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India to be partner country in Hannover Messe Fair
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SME Times News Bureau | 18 Sep, 2014
India has conveyed its consent to be the 'partner country' at the
Hannover Messe Fair in Germany to be held April 12-17 next year, an
official statement said here Wednesday.
"By accepting the
invitation of German Chancellor Angela Merkel for India to be the
partner country at Hannover Messe 2015, the government has sent strong
signals to the industry about strengthening global trade and inviting
investment into India. Prime Minister Narendra Modi is expected to be
present at the world renowned engineering and technology fair beginning
April 12," the statement said.
India had been the partner country
at the Hannover Messe in 2006. The Hannover Fair attracts nearly two
lakh global leaders in business, technology, industrial scientists and
policy makers.
The Department of Commerce has mandated the
Engineering Export Promotion Council India as the lead agency supported
by India Brand Equity Foundation (IBEF) along with the Confederation of
Indian Industry (CII) as the other agencies for the Indian participation
in the fair.
About 300 Indian companies including public sector
giants would be participating in the six-day fair, seeking technology
collaborations, business tie-ups and showcasing India’s capabilities in
global trade.
The government is seeing the participation in the
fair as an opportunity to increase its global presence in commodities
and services, apart from utilizing the event for attracting investments
into India as part of the ‘Make in India’ campaign of the prime
minister.
The Department of Commerce is in the process of getting
in touch with all key departments in the central government as also
leaders of Indian business establishments, seeking their participation
and co-operation in making the event a grand success.
With $21
billion bilateral trade, Germany is India's sixth largest trading
partner with engagement in the areas of mechanical engineering,
automobiles, chemicals, services, nuclear reactors and construction.
Garments
and textile products, chemical products, leather and leather goods,
iron, steel and metal goods, electronic components, electrical
components, pharmaceutical products, and auto components are major items
of exports from India to Germany.
The key German exports to
India include electrical generation equipment, auto equipment, complete
fabrication plants, bearings, gear equipment, measurement and control
equipment, primary chemical products, synthetic material, machine tools,
aircrafts and iron and steel sheets.
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