UKTIP exploring avenues of JVs, investments in Coimbatore

COIMBATORE: Exploring possible avenues for joint ventures and investments, a delegation of UK Trade Investment and Prosperity-India ( UKTIP) today held a meeting with representatives of various industry associations here.

The delegation, led by UKTIP Director St John Gould, interacted with the representatives of various industrial associations on the status of industries and possible joint ventures in the sectors in the region.

The delegation was briefed about different industries and opportunities in valve and pump sector, for which the city is a hub, Coimbatore District Small Industries Association (CODISSIA) Vice-President M V Ramesh Babu told PTI.

There was also huge potential in investment and joint venture in education field, with 20 universities in and around the city and also textile sector, particularly spinning and ready made garment sectors, Gould was told, he said.

A detailed report would be presented to the office of the British High Commission in Delhi to take futurer initiative, Gould told the meeting.

Besides CODISSA, the meeting was attended by representatives of local CII, Southern India Engineering and Manufacturing Association, Indian Chamber of Commerce and Industry.