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Home arrow News arrow Exhibitions arrow First IETF in Bangalore Opens With Increased Participation
First IETF in Bangalore Opens With Increased Participation Print E-mail
Written by Arjun   
Tuesday, 24 February 2009
More companies from Japan, SA showcase technologies

Bangalore : The 18th International Engineering & Technology Fair (IETF 2009) organized by Confederation of Indian Industry (CII) started on optimistic note despite the Global Economic meltdown. This is evident from the increased number of participants, who showcased their technologies and products. Organised for the first time outside Delhi, the event attracted more number of participant countries, companies and delegates compared to previous events.

Representing the partner country of the event Ms. Elizabeth Thabethe, Deputy Minister for Trade & Industry, South Africa, said, “ We are partner country for the show for second time and this explains our renewed interest in boosting bilateral trade and business with India.  South Africa is looking forward to value added products and more JVs in the immediate future. As of now South African exports to India mostly consist of minerals and ores.”

“South Africa has benefited from the liberalized and opened up Indian economy and there is a greater scope for Indian auto companies to start manufacturing in our country. Similarly South African Wine producers are keen to grab a pie of Indian Market,”  Elizabeth said.

South Africa has put up an impressive International Pavilion with 70 South African exporters and technology of world class standards including Aerospace, Marine, Defense, Steel, Electro technical and Manufacturing Technologies.

In his special address,  Mr Akira Ishihara, Managing Director, The Energy Conservation Centre, Japan, said, “ Japan is participating in the event as guest country with showcased area of 1200 square meters, 74 exhibitor stalls and 20 companies. With the major thrust on energy, automobile, industrial machinery and environmental technologies, Japanese contingent is showcasing 162 products and technologies.”

Mr Francis Moloi, South African High Commissioner in India said, “ The bilateral trade between India and South Africa is currently $ 6.2 billion and expecting it to be at $ 12 billion by 2010.“

Compared to previous participation level of 45 companies, this time 75 South African companies are showcasing their technologies and products.

Dr Rajkumar Khatri, Industries Commissioner, Government Karnataka said “Karnataka” joins as the “Partner State”, showcasing Industrial strengths across varied sectors and  featuring potential investment opportunities.

In his opening remarks, Mr Rajive Kaul, Past President, CII, and Chairman, CII Apex Council for Trade Fairs, explained the reasons to make Bangalore venue this time. He said, “ Many of the Fortune 500 companies have their research centers outside their country in Bangalore. We thought this premium manufacturing and technology event to be near to them.”

“ India is among the very few countries that with stood global melt down and its ill effects though some sectors have witnessed slow down. Foe the year ending March 31, 2009, we are going to achieve a growth rate of over 7 %, which would be second highest in the world after China, “ Mr Rajiv Kaul added.

Mr Chandrajit Banerjee, Director General, CII, said, “ Though CII has been conducting trade fair from 1975, this year’s event is significant in many ways. This is the first time the venue is moved out of Delhi, in a view to be near to the industries in the Western and Southern parts of the country. Participation from 25 countries including China, France, UK, UAE and Latin American countries shows the increased interest of the companies world over in India”.

 
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