Financial Daily from THE HINDU group of publications
Thursday, Nov 13, 2003
Industry & Economy
Engg expo to showcase SSI units as vendors
Coimbatore , Nov.12
THE first-ever engineering expo on sub-contracting, `Subcon 2003', to be held here next month will prove a test-case for SSI engineering units seeking to emerge as dependable vendors of engineering goods/components and services to major procurers/institutional buyers.
At least a dozen major public and private sector corporates have, according to the expo organisers, already confirmed their participation in the event, which is to be held from December 12 to 14.
Among the major corporates expected to participate are Heavy Engineering Factory, HMT, Southern Railway, Ashok Leyland and LMW.
An estimated 150 engineering component producers are to set shop at the three-day expo, which is jointly sponsored by the National Small Industries Corporation, CII and Codissia, according to Mr C.R. Swaminathan, Chairman of the organising committee.
Briefing presspersons, Mr Swaminathan said Subcon hopes to give momentum to Coimbatore engineering vendors whose profile as suppliers of engineering components to major industries had undergone changes due to upgradation.
The city-based engineering component producers in the SSI outfit, who have gone beyond wearing the garb of motor/pumpset manufacturers and have entered into auto-components/finer engineering/precision instrumentations too, needed exposure on the outsourcing companies and their requirements.
The tariff for the sellers participating in the expo has been subsidised, he said.
According to Mr Ravi Kumar, Senior Branch Manager of the NSIC, co-sponsors of the expo, and Mr Swaminathan, the organisers are keen to make Subcon a biennial event and the 2005 edition may be held as an international expo on sub-contracting.
The Small Industries Development Corporation of Tamil Nadu (SIDCO) has written to the State Government seeking permission to act as `optional procurement agency', which will enable the corporation's participation in procuring stores and materials produced from the SSI units on behalf of Government departments without tendering.
A senior SIDCO official, Mr K.K. Ramanujam, also the Branch Manager of SIDCO industrial estate here, said his Department had identified some 25 products which could be supplied to Government departments by procuring them from the SSI units without the necessity to participate through tendering.
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