Coimbatore industries hope the Union Budget announcements will revive demand
1 year, 11 months ago

Coimbatore industries hope the Union Budget announcements will revive demand

The Hindu  

Industries, especially the MSMEs, hope the Union Budget will lead to better demand in the domestic market and revive industrial production. Coimbatore District Small Industries Association president V. Thirugnanam said the Budget supported skill development, fund availability to MSMEs, and ease of doing business. Coimbatore Tirupur District Micro and Cottage Industries Association president C. Sivakumar said the Budget had several announcements for the growth of MSMEs. Coimbatore SIDCO Industrial Estate Manufacturers’ Welfare Association P. Nallathambi said projects such as the credit guarantee scheme and skill development centres would support the MSMEs.

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History of this topic

Centre of excellence opened for MSMEs in Coimbatore
6 days, 15 hours ago

Centre of excellence opened for MSMEs in Coimbatore

The Hindu  

A centre of excellence that will support Micro, Small and Medium-scale Enterprises in Coimbatore district with design and simulation has started functioning at the Coimbatore SIDCO Industrial Estate Manufacturers Welfare Association premises. The Tamil Nadu Industrial Development Corporation has set up the COSIEMA - TANCAM centre at ₹1 crore, with ₹50 lakhs contributed by the COSIEMA. The COSIEMA president C. …

MSMEs in Tamil Nadu demand relief in electricity charges
2 months, 1 week ago

MSMEs in Tamil Nadu demand relief in electricity charges

New Indian Express  

COIMBATORE: Industrialists, especially operators of small industrial units, have urged the Chief Minister to address electricity issues, particularly fixed power charges for industrial units. J James, president of Tamil Nadu Association of Cottage and Micro Enterprises, “The increase in fixed power charges which was revised by the state government in September 2022 is high and affects MSMEs. Earlier, it was …

Coimbatore Round up
3 months, 3 weeks ago

Coimbatore Round up

The Hindu  

Regularisation of plots The District Town and Country Planning office has asked residents who want to apply for regularisation of plots and layouts sold before October 20, 2016 in hill areas to apply online by logging on to www.tnlayouthillareareg.in, according to a press release. Awareness meeting held The Federation of Indian Chambers of Commerce and Industry, Kerala State Council, and …

Coimbatore round up
4 months, 1 week ago

Coimbatore round up

The Hindu  

Knitwear exhibition concludes The 51st Edition of India International Knit Fair for Spring/ Summer Collection 2025, organised by the India Knit Fair Association, concluded in Tiruppur on Friday. A press release said 240 agents representing buyers, buying houses, and sourcing consultants from about 180 companies visited the three-day event that focused on circularity and sustainability. Voter enrolment camps at apartments …

Industrial and commerce bodies term Union Budget as pragmatic fostering MSME growth
5 months, 3 weeks ago

Industrial and commerce bodies term Union Budget as pragmatic fostering MSME growth

The Hindu  

Industrial and commerce bodies in Dakshina Kannada welcomed the Union Budget, terming it a pragmatic one aimed at fostering micro, small and medium enterprises thereby creating more jobs. Terming the Budget growth-oriented, Kanara Industries Association president N. Arun Padiyar said proposals on employees provident fund scheme and providing ₹2 lakh crore support for job creation will generate more employment. District …

Coimbatore MSMEs appeal to Chief Minister Stalin to roll back hike in electricity fixed charges
5 months, 3 weeks ago

Coimbatore MSMEs appeal to Chief Minister Stalin to roll back hike in electricity fixed charges

The Hindu  

Over 20 MSME industrial associations in Coimbatore have decided to seek an appointment with Chief Minister MK Stalin to demand revision of electricity fixed charges. M. Karthikeyan, president of the Coimbatore District Small Industries Association, said the association heads met here on Thursday and demanded rollback of the recent hike in power tariff. It was also decided at the meeting …

Industrial organisations have strongly opposed tariff hikes, saying industries in TN are facing recession
5 months, 4 weeks ago

Industrial organisations have strongly opposed tariff hikes, saying industries in TN are facing recession

New Indian Express  

COIMBATORE: Industrial organisations in Coimbatore and Tiruppur districts have strongly opposed the power tariff hike, saying that industries in Tamil Nadu are already facing a recession-like situation and the hike would sound the death knell for the industries. The Federation of Coimbatore Industrial Association, a common body for 23 industrial associations, said the power tariff hike would destroy micro and …

Coimbatore’s economy will get a thrust with expansion of airport, cricket stadium: MP Ganapathi P. Rajkumar
6 months, 3 weeks ago

Coimbatore’s economy will get a thrust with expansion of airport, cricket stadium: MP Ganapathi P. Rajkumar

The Hindu  

Expansion of the Coimbatore International Airport and the construction of a cricket stadium in Coimbatore will bring economic benefits to the district, said Ganapathi P. Rajkumar, the newly-elected Member of Parliament of Coimbatore. Inaugurating the 14th edition of Texfair, a textile machinery, accessories, and fibres exhibition organised by the Southern India Mills’ Association, Mr. Rajkumar said almost 30% of the …

BJP announces 100 promises for Coimbatore
9 months ago

BJP announces 100 promises for Coimbatore

The Hindu  

The Bharatiya Janata Party has announced 100 promises for Coimbatore constituency that will be fulfilled in 500 days. K. Annamalai, the party’s Coimbatore constituency candidate, told the media that some of the important promises were expansion of Coimbatore airport, the metro rail project, establishment of IIM - Coimbatore, implementation of the Anamalai - Nallar scheme, revival of rivers, establishment of …

MSMEs to organise meeting in Coimbatore to highlight their demands
10 months, 3 weeks ago

