The Tamil Nadu government is set to sign a new round of investment deals at the third ‘TN Rising Conclave’ scheduled to be held on November 25 in Coimbatore. The conclave will focus on key industries including electronics, general manufacturing, textiles and aerospace and defence.
“Coimbatore is now on the cusp of transforming from an industrial hub to a holistic economic engine that will host GCCs (Global Capability Centers) and advanced industries. By bringing global investors directly to the region, we are enabling local talent, infrastructure and SME ecosystems to connect with global value chains,” Tamil Nadu Industries Minister TRB Raja said.
“The conclave will be the third regional investment summit in Tamil Nadu after Thoothukudi and Hosur, deliberately shifting the focus away from Chennai and reinforcing our commitment to distributed growth,” he added.
Currently, Coimbatore is home to more than 25 GCCs, many IT firms have expanded their presence here in recent years. The city has also seen an increase in domestic start-ups. A clear indicator of this dynamic is the growing demand for office space throughout the region.
“This year, Coimbatore has witnessed a steady absorption of 700,000 sq ft between January and September 2025. Although the demand for office space is more, the supply is very limited. Currently, the vacancy rate is less than 4%. Around 2 million sq ft of office space is currently approved and this is expected to cater to the growing demand in the city and lead risk advisor, Kings-India and major Jerr Advisor, Capital Markets-Chennai, Jones Lang LaSalle.
Smaller players
“Smaller players are also expected to venture into office space to fill the gap. These office spaces are designed as stand-alone office buildings of 1-2 million square feet. On the other hand, the city has seen the arrival of institutional developers with the intention of creating larger technology parks,” he added.
The first event of TN Rising was held in Thoothukudi where the state government signed an MoU worth ₹32,554 crore. In the second edition held in Hosur, investment agreements totaling ₹24,307 crore were signed.
Published – 18 Nov 2025 23:32 IST
