Friday, August 27, 2010

INTEC expects Rs. 300-crore business

The Industrial Trade Fair (INTEC Coimbatore 2010) to be held here from September 1 to 5 expects to generate business of about Rs. 300 crore.
Chairman of INTEC V. Sundarrajulu told presspersons here on Wednesday that the event would have about 450 participants from different States and other countries too. Participants were expected from Japan, China, Singapore, the U.S., Italy, Taiwan, and Germany. A large number of small-scale units here would also take part.
Last year, the fair generated business enquiries for about Rs. 300 crore. Order books were full for most of the industries here, outsourcing units were doing well, the market had revived, entrepreneurs were willing to invest and the banks were ready to finance. Hence, business was expected to be higher this year.
With the industries here facing shortage of 15,000 to 20,000 workers, automation would be an area of focus at the exhibition. The engineering industries here wanted to go in for automation to increase productivity. The spotlight at the exhibition would be on industrial automation, material handling, and energy efficiency.
President of Coimbatore District Small Industries Association M. Kandhaswami said the exhibition would would be inaugurated by Union Minister for Information Technology and Telecommunications A. Raja. Over a lakh visitors were expected from across the country.
A seminar would be held on September 3 on “Positioning Manufacturers for the Economic Upturn”. V. Sumantran, Vice-Chairman of Hinduja Automotive Limited, would inaugurate the seminar. It would be organised jointly by INTEC, CODISSIA and TexasVentures.
According to D. Gandhikumar, President of the Tamil Nadu Small and Tiny Industries' Association, the momentum in the industry is expected to be sustained for another four or five years. Several joint ventures are taking place between Indian and overseas companies.

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