The 11th edition of textile machinery, accessories and spares exhibition, organized by Southern India Millsâ€™ Association (SIMA) will be coming up soon. According to the organizers, the participation this year is nearly 20 percent more than the previous edition and they are expecting business enquiries to the tune of Rs. 500 crore.
Chairman of the association P. Nataraj said that nearly 250 participants will display machinery, spares, accessories, testing equipment, etc in 300 stalls, which would be a platform for textile mills to plan their present and future investment. Apart from exhibitors from different parts of the country, companies from Italy, China, Japan, and Switzerland will also take part.
As a concurrent event, a farm-to-finish expo will also be organised with about 50 companies showcasing cotton, fibres, yarn, made-ups and garments.
Further, the industry does not expect any negative impact because of GST on investments. There is not much clarity yet on GST procedures. However, it is not expected to affect investments, said Mr. Nataraj.
The mills on an average spent 2.5 to three per cent of their turnover on spares and accessories.
Since the industries can purchase their requirements under one roof, this has become part of the exhibition calendar for many participants. Hence, the response this year had been good, said the organizers.
The exhibition will be inaugurated by Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works, on November 17.
The four day TEXFAIR will run from November 17 to 20 at CODISSIA Trade Fair Complex will be open from 10 a.m. to 6 p.m. and entry is free for textile stakeholders and nearly one lakh visitors are expected.
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