CII – TVS Mobility Center of Excellence on Employment and Livelihood will partner with Coimbatore District Small Industries Association (CODISSIA) to help MSMEs in the mobility sector with skill development, training etc., R. Dinesh, TVS Supply Executive Chairman of Chain Solutions and Director at Key Mobility Solutions.

Inaugurating the five-day international industrial fair “Intec 2024” held at CODISSIA Trade Fair Complex on Thursday, Mr. Dinesh said that the Center of Excellence seeks to create a common platform for knowledge, training, funding, and reskilling. Is. All stakeholders in the mobility space. He said that the inputs of organizations like CODISSIA are important for the Centre.

Micro, Small and Medium Enterprises (MSMEs) provide 11 crore jobs in the country. Even a 1% increase in micro-enterprises, which constitute more than 98% of MSMEs, will lead to a tremendous growth in the economy and create more jobs.

Currently, major companies are trying to consolidate their market share. Adopting technology has become inevitable, and businesses need to document sustainability initiatives. These are three major challenges that can turn into opportunities for MSMEs.

He said that even large companies are struggling to compete with MSMEs in cost and small units have low-cost technology solutions that are effective.

Large companies must take responsibility and work with MSMEs, their suppliers, and enable them to transition to technology and sustainability initiatives. He said they could also consider getting government funds to help their suppliers and vendors.

Confederation of Indian Industry, Southern Region Chairperson R Nandhini said that CII has launched Mission 100 where it is helping 100 MSMEs in southern states with finance, technology etc. CII Marketplace Portal provides a platform for this. Member companies to showcase their products.

Around 500 companies have set up stalls at the Intec fair, including several multinational companies that have showcased their products through their channel partners in India, said event chairman R Ramachandran.

Lakshmi Machine Works (LMW) Machine Tool Division has displayed its latest horizontal machining center, vertical turning center, horizontal turning center, and compact vertical machining center. These are versatile and suitable for emerging sectors, said a company spokesperson. LMW has 55 models and about 88 different types of CNC machines that cater to different segments. Elgi Equipments, a leading air compressor manufacturer, showcased its latest, energy efficient compressed air solutions.

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