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India to be partner country at Innoprom 2016 in Russia
New Delhi, July 8, 2016
India will be the partner country at Innoprom, Russia's largest annual international industrial trade fair that will be held at Ekaterinburg for four days from July 10.
The event showcases engineering innovations from across the world with "Industrial Net" as the lead theme for this year.
Minister of State for Commerce and Industry Nirmala Sitharaman will lead a delegation of over 110 Indian companies which will showcase the country's engineering prowess under the Brand India Engineering campaign.
The Indian participation has been organized 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 $ 30 billion and mutual investment to $ 15 billion by 2025.
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.
Chief Ministers Devendra Fadnavis of Maharashtra, N. Chandrababu Naidu of Andhra Pradesh and Vasundhara Raje of Rajasthan will lead the respective state delegations to the event.
In addition, Department of Heavy Industries, Department of Electronics and Information Technology, Ministry of Power, Ministry of Tourism, Ministry of New and Renewable Energy, National Institute of Design and Bureau of Indian Standards will also form part of the official delegation.
“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," Ms. Sitharaman said.
Mr. T. S. Bhasin, Chairman, EEPC India stated, “During Innoprom 2016, Indian manufacturers and exporters of engineering products will exploit all possibilities to show recent developments 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."