IESS 2017 expected to draw enquiries of upto USD 1 bn

A three-day international engineering sourcing show beginning here on March 16 is expected to draw 'enquiries' to the tune of upto USD one billion, the organisers said today.
The sixth edition of International Engineering Sourcing Show (IESS) 2017 would witness the participation of over 400 top global exhibitors, they said.
The show is being organised by Engineering Export Promotion Council (EEPC) India, sponsored by the Ministry of Commerce and Industry.
The event was part of India's efforts to boost its exports of high end technology, EEPC India Chairman Tarvinder Singh Bhasin told reporters here.
The focus sectors of IESS would include automobile and components and industrial supplies among others, he said.

Asked what kind of business was expected to transact, he said it is measured in terms of 'enquiries' as engineering components cannot be off the shelf deliveries.

"We are expecting queries between USD 50 million and USD one bn while there were enquiries for USD 21 mn in the previous edition in Mumbai in 2015," he said.
For the first time, Russia would be the partner country for the event and would be represented by its Commerce Minister Denis Manturov.
About 200 Russian companies will be exhibiting their technology and products, EEPC India said.
Russian Consul General in Chennai Sergey L Kotov said companies from various regions of his country would be coming and they were keen to forge tie-ups in South India.

He also pitched for increase in bilateral trade between the two countries, which was at USD 6.17 bn in 2015-16.
Commerce Minister Nirmala Sitharaman and Manturov are scheduled to inaugurate IESS 2017 at the Chennai Trade Centre, EEPC India said.