COIMBATORE: A team of five entrepreneurs from the United States had discussions with office-bearers of the Coimbatore District Small Industries Association here recently. The team evinced interest in setting up a balloon factory here. The entrepreneurs have identified land at Kinathukadavu, near here, said J. Balu, president of the association. The team visited Coimbatore six months ago and came again this month. The association had helped the U.S. entrepreneurs identify land and also guided them on other issues to start a unit here.
According to him, more industries are likely to start operations here owing to availability of labour. Mr. Balu said the salary that a welder received in Europe for five hours was the monthly payment made to a welder here. Though not a large number of foreign investments had come here so far, starting a couple of units would stimulate further investment, he said.