The Southern India Engineering Manufacturers’ Association (SIEMA) will focus on enhancing global trade , its newly-elected President, Mr T.C. Thiagarajan, has said.
It will also improve its networking with agencies involved in the promotion of exports.
Speaking at the AGM of SIEMA here on Thursday, he said that the association members were meeting water supply needs of the household and farm sectors as they were involved in the manufacture of pump sets. According to the data provided by the Engineering Export Promotion Council (EEPC), export of engineering goods and pumps registered a 35 per cent growth in 2011-12 compared to the previous fiscal. SIEMA members had made a significant contribution towards this.
Mr Thiagarajan said this growth provided a boost to those members who were eyeing the export market. SIEMA would assist its members with‘appropriate strategies’ he said.
The SIEMA President said it would improve networking with embassy officials in India and take part in market development activities of the EEPC. It will also coordinate with Exim Bank, DGFT and RBI to better understand the policy changes with relation to foreign trade. Technical sessions on changes in domestic and international standards would also be regularly held.
Apart from Mr Thiagarajan, others who took office today were Mr V. Lakshminarayanaswamy, Mr K.K.Rajan and Mr V.Krishnakumar, all as Vice Presidents, for the year 2012-13.