My dear Mr.Ilango,   founder   President  Mr.Jagadhesan, Past  Presidents    of  CODISSIA  and COINTEC,  Newly elected Members of  Executive Committee  and  Office bearers of CODISSIA and governing  council  members of COINTEC, Presidents and Office bearers of Sister Associations,  Our  Auditor  Mr.Murali  Mohan,  Internal  Auditor  Mr.Palaniappan,  Special Invitees and Fellow  CODISSIANS.  Good evening to all of you. 

               I Thank all the members of CODISSIA for electing me as the 22nd  Presidentof this World famous, Prestigious organization CODISSIA.    Yes, indeed after classical Tamil meet the name of our Association has gone to  world level. This is an organization which has shown this world WHAT TEAM WORK CAN ACHIEVE.

                   THE TRUE EFFORTS AND  DEDICATED HARD WORK  of Past  Presidents  and  Senior Members of  our Association has brought CODISSIA   to this level.

                Our  Senior  members   were  visionaries,   If  not for their  sightedness, we Will not be sitting here to day in this   famous   complex.      The people worked for the betterment of CODISSIA and intern the birth  and growth of COINTEC complex,  should travel with us. We need their guidance   and further contribution to keep the rhythm in pace.                

          To day, we see the world is changing so fast. We have to set new goals and new  frontiers   not only in CODISSIA  but also in our professional life. Globalisation  has changed  things which we took it for granted. By all indications Micro,Small and Medium scale units have fared better than large  Industries after globalisation. Natural assumption being that small units would be the first to be hit by the  Economic crisis. However, it is remarkable that net  bank credit to  MSME’s    showed a sharp increase  in2009-10.  It rose from Rs.44000 crores in 2008-09 to Rs.1,13,000  crores in 2009- 10.   This is RBI  Report.

                Now, we have to learn to live with the steep increase in price of Rawmaterials,  fuel  and Electricity,  shortage of power and shortage of  workforce. We   cannot do anything on  Raw Materials, Fuel and Electricity. But we can  correct the shortage of  work force.  This was already discussed in our E.C.Meeting held on May 2010.  Government of India through Ministry of  Labour and Employment, National skill development mission to set up  ITI’s and  skill  development centres in Public Private  Partnership mode. On this line we are going to bring some initiatives in coming days.

       We also have to  learn to manage the new taxes  like Service tax, Excise duty GST,  VAT, etc. Many laws have changed  with respect to Industry. But what  we need to know is that, it is the same for everybody and we have to be  better than others to survive and  grow. I assure you  that CODISSIA will  continue to play the role for the development and growth of industries in this region.

              This new team of  Office  bearers  will  assist you in whatever you  need.  I request each and every one of you to visit CODISSIA regularly and    Whenever you are having  problems  please bring it to our  knowledge, we will take it to the concerned  Govt. Department and try to solve it.

           We are going to form some committees for the development of our member industries.  I request the members to involve in these committees  and contribute to the betterment of  CODISSIA. Regularly we will conduct Seminars and interaction meetings with Govt. Officials. We request the members to take active part and get benefited.

          I Congratulate  Mr.Ilango my President who has completed his tenure successfully and done a tremendous work for the past two years to take CODISSIA to a Greater   height. As a token of appreciation, I request all the members to give a standing ovation.

               Dear Members, I also understand that I carry the burden of expectations of each and every one of you,which I hope to do the best of my ability with your fullest support and help of God. Having the team of CODISSIA is sitting  with me  as a young  group,  with a combination of hard work and dedication, my task should not be very difficult.

Kandhaswami.M

President, 

CODISSIA