Our Correspondent

Madurai, May 9

The increasing investment culture in the country marks a movement towards prosperity and the entrepreneurs should use this trend to the benefit of industrialisation of the southern region through their efforts, according to the Managing Director, Thiagarajar Mills and Past Chairman, Confederation of Indian Industry, Southern Region, Mr T. Kannan.

He said this while presenting the `Visvesvaraya Award 2005' for the best small-scale unit in the region at the 32nd Anniversary of Madurai District Tiny and Small Scale Industries Association (Maditssia), held here.

Intellectual assets are becoming more valuable than physical assets and the country's population, once considered a problem, is turning into a valuable human resource and the future belongs to this emerging young population demographically compared to other countries including China, America and Japan.

Adaptability

The inherent character of adaptability of the Indian population has instilled the spirit of cooperation and competition to take on the challenges successfully and the present process of globalisation is nothing new in its experience if one were to look into the history.

Earlier, the Maditssia President, Mr S. Aravind , in his address, said the association has taken steps to get ISO Certification and a web portal has been opened to promote industry-institute interaction.

The Visvesvaraya Award 2005 was presented to M.M. Synthetics, Theni. The second and third prizes went to V.V. Mineral, Tirunelveli, and Supreme Sizing and Weaving Mills, Nagari Village, Madurai.

A directory, giving details of the members based on Membership Data Management Software provided by ZDH, a Confederation of Association of Small Scale Units, Germany, was released on the occasion.

(This article was published in the Business Line print edition dated May 10, 2006)
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