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110 Indian firms to attend Russian trade fair

Meghna Chukkath, New Delhi
08/07/2016   0 Comments

A delegation of 110 Indian Companies led by the Minister of State (Independent Charge) for Commerce & Industry, Nirmala Sitharaman will make headway to Ekaterinburg to attend an annual international industrial trade fair in Russia on July 10, Bureaucracy Today has learnt. 
 
INNOPROM is Russia’s largest annual international industrial trade fair which is  organised to showcase engineering innovations from across the world. And India being the Partner Country for INNOPROM 2016 will showcase India’s engineering prowess at the Russian engineering and technology event under the Brand India Engineering campaign. 
 
On the occasion, Nirmala Sitharaman 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.” 
 
The India participation is being organised by EEPC India with branding support from the India Brand Equity Foundation (IBEF). India and Russia have set the goal of boosting bilateral trade to US$ 30 billion and mutual investment to US$ 15 billion by 2025. TS Bhasin, Chairman, EEPC India stated, “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. INNOPROM is expected to add further significant value to the ‘Make in India’ campaign.” 
 
Apart from large, medium and small Indian companies participating in the event, States like Maharashtra, Gujarat, Jharkhand, Rajasthan, Himachal Pradesh and Andhra Pradesh are also showcasing their strengths with Devendra Fadnavis, Chief Minister of Maharashtra, N Chandrababu Naidu, Chief Minister of Andhra Pradesh, Vasundhara Raje, Chief Minister of Rajasthan leading the respective state delegations. 
 
Besides, several Central Government departments will also be participating in 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. 
 

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