MSMEs to organise meeting in Coimbatore to highlight their demands

The Hindu  

The Tamil Nadu Industrial Electricity Consumers Association will organise a meeting in Coimbatore next month to highlight the demands of the Micro, Small and Medium-scale Enterprises that the Central and State governments have not addressed. The Central government is not addressing the challenges faced by the textile industry, especially those in Tamil Nadu. The meeting will highlight the plight of …

T.N. Budget 2024 | IT park, multi-storeyed industrial complex, and science centre planned in Coimbatore
10 months, 3 weeks ago

T.N. Budget 2024 | IT park, multi-storeyed industrial complex, and science centre planned in Coimbatore

The Hindu  

The Tamil Nadu Budget 2024-25 presented by Finance Minister Thangam Thennarasu on Monday proposes a multi-storeyed industrial complex with plug and play facilities for micro units in Coimbatore. Tamil Nadu Budget announcements for Coimbatore district A grand library and science centre named after Muthamizh Arignar Kalaignar Model centre called Poonjolai with skill training, counselling, and medical examination facilities Multi-storeyed industrial …

Budget evokes mixed reaction from industries, Chamber of Commerce
1 year, 6 months ago

Budget evokes mixed reaction from industries, Chamber of Commerce

The Hindu  

The Mysuru Industries’ Association has dubbed the 2023-24 State Budget as disappointing and lacking in vision. MIA president Vasu, who is a former Congress MLA and was denied a ticket to contest from Chamaraja constituency, said the budget has failed to respond to the requirements of the industry and listed a slew of demands that were not met. He said …

Trade, Industry And Textile Sector Welcome TN Budget
1 year, 9 months ago

Trade, Industry And Textile Sector Welcome TN Budget

ABP News  

The local chapter of Indian Chamber of Commerce and Industry on Monday welcomed the Tamil Nadu Budget, particularly with the announcement of Metro Rail Project for Coimbatore allocating Rs 9,000 crore. In a statement, Chamber president B Sriramulu appreciated and thanked Chief Minister M K Stalin for announcing allocation of Rs 77,000 crore for developing Mega Power Project generating 14,500 …

Technology centre coming up at ₹200 crore in Coimbatore
1 year, 10 months ago

Technology centre coming up at ₹200 crore in Coimbatore

The Hindu  

The Central government will set up a technology centre here at a cost of ₹200 crore to support Micro, Small and Medium-scale Enterprises. According to president of Coimbatore District Small Industries Association V. Thirugnanam, the Joint Director of MSME Development and Facilitation Office, S Suresh Babuji, announced the project at a meeting organised here recently by Codissia on import and …

MSMEs in Coimbatore demand measures to increase fund availability
1 year, 11 months ago

MSMEs in Coimbatore demand measures to increase fund availability

The Hindu  

Industries, mainly the Micro, Small and Medium-Scale Enterprises in Coimbatore district, have appealed to the Union government for measures that will give financial boost as markets have slowed down and fund availability for the units has taken a hit. President of Indian Chamber of Commerce and Industry, Coimbatore, B. Sriramulu said that since the export markets are facing a slowdown, …

Tamil Nadu budget 2022 highlights
2 years, 9 months ago

Tamil Nadu budget 2022 highlights

The Hindu  

Tamil Nadu Finance Minister Palanivel Thiaga Rajan presented the General Budget for 2022-23 in the House on March 18, 2022. Tamil Nadu Finance Minister Palanivel Thiaga Rajan, presenting the Budget, said the revenue deficit has been brought down by ₹ 7,000 crore. The Tamil Nadu government has allocated ₹50 crore for emerging sector seed funds in the State Budget, said …

No Funds, No Workers: Coimbatore MSMEs Demand Help From TN Parties
3 years, 10 months ago

No Funds, No Workers: Coimbatore MSMEs Demand Help From TN Parties

The Quint  

While the sector has been facing huge losses, all political parties have canvassed for support in Coimbatore promising development. During his visit to Coimbatore, Prime Minister Narendra Modi spoke about how the MSME sector is crucial for building ‘Atmanirbhar Bharat.’ He assured that the Centre will work in unison with the state government to offer incentives and schemes to help …

‘New industrial parks will spur development’
4 years, 9 months ago

‘New industrial parks will spur development’

The Hindu  

Coimbatore is poised to become an industrial megapolis like Chennai and Bengaluru, according to Coimbatore District Small Industries Association president R. Ramamurthy. Apart from the industrial, technical and agricultural fairs and exhibitions we organise every year, this year we have introduced two new fairs. This is the first time in India that a small industry body is taking up such …

Nirmala’s maiden budget growth-oriented: Industry
5 years, 6 months ago

Nirmala’s maiden budget growth-oriented: Industry

Deccan Chronicle  

Coimbatore: Industry bodies in Coimbatore region have welcomed the Finance minister Nirmala Sitharaman’s maiden budget, presented in Parliament on Friday for the year 2019-20, as growth-oriented. He also said, “The proposal to provide additional relief of `1.50 lakh towards interest for affordable housing loans up to `45 lakhs will not only increase investment in housing sector but also help middle …

Budget 2019: Mixed industry reactions from Coimbatore belt
5 years, 11 months ago

Budget 2019: Mixed industry reactions from Coimbatore belt

Deccan Chronicle  

Coimbatore: Industry response in the western region of Coimbatore to the Interim union budget 2019 presented by Mr. Piyush Goyal in Parliament was a mix of elation and disappointment. Mr. Raja M Shanmugham, president of Tirupur Exporters Association, broadly welcoming the budget said, “the announcement of Rs 6,000 per annum to the Small and Marginal farmers and increasing the income …

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