Coimbatore should explore opportunities in electronics, AI, says MeitY Secretary S. Krishnan
S. Krishnan, Secretary of the Ministry of Electronics and Information Technology, emphasized the need for Coimbatore industries to leverage opportunities in the electronics and AI sectors. He highlighted the government's increased funding for the Electronics Components Manufacturing Scheme and the potential for growth in the digital economy. The digital economy is projected to grow significantly, presenting various opportunities for local industries.
- ▪S. Krishnan urged Coimbatore industries to explore opportunities in electronics and AI.
- ▪The Union government has increased funding for the Electronics Components Manufacturing Scheme to ₹40,000 crore.
- ▪The digital economy is expected to grow at 20% annually by 2030, making up one-fifth of the Indian economy.
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Coimbatore industries should tap the opportunities offered by Artificial Intelligence and electronics sectors, said S. Krishnan, Secretary of the Ministry of Electronics and Information Technology of India (MeitY).Mr. Krishnan, who inaugurated the renovated building of the Indian Chamber of Commerce and Industry, Coimbatore, and presented the GK Sundaram Awards instituted by the Chamber, at a function held in Coimbatore city on May 29, 2026 (Friday), said the Union government has increased the outlay for the Electronics Components Manufacturing Scheme to ₹40,000 crore and it was available till next July. Tamil Nadu has the highest number of proposals under this scheme with 41 units planned at ₹61,000 crore investment. Industries in Coimbatore should also make use of the scheme.
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