The Southern India Mills’ Association (SIMA) is set to host the 14th edition of Texfair, a prominent textile machinery fair, from June 21-24 in Coimbatore, reveals SK Sundaraman, Vice Chairman, SIMA.
The fair will feature 240 exhibitors, including international participants, spread across 260 stalls. Exhibitors will showcase textile machinery, spares, accessories, and cutting-edge technologies, with an anticipated business turnover of Rs 1,500 crore.
Textile mills typically allocate 2.5 per cent to 3 per cent of their annual turnover for spares and accessories, alongside investments in modernization, notes Sundaraman. These mills are continually seeking ways to cut costs, boost efficiency, and forge new supplier partnerships. Texfair aims to bridge the gap between mills and suppliers through this exhibition, he adds.
Approximately 40 per cent of the exhibitors hail from Tamil Nadu, and 30 per cent to 40 per cent from the MSME sector. The event is expected to benefit the small-scale textile industry as well, as these units strive to lower operating costs to remain competitive.
Facing a downturn since the past 16-18 months, textile units need to enhance efficiency and reduce operational expenses, adds Sundararaman.
Further Sundararaman and Krishnakumaremphasisedon the need for the textile and clothing industry in the Coimbatore to focus on value addition, new product development, and branding to seize emerging opportunities.
