After Bangalore, Hyderabad and Chennai, the focus of attention has
shifted to Tier II IT destinations. Occupying the top slot in the
category is Coimbatore, South India's next IT hotspot.
Coimbatore scores well in availability of talent, adequacy of real
estate, availability of power, connectivity and cost of living. As
per PwC, Coimbatore is suitable for setting up an IT park. There is
an immediate requirement of approximately 0.6 million sq ft of IT
park space to be gradually scaled upto a total of 1.4 million sq ft
for 14000 professionals by the year 2008. Estimated export revenues
stand at $113 million by the year 2008.
Coimbatore also boasts of 20,000 engineering graduates and approximately
28,000 non-engineering graduates with the number set to grow by 2008,
an enterprising community and salubrious climate. The IT Park has
an employment potential for 14,000 people.
Some of the leading multinationals such as Citibank and HSBC have
opened branches in the city.
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