EEPC signs MoU with German body to promote SMEs

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SME Times News Bureau | 15 Apr, 2015
The Engineering Export Promotion Council of India (EEPC India), the lead agency for India's participation as a Partner Country in the prestigious Hannover Fair, has signed an MoU with the German Association for Small and Medium-sized Businesses (BVMW) to promote joint business opportunities in the two countries with particular emphasis on the SME sector.

The key MoU was signed after Prime Minister Narendra Modi inaugurated the India Pavillion at the Hannover Messe on April 13.

Around 350 Indian firms are participating in the fair, showcasing India's prowess in high technology areas. Besides, the new flagship initiative Make in India of the government is being disseminated and promoted at Hannover fair, which is visited by business and technology leaders from all over the world.

As per the agreement, EEPC India, the country's apex organization for the engineering sector, and BVMW will exchange information on economic and commercial matters - trade,investment and technology transfer opportunities as well as trends.

The two organizations will provide and facilitate assistance to visiting delegations to promote their business missions.

In order to substantiate and add value to the B2B portal launched by EEPC India, BVMW will put in best possible efforts to fix meetings for the Indian companies with German counterparts.