Expo on Chinese machinery

With the main aim to secure a foothold in India's engineering sector, China National Machinery & Equipment Import & Export Corporation (CMEC), in association with India's Worldex GEC, is organising an engineering exposition exclusively for Chinese producers and technocrats, the first of its kind in South Asia, in Mumbai between May 17-19.

Titled as 'International Machinery & Equipment Exhibition', the exposition is restricted to Chinese engineering giants, only who possess the capability to supply hi-tech machinery and equipment in case orders are floated by Indian businessmen.

About 200 technology leaders from China are expected to exhibit their innovative products to apprise Indian counterparts with possible engineering products and technology exports in all possible fields including mechanical, electrical and electronics in addition to technical co-operation.

China is better known as the producer of cheaper product in every walk of life which is not just possible without cheaper technology. Hence, Indian heavy and light engineering companies' dream to see cheaper technology would be fulfilled with such exposition which they have been advocating since long.

Supported by the All India Association of Industries (AIAI) and the Trade Development bureau (TDB), Ministry of Commerce, P T China, the exhibition will showcase the latest machinery and equipment from China's leading manufacturers and suppliers that demonstrate highly-innovative technologies for today's ever-changing industry. New business models depicting future developments in the industries will also be presented to allow visitors and exhibitors a crystal ball view on the future of global industry.

The Indian economy too has opened up a plethora of opportunities for various manufacturers and traders from India and across the globe. The industrial cross section to which the Indian markets caters to, has widened and India is looked upon as the most secure business destination in the world.

The Ministry of Finance estimated a 9.4 per cent growth in manufacturing sector in 2006-07. By 2015, moreover, a report from New York-based McKinsey Global Institute and the Confederation of Indian Industry projects, 30 million new manufacturing jobs in India and $300 billion in exports.

"While most companies still look to India for IT and R&D skills, we are seeing an increased trend toward manufacturing, especially where highly-skilled workforce are required," says Jane Barrett, Director with Boston-based AMIR Research.

"Indian manufacturing sector would get a boost by such exhibitions as they would showcase the latest technology from the most competitive manufacturing countries of the world. The manufacturing sector in India would also become more competitive by getting latest technology from cost-effective countries like China, Korea and other Asian countries," according to Rajesh Bhagat, Managing Director, Worldex India.