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Business Economy

Sitharaman to lead Indian companies delegations for INNOPROM, 2016

New Delhi, Jul 8 (UNI) In line with Prime Minister Narendra Modi’s vision to make India a global destination for high-end engineering and quality products, Commerce and Industry Minister Nirmala Sitharaman will lead a delegation of over 100 Indian companies that will showcase India’s engineering prowess at the Russian engineering and technology event at INNOPROM, the largest annual international industrial trade fair of Russia.

Nirmala Sitharaman, Minister of State for Commerce and Industry said, “Historically, Russia and India have enjoyed long-standing cultural and strategic ties. India’s partnership at INNOPROM provides a significant opportunity to sustain, expand and further develop the privileged strategic partnership between the two countries.”

Besides, the collaboration is in line with Prime Minister’s vision of making India a global destination for high-end engineering and reliable & quality products. INNOPROM‘16 will also offer India a platform to showcase “Brand India Engineering” and “Make in India”, she added.

The event INNOPROM will kick-start on July 10, 2016 in Ekaterinburg.

India is the Partner Country for the event. With “Industrial Net” being the lead theme for the exhibition, the 4-day event aims to bring together all important components to improve efficacy under one roof, the Commerce Ministry said in a statement.

The India participation is being organised by Engineering Export Promotion Council(EEPC) India with branding support from the India Brand Equity Foundation (IBEF), it added.

T S Bhasin, Chairman, EEPC India said, “During INNOPROM 2016, Indian manufacturers and exporters of engineering products will exploit all possibilities to show the recent development in Indian engineering that could attract leading buyers from across the globe. Russia has now become the first country to have agreed to invest under the ‘Make in India’ umbrella in two key strategic sectors-nuclear and defence.”

India and Russia have set the goal of boosting bilateral trade to 30 billion dollars and mutual investment to 15 billion dollars by 2025.

Maharashtra Chief Minister Devendra Fadnavis, Chief Minister of Andhra Pradesh N Chandrababu Naidu and Chief Minister of Rajasthan Vasundhara Raje will lead the respective state delegations.

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