UK eyes investment opportunities in Coimbatore’s defence, EV sector

Coimbatore, May 31 (KNN) British Deputy High Commissioner Oliver Ballhatchet said that the UK is looking at investment opportunities for British companies to invest in the defence, renewable energy, and electric vehicle (EV) sectors in Coimbatore. 

During his interaction with industry representatives, Ballhatchet said that UK and Coimbatore can cooperate in emerging sectors owing to the huge potential for companies. 

Highlighting Coimbatore’s manufacturing might, he said it is a major centre in the defence corridor and offers opportunities. 

It also has an exposure to on shore wind energy generation and hence, can look at manufacturing for off shore wind mills. EV manufacturing is another area for mutual cooperation, he added. 

Coimbatore, one of the larger tier-two cities in the country, is growing rapidly in the services sector and flow of talent between the two countries should be promoted, Ballhatchet said. 

With India-Britain Free Trade Agreement on cards he said that there is scope for Defence sector business mission to visit Coimbatore. (KNN Bureau)