Texfair is being held in Coimbatore, May 20 to 23, 2016. This is an exhibition for the textile industry and showcases modern developments. It is a platform for textile mills to zero in on their requirements, meet all suppliers under one roof and plan their investments, cost cutting options and ways to improve their quality. Textile mills on an average spend three per cent of their annual turnover on spares and accessories and six per cent on modernisation.
The event has 220 exhibitors displaying their products across 231 stalls. Major products on display are textile machinery, spares, accessories, testing equipment and electrical and electronic components. It is featuring exhibitors from China and Italy besides Gujarat, New Delhi, Goa, Maharashtra and Punjab.
The objectives of the fair are to provide a platform for stakeholders to zero in their investments and expenses prudently, showcase their inventions and cost effective items and other products, enable technocrats and shop floor technicians to update their knowledge on the latest technology and create an awareness on cost cutting, to encourage micro, small and medium entrepreneurs also to showcase their products and get exposure to the market.
The Southern India Mills’ Association has so far conducted nine exhibitions of textile machinery, spares and accessories since 2001.