TN Budget 2024: Coimbatore's Growth Plans

23 Feb 2024 CW Team

The Tamil Nadu Budget for 2024 reveals ambitious plans for Coimbatore, including the establishment of an IT park, a multi-storeyed industrial complex, and a science centre. The proposals signify a strategic focus on bolstering the city's infrastructure and promoting advancements in technology, industry, and scientific research.

The envisioned IT park aims to create a conducive environment for the growth of the information technology sector in Coimbatore, fostering innovation and attracting investments. Additionally, the multi-storeyed industrial complex is poised to enhance the region's industrial capabilities, providing a platform for diverse businesses and contributing to economic development.

The inclusion of a science centre in the budget underlines the commitment to promoting scientific education and research in Coimbatore. This facility is expected to serve as a hub for scientific exploration, education, and public engagement, fostering a culture of curiosity and discovery.

These planned developments align with the state government's broader vision to transform Coimbatore into a dynamic and progressive urban centre. By investing in key sectors such as information technology, industry, and science, the government aims to stimulate economic growth, create employment opportunities, and position Coimbatore as a hub for technological and industrial advancements.

As the budget unfolds, these proposed initiatives underscore the state's commitment to the comprehensive development of Coimbatore, paving the way for a future marked by technological innovation, industrial growth, and scientific excellence.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..