The Southern India Mills’ Association (SIMA) will host the 14th Texfair, a prominent textile machinery fair, from June 21 to 24 in Coimbatore.
SIMA chairman SK Sundararaman and Vice-chairman S Krishnakumar announced that the event will feature 240 exhibitors, including international participants, across 260 stalls.
Attendees will showcase textile machinery, spares, accessories, and cutting-edge technologies, with the fair expected to generate Rs1,500 crore in business.
Sundararaman highlighted the ongoing need for textile mills to invest 2.5 per cent to 3 per cent of their turnover in spares and modernization efforts. Texfair aims to connect mills with suppliers to help reduce costs and enhance efficiency.
Nearly 40 per cent of exhibitors hail from Tamil Nadu, with 30 per cent to 40 per cent representing the MSME sector. The event is poised to benefit small-scale textile units seeking to lower operational costs.
Noting the cyclical nature of the textile industry, particularly in spinning, Sundararaman expressed optimism for a revival following a recent downcycle.
He emphasized the importance of the Coimbatore region’s textile and clothing industry focusing on value addition, new product development, and branding to capitalize on emerging opportunities.
