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The Confederation of Indian Industry (CII) organised 3rd edition of Surface & Coating Expo 2018 in Chennai recently. The exhibition and conference focused on the latest trends, innovations, R&D, equipments and technologies. The event provided a platform for various stakeholders to learn the best practices and deliberate on the opportunities to build a strong growth trajectory for the sector. Surface preparation, coating and finishing is an important component of any manufacturing process for improving the durability, reliability and performance of various components.
Speaking at the inauguration of the event, M C Sampath, Minister for Industries, Steel Control and Special initiatives, Government of Tamil Nadu, said, “Tamil Nadu is one of the top 3 industrialised States in India with a gross state domestic product (GSDP) of 7.94% in 2016-17 and 8.03% in 2017-18 which is higher than the national average. The State has emerged as the largest hub for the production of automobiles and auto components, electronic hardware, engineering, textiles, leather, etc and has taken steps to attract Rs 45,000 -crore worth of investments in various sectors.”
“As part of the government’s efforts to improve on ‘Ease of Doing Business’, we have so far implemented 357 reforms out of 372 suggested by Government of India and this implementation rate works out to 95.97%,” he added.
U Kamachi Mudali, Chairman, Surface and Coating Expo 2018, and Chairman and Chief Executive, Heavy Water Board (HWB), Department of Atomic Energy, Government of India said, “Surface treatment and coating play a major role in protecting, functioning and efficiency of the components. When this is done the life of the components is also enhanced. The paints and coating industry alone have a business of USD 152 billion in the global market and is expected to grow up to USD 175 billion by 2022. Out of this USD 152 billion, electroplating industry alone generates a business worth of USD 65 billion. Out of the USD 152 billion, 40% of the business is in Asia Pacific with China and India being the major contributors in electronic and automobile sectors, respectively. Chennai contributes a lot to the Surface treatment and coating,” he said.
M Ponnuswami, Chairman, CII Tamil Nadu State Council, in his address spoke about the various policy measures taken by the government to attract investments into the State. He also highlighted the initiatives taken by the State Government for ease of doing business to make Tamil Nadu a leading destination for global investments.