Shuttered factories, fewer workers and piling inventories are the fallout of the consumption slowdown in Coimbatore. The city, which supplies a bulk of the spare parts for automakers, has one of the highest densities of textile units in the world and meets more than 90% of the country’s wet grinder demand.
9 min read . 09:23 AM IST
- Coimbatore would have been an ideal location for a ‘Make in India’ push. Then, the slowdown changed everything
- Coimbatore’s small and medium units will be keenly watching the budget. However, short-term concessions may not help much in the absence of a long-term strategy to revive manufacturing