Crucial phase
The HinduIN view of the massive transformation that Coimbatore is going through, the year 2008 will be a crucial one for the textile city. D. Balasundaram, president of the Indian Chamber of Commerce and Industry, Coimbatore, Rajesh B. Lund, managing director, Srivari Infrastructure Private Limited, and C. Muthusami, president of the Coimbatore District Small Industries Association, are unanimous that the city should get its act together to build sound infrastructure. Balasundaram said that although District Planning Committees had been set up as recommended by the Eleventh Plan document, the government had not complied with the spirit of the Plans requirements. The textile and engineering industries, small industrial units and the tea estates in the neighbouring Nilgiris district hold the key to Coimbatores economy. Balasundaram emphasised that a great opportunity presented itself to Tamil Nadu and Coimbatore with the Eleventh Plan anticipating a growth rate of 9 per cent and the Twelfth Plan aiming at a growth rate of 12 per cent.
History of this topic
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