Economy of Coimbatore as of Jan 2010 - a reality check

Please see my previous article about people in coimbatore and their classification based on salaries. That should tell about the different kinds of people in Coimbatore.

I have written a similar article in April of 2009 for Economy of Coimbatore - a reality check in 2009.

At any case - let us check the status now:

One major complaint in Coimbatore economy is there is no major manufacturing divisions started up. Anything started up recently are retail outlets, refined grocery outlets, service outlets of different companies, shops etc., which sell things, insurance, banking etc.,

Only when there are more than 70% manufacturing companies, then only there is a significant improvement in economy of Coimbatore. In fact, there is reduction in number of manufacturing companies. On those days, atleast Fenner was great. But there are countable ones - Fenner, TVS companies etc.,

Every individual who works thinks of a secondary income and gets the compulsion of starting off something by himself, while he does the day job. While this happens, they always end up doing only service stuff and they don't create anything.

It is always only a share of existing money in Coimbatore. Only when outside companies come into Coimbatore and invest and give employment opportunities to Coimbatore people then only we get the actual productivity of Coimbatore and improvement in economy of Coimbatore.

Anyway, overall - it is good for Coimbatore's entrepreneurs to grow with new thinking of starting something of their own.

There has to be big companies coming in and giving employment to 100s and 1000s of people in Coimbatore - then there would be some difference and impact in coimbatore economy. In fact, any government concentration is only on north and not in southern parts of tamil nadu. If they concentrate, then there would be significant contribution from Coimbatore and southern districts as well.