KOCHI: Business orders worth Rs.23 crore were received at the three-day Trade Technology Business Show 2007 which concluded here on Saturday. Deals worth Rs.41 crore had been initiated at the meet, said Industries Minister Elamaram Karim.
The meet was a success, the Minister told reporters at the concluding session. The meet would be conducted every two years and the next one would be held in August-September 2009, he said.
The meet helped the government to identify the strengths and weaknesses of the small and medium enterprises (SME) sector. It has also assisted the entrepreneurs in confidence building.
Talks on technology transfer in some areas have been initiated. Several foreign companies have placed big orders. Coir pith in large quantities has been sought by a Dubai-based company. The order for it is worth Rs.50 crore and the company has offered to set up coir pith procurement centres in Kerala.
The Minister said 212 buyers from various parts of India and 72 from foreign countries participated in the fair. International buyers included those from the U.K., the UAE, Thailand, Oman, Poland, The Netherlands, the U.S., Sri Lanka and Belgium. There were 22 exhibitors from foreign countries and 53 from within the country. More than 100 sellers were from Kerala. As many as 492 enquiries were received at the fair.
Major enquiries were received for food and spices, handlooms and textiles, handicrafts, bamboo based products and Ayurvedic products. The Sri Lankan Industrial Development Board, which participated with a delegation of eight members, was interested in organic cashew, spices. They were also keen on joint ventures for exports.
The participants of a university from Thailand offered business incubation service for SME units and technology transfer for handicrafts and virgin coconut oil at the trade fair.
The Minister said a permanent venue for industrial exhibitions would come up at Kalamasserry. Senior officials such as Principal Secretary T. Balakrishnan, Industries Secretary P.H. Kurian and T.O. Sooraj, Director, Industries and Commerce, were among the officials present.