy" services such as Software Development, IT Services and Business Process Outsourcing services. Because of India's technological agility, quality, flexibility, cost control, time-to-market and competitive advantage, 82% of the US companies rank India as their first choice for software outsourcing.

The southern state of Tamil Nadu is firmly established as a major player in India in "Information Technology". Tamil Nadu, situated in the southern most peninsular tip of the country, provides the ideal environment for the growth of the IT industry with its excellent physical and social infrastructure and its human resources, which are considered among the best in the country. Amongst this splurge of industrial growth, the city of Coimbatore stands out eminently.

Coimbatore is also the Technocommercial hub of South India with major engineering and manufacturing firms that earned it its other name "Detroit of India". The vein of the city is its popular educational center boasting of 3 universities, 21 engineering colleges, over 65 arts & science colleges and 14 polytechnics patroned by the major corporates. The influence of the industrial groups on the educational institutions ripple out a steady influx of specialized, talented intellectuals into the industrial fields triggering a constant industry-institute interaction.

Coimbatore has diversified engineering industries creating a network of small and medium scale units producing industrial machinery, industrial fabrications, industrial equipments, lathes, electric motors and pump sets, machinery for agro based industries, agricultural implements, cotton yarn, rough and fine castings, automobile components, gray fabrics, readymade garments and consumer durables. Coimbatore accounts for the manufacture of 40% of the automobile components for automotive majors like Maruti Suzuki, TVS Suzuki, Hindustan Motors and Fiat. Multinationals from USA and Korea like Ford and Hyundai, who have come in to set up automobile factories in Chennai and elsewhere are now negotiating to source supply of components from this region, which offers high-quality precision goods of international standards at competitive prices.

Coimbatore also enjoys world-class connectivity infrastructure with two earth stations based here. Videsh Sanchar Nigam Limited (VSNL), India's premier Communications Provider has its international gateway at PSG STEP Software Park. The earth station is backed up with OFC link to Chennai. The other is STPI's earth station located at Saravanampatti in the KGISL campus.

The city's more than 100 IT companies' export turnover quadrupled in the last 2 years. The areas of operations of these firms include Voice Over Internet, Text to Speech, Virtual Instrumentation, Telecom and Internet, ERP, E-commerce - development, service and 24 x 7 customer support, CAD/ CAM, dotcoms and the entire array of IT Enabled Services. These companies have also attracted angel/venture capital funding from multinationals like GE Caps, Intel, Draper, etc. all made possible by the city's well planned air, rail, and road commutations, excellent telecommunication network, well distributed and privatized power generation, good comfortable hotels and international airport. There are direct flights to and from Bangalore, Calicut, Chennai, Delhi, Mumbai and Sharjah. Excellent roads reduce congestion and pollution in the city.