The world has long recognized that small and medium enterprises (SMEs) play a critical role in economic growth of a nation with major proportion in enterprise population, substantial contribution to employment generation, GDP and exports of a country. Nevertheless, they face many challenges that hinder their growth. Apart from other challenges, the most important challenge that SMEs encounter is the poor production level at a high level of labour cost. With Sri Lanka making the transition to the “middle income” category, the added threat of the “middle-income trap” comes into the above equation. The best possible way out of this trap is to turn to Technology and Innovation as alternatives to boost productivity whilst keeping cost of labour at a minimum.
Technological Needs of Sri Lankan SMEs
There are just over 1 million business establishments in Sri Lanka, according to the Department of Census and Statistics (July, 2015). Of these, 935,736 are micro, 71,126 are small, 10,405 are medium, and just 2414 are large establishments. There are approximately 6,000 SMEs from all districts around the country registered with the Ministry of Industries and Commerce in Sri Lanka. It is believed that roughly 30% out of these are ‘sick industries’ with outdated technology and low productivity. As a result they are not very competitive in the open market where innovation and value addition are the rules of survival.
Being competitive is the rule of the game for the SMEs to survive amidst fierce competition. Technology and innovation are key to enhancing competitiveness of SMEs to cope up with the changing market trends. To be competitive, accrue more profits from products, increase production to cater to the growing population here and in the region, technologically advanced machinery is much needed in Sri Lanka. Technology and innovation at an affordable price is desired to infuse the required competitiveness to Sri Lankan SME industries.
Existing technologies in Sri Lankan industries are insufficient to produce value-added products with competitive price and to be internally productive. Although innovation is a focus area in the country, the practical climate for innovation is not ideal as funding sources are risk averse. Although situation must change, it will require a paradigm shift within the industry. Meanwhile, to remain competitive, the most effective way to bridge the technology gap of SMEs is to adapt the latest available technology from foreign technology providers through technology and knowledge transfer.
Rehabilitation of industries and furthering manufacturing competitiveness has long been identified as a prime concern in Sri Lanka. The focus is more towards augmenting SMEs than reviving sick large industries which is quite impossible. It is in this context, it is immensely important to technologically restructure, rehabilitate and upgrade SME industries in Sri Lanka.
Against this backdrop, International Society for Small and Medium Enterprises (ISSME), in association with National Chambers of Commerce & Industry, Sri Lanka, is going to organize the “Indian Machinery and Technology Exhibition – IMTEX 2017” at BMICH, Colombo, Sri Lanka during January 27-29, 2017 with the theme “Adopting new and innovative technologies for regional industrial growth”.
The main objective of the event is to technologically restructure, rehabilitate and upgrade SME industries on Sri Lanka with the help of state-of-the-art Indian technologies. The exhibition aims at improving the capabilities and competitiveness of Sri Lankan SMEs, particularly in industrial sector, in both domestic and international markets. In pursuit of the above objective, the IMTEX 2017 will introduce latest advanced technology and innovative industrial machinery; upgrade knowledge of Industrial professionals and create awareness of latest technologies among the industry; encourage mutually beneficial bilateral partnerships, joint-ventures and collaborations; and identify new product concepts and market opportunities.
Conference (Parallel) Sessions
A one-day conference session will be held for MSMEs, Entrepreneurs, Exhibitors and stakeholders. The concurrent conference will be held on 28th January 2017 (2nd Day of IMTEX 2017).
Technology transfer should be coupled with knowledge transfer to properly benefit the Industries. India can play an important role in training and developing industrial professionals in Sri Lanka. Entrepreneurs and industrialists could obtain technological knowhow and the latest techniques of the trade from Indian experts at an affordable investment.
This exhibition will showcase India’s new technology on advanced machinery to increase productivity to be competitive in the local market and to explore possibilities of export. Further, this exhibition will also benefit the micro, small and medium sectors to improve their product range and to be competitive among the international product pool.
Industries that have withered down due to drawbacks in productivity and competitiveness can be resurrected. What’s more, established and potential entrepreneurs will take part in the exhibition to explore new ideas, which means that even more SMEs could emerge through this endeavor.
IMTEX 2017 will be a great opportunity for the SAARC region to connect with Indian Industrial Machinery manufacturers, while India will have the opportunity to promote products to the SAARC region. The event will be widely promoted within the region with the support of local and regional networks.
IMTEX 2017 will be an excellent platform for introduction of new technology that will go hand in hand with technology and knowledge transfer and this will be an ideal opportunity for Technology Training organisations to take part in developing local industries. Developing industrial sector personnel to manage and maintain new technologies will be seen as favourable by the local business sector as well as creating a positive climate for product demand. Indian Industrial Technology Training Providers including technology institutes and enterprises in the industrial sector can access potential and practicing professionals, as well as students who are seeking a career in the industrial sector.
Click to download IMTEX 2017 brochure (.pdf format)
- Micro, Small and Medium Enterprises from Sri Lanka & other SAARC countries
- Industrial Machinery and Advanced Technology Providers from India
- Indian Technology Training providers
- Indian and local financial institutions with competitive products for SME sector
- Affiliated Government agencies
- Non- profit Organisations that support SMEs
- Industry Associations and Agencies supporting SMEs
- Avail exhibitors’ directory
- Observe the latest innovations & technology trends in Indian Industrial Machinery
- Speak to experts in many areas including manufacturing, packaging, financing and identifying potential markets etc.
- Learn about applicable standards, best practices and benchmarks of the region
- Access to education and training providers
- Take part in parallel sessions
- Hold one to one discussions with potential business partners in the exhibition premises
The IMTEX 2017 organising committee has worked extensively to try and come up with a perfect mix, from finalising the programme and structure to selecting the venue for the exhibition and the conference. The committee is sure that all the delegates, exhibitors, supporters and sponsors will benefit from the event.
We hope to see you at the IMTEX 2017
Host Country Office: SRI LANKA
110 A, Edirisinghe Road, Mirihana,
Nugegoda 10250, Sri Lanka
Tel./Fax: +94 11 2821 486
Ms. Indika Sillehawa
Chairperson – Organising Committee IMTEX
Mobile: +94 77 3088 480
Ms. Nilu Rajapakse
Management and IT Consultant – IMTEX
Mobile: +94 777 706056
Organisers Office: INDIA
PO Box 4354, Kalkaji HPO,
New Delhi 110019, India
Tel: +91 11 29993844
Fax: +91 11 29993845
Registrations & Bookings: +91 8587000189