ISF & IFCOMA Jointly Organized Buyers Sellers Meet cum Exhibition on 14th & 15th July, 2007

The 2nd eventorganized jointly by IFOCOMA & ISF had 138 stallsrepresenting 114 Companies and for showcased diversified products from the Footwear Component Industry. Accessories and Tanneries. Mr. Mukhtarul Amin, Chairman CLE was the Chief Guest along with Mr. T. Rafeeque Ahmed, Chairman, CLE (South), Dr. K. Elangovan, ED, CLE as the Guest of Honour. Welcoming the guests, Mr. Aqeel Ahmed, President, ISF, gave special thanks to IFCOMA President, Mr. B. D. Bhaiya for the suggestive idea on this joint effort and in its 2nd edition, it has received more than 35% growth. He stated that the timing was right for the occasion as it is immediately after Garda and before IILF, citing the importance of Footwear Industry he said that in Japan, the producer is GOD, while in USA he is a king, but in India the customer is the ultimate. Dr. Elangovan stated that in order to reach export target of 1.2 billion by 2010it is identified that to match the growth, Footwear Component Industry has to come forward and get developed. He stated that tax exemptions and lowering of Excise duties have been welcomed, however the only way to control the cost is by increasing the production for which IDLS is available. He also appreciated the efforts of ISF in bringing IFCOMA for close interaction with the Footwear Manufacturers industry in South. While delivering his key note address, the Chief Guest, Mr. Mukhtarul Amin, Chairman,CLE stressed that Footwear Component Industry is the most important aspect identified in projecting the growth of 7 billion $ exports by 2010, where the Component's share was 4.5 billion $. The Indian Component Industry is not at top of component exposure and has also utilized minimum of IDLS funds

In his closing address, Mr. B. D. Bhaiya, President, IFCOMAtouched upon the impending gap between the Footwear Manufacturers and the Component Industry. He compared the Auto Component Sector with the Footwear Component sector emphasizing that while the latter affected the mobility of the automobiles, the Component Industry affected every human being in his mobility. During the inauguration, IFCOMA felicitated Mr. M. M. Hashim Ex-Chairman of Council of Leather Exports and also the Chairman of KH Group for his long lasting contribution to the Industry. After lighting the lamp ceremony, the 7th edition of IFCOMA News Letter was also unveiled by the Chief Guest and copies were distributed amongst the gathering. The 300 strong gathering witnessed the function along with 30 media persons. After the inaugaration, the guests and invited visitors moved along both halls to witness the product displays. Amongst them, a five member jury from ISF Footwear manufacturers, also moved along with the crowd to select innovative samples for the Components' Award Ceremony later in the evening. The samples submitted by the participants were sent to the jury who took the decision on the coveted awards category wise. The two day BSM attracted over 800 visitors.Key decision makers of almost all Footwear Manufacturing industry around Chennai did visit the BSM and many entrepreneurs bagged large orders.

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