The district chapter of the Confederation of Indian Industry (CII) has put in place a task force to develop the electronics manufacturing sector in Coimbatore.
The task force has commenced discussions with large multinationals operating in the state and other places to attract investments and take up expansion projects in the district.
According to the CII, Coimbatore has the possibility of capturing 30 per cent to 40 per cent of the state’s electronics manufacturing output, estimated at $40 billion by 2025.
Furthermore, CII functionaries urged industry players to take advantage of this space, which could provide direct employment for more than 10,000 people and indirect employment for 40,000 to 60,000 people, while boosting the local consumer economy.
As the healthcare industry becomes increasingly digitally driven, CII also stated that the homegrown electronics industry that focuses on digital health could capture a significant share of the market.