Latest news with #CoimbatoreDistrictSmallIndustriesAssociation
The Hindu
35 minutes ago
- Entertainment
- The Hindu
Coimbatore Book Festival to be held from July 18 to 27
The Coimbatore district administration and the Coimbatore District Small Industries Association (Codissia) will organise the ninth edition of Coimbatore Book Festival next month in the city. District Collector Pavankumar G. Giriyappanavar told the media on Tuesday the fair to be held at the Codissia Trade Fair Complex from July 18 to 27 will have over 280 stalls. More than one lakh titles will be on display and the organisers expect close to one lakh visitors. The fair will be open from 10 a.m. to 8 p.m. and entry will be free. The organisers have made arrangements for the government school students to visit the fair. Some of the special events at the 10-day fair will be presentation of Lifetime Achievement Award to a Tamil literary personality. The award will carry a cash prize of ₹1.5 lakh and a citation. Three literary personalities will receive Young Writers Award in fiction, non-fiction, and poetry categories. The publisher of these works will also receive a cash prize. Applications for this award should be submitted by June 15. Further, a short film competition will be organised under the topics : Being Human, Save Nature, Old is Gold, Breaking Stereotypes, and Gratitude and Empathy. Directors Lingusamy and Saran will be the judges for this contest. The Collector added that this year, women's day will be celebrated for the women visiting the fair, and cultural programmes will be organised every day. Competitions will be conducted for school and college students, he said.
Time of India
3 days ago
- Business
- Time of India
Expand Neelambur bypass in Coimbatore into six-lane expressway: Codissia
Coimbatore: The Coimbatore District Small Industries Association (Codissia) has urged the Union road transport and highways ministry to expand the two-lane Neelambur bypass into a six-lane expressway with service roads. The association has also sought construction of flyovers at key intersections, to enhance road safety and connectivity. In a letter to Union road transport and highways minister Nitin Gadkari, Codissia president M Karthikeyan highlighted that Coimbatore had contributed Rs2 lakh crore to Tamil Nadu's gross state domestic product last year and that one of India's first projects under the build-operate-transfer model was implemented in the district - a 27km stretch between Neelambur and Madukkarai that provides vital access to Kerala from various parts of the country. "While both ends of the bypass road are six-lane expressways, the central 27km stretch abruptly narrows into a two-lane road. This segment is riddled with blackspots and is highly dangerous, with frequent accidents and loss of lives," he said. Now that the National Highways Authority of India has taken over the project from L&T after a prolonged effort, the Union transport and highways ministry should take steps to upgrade this two-lane stretch into a six-lane expressway with service roads, he said. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Undo "Once completed, this will become a model road in Coimbatore, improving access to the new airport terminal, container corporation, railway goods shed, industrial parks, educational institutions, hospitals, IT parks, shopping malls, entertainment centres, residential areas and more," Karthikeyan said. He then appealed the Union minister to implement the project at the earliest, stating it would be a major relief not only for the people of Coimbatore but also for commuters from Kerala traveling to Bengaluru, Chennai and other regions.
The Hindu
3 days ago
- Business
- The Hindu
CODISSIA opposes the proposed hike in power tariff from July 1
The Coimbatore District Small Industries Association has urged the Tamil Nadu government and the Tamil Nadu Electricity Regulatory Commission (TNERC) to not implement the proposed increase in power tariff for industries from July 1. The Association president, M. Karthikeyan, said in a press release that the hike, if implemented, will impact the sustainability of the Micro, Small and Medium-scale Enterprises (MSMEs). The industries are currently operating just 50% to 70% capacity due to high cost of raw material costs, increase in operational costs both in domestic and global markets, shortage of manpower, recent uncertainties such as the US import tariff, the geo political situation and war conflicts A further rise in power tariff could lead to additional financial stress, reduction in industrial output, job losses and even closure of industries. The government should reconsider the multi-year tariff revision and not implement any hike in electricity charges for the MSMEs, he said.
The Hindu
06-05-2025
- Business
- The Hindu
SUBCON exhibition in Coimbatore from May 14 to 16
The Coimbatore District Small Industries Association (Codissia) will organise the ninth edition of SUBCON, an exhibition to connect MSMEs and larger industries, in Coimbatore from May 14 to 16. J. Sanjeevi Kumar, chairman of SUBCON 2025, told the media on Tuesday that over 225 exhibitors will occupy 250 stalls. The SUBCON series of exhibitions aim at connecting the buyers and sellers, bringing the PSUs, DPSUs and large Industries to the venue to showcase their requirements to the MSMEs. Coimbatore region has more than two lakh MSME units and is known for precision engineering of machined components and sub-assemblies. It is a hub for castings, forgings and machined components. The event at the Codissia Trade Fair Complex, occupying 75,000 is supported by the National Small Industries Corporation, MSME – Technology Development Centre, process and Product Development Centre, Agra and FaMe TN. The participants are from Karnataka, Kerala, Maharashtra, Puducherry, and Tamil Nadu. It will be open from 10 a.m. to 5 p.m. Visitors can register online through
The Hindu
29-04-2025
- Business
- The Hindu
Credit off take by MSMEs in Coimbatore reduces
With several industrial sectors facing a slowdown of orders for almost a year now, credit offtake by the Micro, Small and Medium-scale Enterprises (MSMEs) in the manufacturing sector seems to be shrinking. 'An industry will need funds either for expansion or for a new venture. It is a widespread belief that in the last one year, MSMEs are reluctant to invest,' said M. Karthikeyan, president of the Coimbatore District Small Industries Association. 'We are talking about components and spares coming to Coimbatore in huge quantities from Gujarat as the MSMEs in Tamil Nadu, especially Coimbatore, are losing their cost competitiveness. If the current demand trend continues, more MSMEs in Coimbatore will go out of business,' added C. Sivakumar, president of the Coimbatore Tiruppur District Tiny and Micro Enterprises Association. Industries faced a slight drop in business in 2023-24. Instead of a revival, the situation worsened last fiscal. This year, demand is dull in the first month and there is no sign of a orders picking up. So, MSMEs do not want to invest in such a scenario, said Mr. Sivakumar. Offtake of bank loans in Coimbatore by MSMEs was nearly ₹35,500 crore in 2024-25. Even in February this year, the offtake was slow and several industry associations organised loan melas. The interest rate offered by the lenders in the non-banking financial sector (NBFCs) is competitive now for machinery purchase too and many MSMEs are moving to the NBFCs for loans, said Mr. Karthikeyan. The Potential Linked Credit Plan for 2025-26 envisages almost the same disbursement as last year by the banks for MSMEs. Coimbatore District Collector Pavankumar G. Giriyappanavar said the annual credit plan for Coimbatore for the current financial year would be released in the second week of May. Industry leaders say Coimbatore MSMEs require focused support packages to help them revive.
