Ad Here  
October
November
December
January
February
March
 
 
Book your water tanker Online approval of layout plans Black outs will be knocked out An industry institution link… City Corner Green energy, not really green? Metro chugs the green way He made Ranganathan Street so crowded... The worst is yet to come The sweet tooth of the city Frontier Mediville attracts Japanese investments Chennai teachers rank low Chennai gets its Imax It’s so cool! When the crowd will miss the roar City Corner - Chennai The 20-year itch of Hindujas ends State VAT leads to inflation: a study Is Chennai now the accident capital? Kollywood’s Mahabharatha When Marina became the Tahrir Square India’s first 3D Museum Chennai to Bengaluru as quick as pizza delivery Medical miracle! Indian of the Year TTV stumps all Read before you buy... Overflowing garbage Realty bytes The auto gets a remake Hawker’s paradise gets a permanent place Bewailing monsoons the new fad Car-free Bessy Million landmark and Rs. 200 crore influx by Yamaha Presto! Bravo! Tambaram tracks…. Planning the right energy India’s first online-only bicycle brand City Corner Need for an integrated approach to medicine Paranjoy on crony capitalism Force Motors’ two new SUVs Nilam threatens the city Technologists to rescue A budget that butted into deficit It is not only your noodle... Engineering colleges lose lustre CMRL takes off till airport Ennore Port excels Yes, you are safe! Tamil Nadu Premier League launched Education a cause of concern Outlays and outcome – the long gap Prithika Yashini takes charge... Reality Check Pocket Therapist finds mention in Forbes The curious case of Evgenii Berdnikov Sathyabhamasat propels ahead Must visit of 2014 Safe Trac-keeps track on your safety Chennaites lose 7 crore to debit card frauds Working space for women by woman I know nothing else but cinema... International conference on saving energy, environment Metro chugs through the city The sunshine and the shadow side of this digital era Chennai Silks in flames Hey Chitti! please take my order Self-sufficiency in dredging... Chennai soon to get an Aerospace Park A skinny affair Mexico opens Consulate in Chennai Metro mania A new technique to treat dry sewage Google street view’s India competitor Water woes K7’s Entrepreneurial Odyssey Know the start-ups in the city Thrills for the holiday season Cricket comes calling to Chennai From trash land to tourist spot Perplexing communications Missing, but not missing the top spot Maruti Suzuki wins NIQR award Water wars begin Vanakkam Chennaiyin FC The underground don zips through Building highs and lows SGRI – a global research centre for building materials Apollo targets a third of CV tyre market North Chennai booms Raj Bhavan opened the gates for public Boozing and driving Meters return to the metro Chennai, the noisiest city 377 yet young Murugappas-focus on consolidation Yamaha in the news City Corner-June Indian media-operators of democracy Chennai airport to become solar-powered Technology handshakes with sanitation When Chennai became Venice Two friends trigger a change A praiseworthy peer recognition Coimbatore backs up for Chennai Star studded city Aviation sector to grow three times... A sweet marketing splash by Pattappas How to roast 45 human beings alive Arnold visits Chennai Doing business is not so easy in Chennai The sweet killer A feast for book worms Chennai Metro looking for revival This dabba has a cure for all your ailments Colourful welcome at the Saidapet station Talk your way and land in a job Chevrolet Sail U-VA Launched 60 years of cultural and economic ties Keep in touch, anytime anywhere
 
Coimbatore backs up for Chennai

Chennai is indeed going through troubled times. After the December floods, one had the Vardah storm. This year water scarcity is threatening to loom large. With back to back risks, several IT firms have started to move operations to other locations. And top of the list is Coimbatore thanks to the available local talent pool, comparatively disaster-free climate and high-end infrastructure. 

The principal beneficiary is TIDEL Park that was set up in 2011. It housed only one company till 2015. But now it is home to around 70 companies and has little space for newcomers. Over 10,000 work in the various companies. The park recorded a turnover of Rs 850 crore in 2016-17 (till February). 

An IT Park in Keeranatham that became operational in 2009 had only three firms. Now more than 16 companies operate and employ around 25,000. The turnover of businesses in the park was upward of Rs 2500 crore in 2016-17 (until February). 

The city is also becoming a startup hub. Several startups from Bengaluru are moving to Coimbatore.


Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com