The Tamil Nadu Industrial Development Corporation (TIDCO) has invited bids for a feasibility study for a proposed ₹400-crore Digital FinTech Hub in Coimbatore (Kovai).
The proposed project is planned across approximately 10 acres and is intended to strengthen the region’s digital finance, fintech, and technology ecosystem.
Key Highlights
Project: Digital FinTech Hub
Location: Coimbatore, Tamil Nadu
Estimated investment: ₹400 crore
Land: Approximately 10 acres
Proposed facilities: Grade-A office spaces, laboratories, training and skill-development centres
Additional infrastructure under assessment: Convention facilities and data-centre infrastructure
Potential users: Fintech companies and Global Capability Centres (GCCs)
Implementation models being assessed: PPP, joint venture, and EPC models
Bid submission deadline: October 29, 2026
The feasibility study will assess the project's technical, economic, infrastructure, and implementation requirements and help determine the appropriate development model.
The proposed hub is part of efforts to expand Tamil Nadu's technology and fintech ecosystem beyond Chennai and create opportunities for technology-driven businesses in the region.