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Jul 13, 2009

Saxony to strengthen ties with Coimbatore


The Saxony Economic Development Corporation of Germany is looking at furthering business ties between Coimbatore and Saxony.Project Co-ordinator of Strategic Alliance Mechanical Engineering, Saxony, Frank Treppe and N. Venugopal, representative of the Federal State of Saxony here, told on Sunday that business cooperation between Coimbatore and Saxony started off in 2005 and now there were several partnerships.

“A dozen partnership projects are already on and we have completed four of them,” Mr. Venugopal said.These were related to mainly machine tools and renewable energy. “The partnerships started with business-to-business and now we are heading to technology,” Mr. Treppe added.

Saxony was known for its strengths and innovations in mechanical engineering.It had over 1,000 small and medium enterprises, universities of applied sciences and machine tool, printing, textile and special machinery manufacturing units.Nearly 42 per cent of machine tool production of Saxony was exported.

Mr. Treppe had visited the major manufacturing hubs in India, including Hyderabad, Chennai, Pune and Bangalore.He said: “Coimbatore is a perfect match for partnership.”Saxony was looking at more projects, partnerships, investments, buy-backs, technology and know-how transfers, apart from business growth between the two regions.Technology partnerships should be for research projects that would benefit the industries. “Saxony will be a gateway to East German States. There are several opportunities for the two regions to jointly develop new markets,” he said.

“We need to know each other and work together. We need partnerships between companies, especially the medium size units, and technology providers,” Mr. Treppe said.Saxony also had biannual industrial exhibitions, similar to the International Industrial Fair organised by the Coimbatore District Small Industries’ Association here.

The Corporation was participating at the fair here and Coimbatore industries were likely to participate at the industrial fair to be held in Saxony next year.

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