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Home arrow Power and Energy arrow IETF 2009: Trade target of US$ 12 billion by 2010 between India and SA
IETF 2009: Trade target of US$ 12 billion by 2010 between India and SA Print E-mail
Written by Anand   
Friday, 20 February 2009
New Delhi : IETF 2009 is a CII flagship international event which is scheduled from 23rd to 26th February 2009 in Bengaluru. An internationally recognized exposition IETF 2009 will showcase seasoned group of exhibitors displaying interplay of concept, complexity, and scale.

Speaking at a press conference organised by the Confederation of Indian Industry (CII) to announce the 18th edition of IETF 2009, H.E. Mr. Sehloho Francis Moloi, South African High Commissioner stated, 'South Africa's partnership during IETF 2009 is aimed towards achieving bilateral trade target of US$ 12 billion by 2010 from the current US$ 6.2 billion trade.'

South Africa will be partnering IETF for the second time with the objective to showcase South Africa's entrepreneurial & technical expertise; promote trade & industrial cooperation and develop strategic partnership.

During the upcoming International Engineering & Technology Fair (IETF) 2009, South African company 'Sasol' will be showcasing technology to convert coal into gas and liquid forms. This technology can be harnessed to meet India's energy requirement, said H.E. Mr. Sehloho Francis Moloi, South African High Commissioner.

South Africa will be showcasing an impressive International Pavilion with 74 exporters across sectors including Aerospace, Marine, Defense, Steel, Electro technical, Manufacturing Technologies. Some of the participating companies are Rand Merchant Bank, Ibibo, CypheRix, Bateman Engineering, Howard Manufacturing, South Africa Airways and South Africa Tourism amongst others. A Conference on Investment Opportunities in South Africa is also scheduled. Other than trade aspects it will focus on Arts & Crafts, Food & Beverages.

Japan as the guest country is making its participation for the third time, with prime focus on New and Non - Renewable sources of energy. The existing synergies between the two economies will showcase technological cooperation once again on this platform. State of Karnataka is the partnering state for IETF 2009. The State will display its industrial strengths across varied sectors and potential investment opportunities. The exclusive environment that has bred Karnataka's Technological expertise will be put under the spotlight in the Karnataka Pavilion at the IETF. 

Mr. Jardine Omar, Counsellor, South Africa High Commission, said, South Africa pavilion is spread on 4000 sqm area. The participants from South Africa will showcase technology, engineering, manufacturing, collection of unique art and craft. During IETF 2009, South Africa's participation is expected to generate business of over 10 million Rand.

In his welcome remarks, Mr. Gurpal Singh, Deputy Director General, CII, said, 'IETF was started in 1975 as a platform for exploring new avenues of business. IETF 2009 is spread over the area of 25,000 sqm and will be housing around 500 overseas participants from 25 countries. The ratio of domestic and overseas participation is 60:40.' 

Mr. Singh further added, 'IETF 2009 is structured as a comprehensive B2B event, segmented into well-defined technological sections of engineering and manufacturing. The upcoming exposition is strategically planned to stage six concurrent pavilions, namely Robo Expo 2009; Energy & Environment 2009; IETF Global 2009; Manufacturing 2009; Auto Parts Pavilion and Safe 2009. The biennial exhibition this time has special focus on Micro, Small and Medium Enterprises (MSMEs).'

 
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