CII to launch Coimbatore NXT to make city attractive investment destination

Coimbatore, Sept 7 (KNN) To make the region a vibrant economic destination, the Confederation of Indian Industry (CII), Coimbatore will launch the Coimbatore NXT on September 12.

“CII has drafted a plan with a set of measures that will make Coimbatore visible, vibrant, and attractive to skilled human resource and conglomerates across industrial verticals. These measures will be tagged with specific metrics that will be monitored,” said S. Prashanth, chairman of CII, Coimbatore on Tuesday.

Prashanth further stated that to achieve Tamil Nadu government’s target of USD 1 trillion economy by 2030, Coimbatore has to play a significant role.

Speaking about the CII’s NXT initiative ,Arjun Prakash, former chairman of CII, Coimbatore said  “Industrial development in Coimbatore is several decades old with several well established businesses. The industries then had easy access to market, raw materials, cheap power, and manpower.”

“The situation is changing and evolving. There are a lot of new technologies, fields of interest that are emerging among the youth and Coimbatore should provide opportunities for these people,” he added.

CII for this project had listed the areas that need to be addressed to enable Coimbatore and its industries realise their full potential. The CII will work with other associations, stakeholders, and the government on these bottlenecks. The NXT Coimbatore will help existing industries become future ready.  (KNN Bureau)