TAMIL NADU

Industrial digest

Inauguration

The Coimbatore Industrial Infrastructure Association has commissioned sand-based rapid prototyping machines here on recently.

Wholetime director of Lakshmi Machine Works Sanjay Jayavardhanavelu launched the machine. The machine is imported from Germany and is a double laser sintering system using direct cast method.

Camp

The Coimbatore District Small Industries Association and National Small Industries Corporation conducted a Government Purchase registration camp on January 24 at the CODISSIA Trade Fair Complex. According to a release, the objective of such a camp was to enlist small-scale units as competent to undertake supply to Government Departments.Tender sets were issued free of cost to those who have registered.

IBM new venture

IBM has announced new IBM DB2 client agreements in India. According to a release, since its global launch last year, it has been a preferred platform for SAP implementations in the mid-market.

Launch

Fidelity International’s Indian Asset Management Company has launched Fidelity Wealth Builder Fund. This is an open-ended fund offering asset allocation options with three plans. The fund manager will use a two-tier investment approach – asset allocation and fund selection. This is a zero entry load fund with free switching between plans. The fund will be open till February 5. It will be open for ongoing purchases and redemptions from March 2.

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