Taj Extends Its Domestic Presence

To Develop a New Taj Business Hotel in Coimbatore

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. October 14, 2008

COIMBATORE, India, January 13, 2006. As part of its domestic expansion strategy, Taj Hotels Resorts and Palaces has announced its plans to develop a new Taj Business Hotel in Coimbatore, the second biggest city of Tamil Nadu. Taj Hotels has entered into a long-term license agreement with the owners of Hotel Surya International, Coimbatore. Situated on a 2.17 acre plot on Race Course Road, an upscale location in Coimbatore, the existing structure of Hotel Surya International will be pulled down to make way for a new Taj Business Hotel.

This 200-room hotel will be unveiled by October 2007, providing guests with all modern facilities and services. Located about 12 kms from the airport and 3 kms from the centre of Coimbatore, the hotel will also offer three food & beverage outlets, 15,000 sq ft of banqueting and meeting facilities (indoor & outdoor) and a state-of-the-art fitness centre.

Mr. Raymond Bickson, Managing Director, The Indian Hotels Company Limited, said, "Coimbatore has been identified as one of the fast developing metros of India and is on the threshold of becoming the second largest IT centre after Chennai in Tamil Nadu. Given the rapid IT development and the growth in the textile and automobile industry, which will drive the business demand in the years to come, we feel that Coimbatore offers immense potential for the development of a business hotel. Furthermore, this expansion in second tier cities like Coimbatore is in line with our domestic expansion strategy."

About Coimbatore

Situated at the foothills of Nilgiris, Coimbatore is known for its pleasant climate, peaceful atmosphere, cosmopolitan outlook and private enterprise. The city houses some of the biggest names in Indian Industry. The major industries include textiles, textile machinery, automobile spares, motors, electronics and steel and aluminum foundries. Coimbatore is visited either for business purposes or en-route to some of the well-known tourist destinations such as Coonoor and Ooty. Coimbatore is well connected to all the major metros by air and rail.

Coimbatore, also known as the Manchester of South India, is home to a large number of textile mills, textile machinery manufacturers, hosiery units and engineering industries. There are about 50,000 small, medium and large-scale industries. It has five universities, 25 engineering institutions and more than 100 art & science colleges.

The textile industry in Coimbatore and Tirupur is likely to witness a surge with the phasing out of the quotas. Tirupur, which is situated 55 kms to the east of Coimbatore has emerged as the leading knitwear production centre in the country contributing 85-90 % of India's cotton knitwear export, worth an estimated Rs.5,000 crores. With the rapidly growing export demand, a number of large players have established vertically integrated manufacturing facilities ranging from contract farming for cotton cultivation to setting up of ginning factories, spinning mills and windmills for power generation at a lower cost.