Chennai, March 16 : Unfazed by global headwinds and forces of protectionism in leading economies, India is all set to showcase its technological and engineering prowess to top international firms at the 6th edition of the International Engineering Sourcing Show(IESS) at Chennai, beginning March 16.
The theme of IESS VI is: “Smart Tech for Smart Engineering”. It was inaugurated by NirmalaSitharaman, Minister of Commerce & Industry (I/C), Denis Manturov, a Russian Federation Minister of Trade & Industry, ShriGirish Shankar, Secretary, Department of Heavy Industry,ShriMangat Ram Sharma, Principal Secretary, Government of Tamil Nadu, Shri T S Bhasin, Chairman, Engineering Export Promotion Council(EEPC) India, and other senior officials from the Ministry of Commerce& EEPC India.
Sitharaman and Manturov had a cordial meeting prior to the inauguration where a host of bilateral issues were discussed. They agreed that there is enormous potential to enhance the bilateral trade, and also discussed the early operationalization of International North South Transport Corridor (INSTC) that would cut time and cost of transportation of goods between both countries.
They also talked on other issues such as enhancing trade ties, including proposed FTA between India and EEU, which includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.
According to EEPC India, Russia coming forward as the Partner Country in this event is a testimony to the stature achieved by IESS. India has a long standing partnership with Russia in engineering sector. A large 120 member delegation from Russia is exhibiting their technology and products at the IESS 2017.
As many as 400 top global exhibitors and over 500 foreign delegates are participating in this flagship event.Besides Russia, delegates from USA, UK, Germany, UAE, Brazil, South Africa, Sri Lanka, Nepal, Bangladesh, Vietnam, 9 African countries, and Ukraine andUzbekistan are also visiting IESS.
On this occasion, EEPC India Chairman said that while the engineering exports have started growing again, the growth has come about on a low base. “However, despite concerns of protectionism from the USA, the focus of the Trump Administration on big investment on infrastructure projects would boost the global demand for the engineering products. So, instead of seeing it as a challenge, Indian exporters must look the unfolding scenario as an opportunity in the USA”.
This edition of IESS has exclusive Technology and Innovation Pavilions with representations from BARC, IIT Mumbai, IIT Madras, FCRI (Fluid Control Research Institute), and other institutes.
Apart from Union Ministry of Commerce and Industry, the show is also supported by Union Ministry of Micro Small and Medium Enterprises, Department of Heavy Industry and Department of Scientific and Industrial Research.