COIMBATORE: Price and availability of raw materials, the most important entity in industry, have always been volatile, say industrialists from the city. To bring in more sources of raw materials and to make it available at competitive prices, the
Coimbatore District Small Industries Association
(Codissia) would conduct ‘
Raw Mat India 2019
’, a national raw material expo, at Codissia Trade Fair Complex in the city from September 18 to 20.
Briefing about the expo, which is being held for the first time, Codissia representatives said this would be one of the first trade fairs in the country to focus exclusively on raw materials. Usually MSMEs could not offer products for competitive prices as they could not source raw materials for competitive prices, said R Ramamurthy, president of Codissia. “This expo would bring in more options to buy raw materials from. MSMEs could choose the best quality they need and for competitive prices,” he said.
Chairman of the expo C B Senthil Kumar said 86 companies have signed to exhibit their wares at the expo and it comprises companies from across the country and one South Korean company. “The expo would have raw materials, input materials and consumables. There are materials which have a daily usage in industry. The availability of such materials should be increased. Proper grades should be available. Now industries get nearby grades and convert it to their required grades,” he said.
Representatives said the expo would showcase non-ferrous raw materials such as copper, brass and bronze, which are not easily available to MSMEs now. It would also showcase materials such as monel and Inconel used in defence manufacturing.
Speaking of the raw material situation now, Ramamurthy said the price went up 20%-25% post GST and after April it came down because of lesser demand due to the slowdown. He said they have been seeking a benchmark price for raw materials with a variation margin of 5%-10% to check artificial price hike.
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