New Delhi: Leading trade fair organiser Deutsche Messe AG has joined hands with engineering exporters' body EEPC India to organise the largest engineering sourcing show of the country - India Engineering and Sourcing Show (IESS) - proposed to be held in Mumbai later this year.
To formalise the cooperation, EEPC India signed an agreement with Hannover Milano Fairs India Pvt. Ltd. (HMFI), the Indian subsidiary of Deutsche Messe AG, Germany.
"With this agreement, we will be roping in the vast experience and technical knowhow of HMFI in the organizing the Industrial Supply segment of IESS 2014," EEPC India Chairman Anupam Shah said.
"The cooperation will explore new business opportunities for Indian manufacturing sector from international buyer delegations visiting the show. HMFI will bring more than 120 international technology manufacturers to participate at the show," Vice President of Deutsche Messe AG Wolfgang Pech said.
The partnership is set to generate business worth Rs 3,000 crore at the IESS.
Speaking on the occasion, Joint Secretary in the Commerce Ministry Ravi Capoor said: "The government is keen on supporting industry's efforts to reach out to more and more parts of the world and this agreement has come at a right time. IESS will also provide an opportune platform to the Indian MSME sector to reach out to the global buyers".
India's engineering exports account which presently account for 21 per cent of the country's total exports are also likely to get a boost with the pact.