Kavundampalayam MLA Kanimozhi Santhosh has welcomed the Tamil Nadu Chief Minister’s announcement that a digital financial centre, “Coimbatore FinTech Hub,” will be established in Coimbatore through the Tamil Nadu Industrial Development Corporation (TIDCO) at an estimated cost of ₹400 crore.
In a statement, she said the announcement would help take Coimbatore’s industrial growth to the next level and create new opportunities for the youth.
The proposed FinTech Hub will feature world-class office spaces, facilities for start-ups, modern research and laboratory facilities, and training and skill-development centres.
She said the project would provide a major opportunity to attract global investments to Coimbatore, encourage innovation in the financial technology sector and create high-quality employment opportunities for young people.
Coimbatore is already a leading city in the fields of industry, entrepreneurship and information technology. Through this project, the city could further emerge as one of India’s major FinTech hubs and gain greater international recognition as a technology centre, she said.
Welcoming the project on behalf of the people of Kavundampalayam constituency and Coimbatore, Kanimozhi Santhosh said the initiative, announced with the long-term development of Coimbatore, employment opportunities for youth and economic opportunities for future generations in mind, was highly significant.
She also expressed her heartfelt gratitude to the Tamil Nadu government and the Chief Minister for continuing to give priority to Coimbatore’s industrial development and for announcing the important project.