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The 16th edition of Intec 2015, the four-day industrial expo is said to have evoked positive response.
“Preliminary assessment of the deals struck is expected to be worth Rs 100 cr and the enquiries, a lot more,” said Codissia President E K Ponnuswamy.
The Codissia President made this observation ahead of the valedictory function.
The expo, which registered a record participation of 420 companies including 29 foreign companies and 164 new exhibitors, is to conclude this evening.
Expressing his awe about the innovative products on display and Trade Fair complex infrastructure, Union Minister for MSME Kalraj Mishra said “this truly represents the “Make in India” movement.”
The Minister lost no time in responding to the industry's demand for setting up a Tool Room in Coimbatore. While he did not commit to setting up one such facility here, he told the participants that the facility would be an extension of the Tool Room proposed in Chennai.
Stating that the MSME ministry had already identified setting up of 15 Tool Rooms in the country with World Bank assistance during the XII Plan period, Mishra said “the Chennai facility would cater to high end technology needs of the MSME sector by providing training in state-of-the-art machines to prospective workers. The extension of such a facility in Coimbatore will be considered.”
He further said that the Ministry is intent on creating an ecosystem through Technology Centres (TCs) to support MSME clusters and ensure global competitiveness in manufacturing. “This is proposed to be done through setting up of 15 new TCs with World Bank assistance, augmentation of 18 existing TCs with new technologies and testing facilities supported by Cluster Network Mangers (CNM) and a National Portal.”
The Codissia President had earlier appealed to Mishra for establishment of a TC and Defense Manufacturing part in Coimbatore. “There is also a need to amend the Defense Policy and open the gate for MSMEs,” Ponnuswamy said.
The Minister pointed out that the MSME sector accounted for 36 per cent of the total industrial production, 40 per cent of total exports and 37.5 per cent to India’s GDP.
Notwithstanding this, the sector has in recent times registered higher growth than large manufacturing sector, he added.
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