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India gears up to become ‘manufacturing hub’ at Russian industrial trade fair

India gears up to become ‘manufacturing hub’ at Russian industrial trade fair

New Delhi : India projects its plans to seek technology and investment from across the world with a view to develop the country as a global manufacturing hub at the prestigious Russian industrial trade show at Yekaterinburga from July 11 to 14.

Engineering Exports Promotion Council (EEPC) India, the apex organisation of the country’s engineering exporting companies, has been mandated to ensure success of the Indian participation at the well-known ‘Innoprom Show’ under the aegis of the Commerce and Industry Ministry.

EEPC is sponsored by the Ministry of Commerce and Industry and caters to the Indian engineering sector. As an advisory body, it actively contributes to the policies of Government of India and acts as an interface between the engineering industry and the ruling dispensation.

The Russian organisers said that India, having a great economic power with its over 1.2 billion population, will be put in the spotlight at the leading industrial trade fair.

“Facing global headwinds, India is looking to diversify its trade and industry collaborations and Russia fits in very well in our game plan. Some of the blue-chip public sector companies including NTPC, BHEL and NHPC have responded well to be part of the prestigious show in Russia,” said EEPC India chairman T.S. Bhasin in a statement.

There will be a high-level participation from the Power Ministry and Departments of Heavy Industry and Electronics.

In addition, the private sector firms such as Reliance Industries and L&T have shown interest in using the ‘Innoprom’ platform for advancing business ties with their Russian partners.

India has been named as the partner country at the show where initiatives such as ‘Make in India’ programme will be highlighted.

“With a view to showcasing our strength in advance engineering skills and technology, the Indian participation will be quite overwhelming with 4,000 sq metres in the main hall of the trade show,” Bhasin said.

The main goal of the two countries cooperating at the industrial platform will be to strengthen the status of mutual partnership in trade and economic relations and expand opportunities of national industrial sectors across the spectrum. (ANI)