Pb fastener makers to set up buyer-seller cluster in Gujarat

Punjab based fastener makers will set up a buyer-seller cluster in Gujarat in a bid to tap several sectors like refinery, power and automobile which have a strong base in the western state.
"We will set up a buyer-seller cluster in Gujarat whereby we will be selling fastener items made in Punjab through our representatives to be appointed in that state in order to boost MSME sector here," Fastener Manufacturers Association of India President Narinder Bhamra said today.
Bhamra said Gujarat as the state offers immense potential because of the presence of a host of industries in the field of refinery, power and automobile and fastener products like nuts and bolts could be used in these sectors in a big way.

He said, "we have already shortlisted 15 distributors or representatives in Gujarat who will sell and market products manufactured in Punjab."
A fastener mechanically joins or affixes two or more objects together like nuts, bolts, screws and washers.
Punjab state is one of the biggest producers of fastener products in the country. It has an annual production of about Rs 5,500 crore from over 1,200 units, out of which exports constitute 30 per cent of total size.

Fastener Manufacturers Association of India is also going to hold a convention at Ahmedabad in Gujarat next month in which Punjab based manufacturers will showcase their products.

"This convention will be an ideal platform for Punjab's fastener industry to showcase their products. We are inviting companies from China, Taiwan, USA, Germany and Italy for their participation in this convention which will be held on September 27-28," Bhamra said.
He further said a roadshow has also been organised in Gujarat for the promotion of the event. "We also held meeting with industrialists association based at Surendra Nagar , Vadodra, Rajkot and Ahmedabad Associations for their participation in the event," he said.