Financial Daily from THE HINDU group of publications
Tuesday, Feb 03, 2004
Industry & Economy
`Tex Spares 2004' to hold business meet on wind energy
Coimbatore , Feb. 2
THE second edition of the Southern India Mills Association (SIMA)-sponsored textiles spares/accessories exhibition, `Tex Spares 2004', to be held later this week has sought to improve upon its maiden industrial exhibition hosted by the association three years ago.
Tex Spares will sport business meet on wind energy in which the Indian Renewable Energy Development Agency (IREDA) will hold loan facilitation meet on all five days of the exhibition.
This is to help the textile entrepreneurs who seek borrowings for wind energy projects, which are now being cleared under the textile upgradation fund (TUF) scheme.
The IREDA officials would process the loan applications at the exhibition venue and take spot decisions on financing the wind energy projects from the promoters, said Mr Vijay Venkataswamy, Chairman of SIMA.
The event will be held between February 5 and 9, and would focus on the entire gamut of the textile machinery spares and accessories from both the OEM (original equipment manufacturers) as well as small time equipment/machinery manufacturers who supply to the tailor-made accessories requirements.
Briefing presspersons here on the B2B textile accessories fair, Mr Venkataswamy said that in order to make the fair user-industry focused, parallel business sessions in the form of seminars would be staged during the course of the exhibition.
As part of this, the Indian Railways would present a `Cotton logistics on Guntur to Coimbatore' with a focus on transport of cotton by train from Guntur to Coimbatore.
Also, specific subject pavilions to be put up at the fair would include the textile parks, cotton and wind energy pavilions. The Palladam Hi-tech Weaving Park and the Kinfra Apparel Park (from Kerala Industry Infrastructure Development Corporation) would figure in these thematic pavilions.
The exhibition will also draw out the participants who offer import substitution in manufacture of spares, especially when the percentage of imported textile machinery used by the industry is on the rise.
According to Mr Umesh, Secretary of the Textile Machinery and Mill Stores Merchants Association, Coimbatore, the fair is likely to elicit greater attention from the textile technologists and entrepreneurs from the region who have increasingly focused on inventory-control and just-in-time spares procurement to bring down their production costs. The South-based organised textile industry is believed to be spending two to four per cent of their sales turnover on spares. The spinning industry estimates that a mid-sized unit spends roughly 25 paise to 40 paise per spindle per day on spares and accessories.
Of the estimated Rs 1,200-crore textile spares and accessories sale on all-India every year, the share of the South India textile mills is again perceived to be in the order of 50 per cent of the all-India sales volume.
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