EEPC CIS meet nets $3mn order

In line with the government policy of focusing on CIS countries, the Engineering and Export Promotion Council (EEPC) organised Indo-CIS reverse buyer seller meets in the last week of March in New Delhi, Chennai and Mumbai have met with some success.

Rakesh Shah, chairman of EEPC, said the meet had generated enquiries worth $ 3 million and negotiations for orders worth $ 1.5 million were in the pipeline.

A 24-member CIS delegation from Kazakhastan, Kyrgyzstan and Russia interacted with 82 Indian engineering companies from sectors like automobiles, tractors, auto parts, construction machinery, electric power machinery, internal combustion engine, industrial plant and machinery, scientific and medical equipment, steel pipes and tubes.

"Buyer-seller meets of this nature with CIS countries would pave the way in increasing bilateral trade between these two countries as it would accelerate growth in engineering exports in the near future," said Shah.

PEC Limited, Ashok Leyland, Mahindra & Mahindra, Bharat Earthmovers, M.M. Exports and the Simpson group were some of the Indian majors participating in the fair.