The Hindu Business Line : Coimbatore trade body to spend Rs 15 cr on infrastructure

The Coimbatore Industrial Infrastructure Association (COINDIA) has said it wouldspend Rs 15 crore on common infrastructurefor the engineering industry.

The projects would be completed by the year end.

Addressing the 3rd annual general meeting of COINDIA here on Saturday, the President of the association, Mr G. Rajendran, said the domestic pump and motor industry could register a 10 per cent growth over the levels achieved in 2004-05, with the exports from this sector growing two-and-a-half times since 2004. The export is now at Rs 80 crore.

Foundries could show 25 per cent growth in the last two years and itsturnover is likely to cross the Rs 2,000-crore mark with direct exports including that of industrial valves accounting for Rs 400 crore.

Mr Rajendran said to boost exports COINDIA under the leadership of the Southern India Engineering Manufacturers Association and the Institute of Indian Foundrymen, Coimbatore would organise international visits and facilitate participation in trade fairs.

It will also set up an information centre on various international material/institute standards to enable domestic engineering goods manufacturers meet global standards.

More Stories on : Infrastructure | Industry Associations | Engineering | Tamil Nadu

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