Top global cos to participate in IESS

Top global companies, including Swiss giant ABB, US powerhouse Cummins, Denmark-based Danfoss and Toshiba of Japan, will converge here next week at the India Engineering Outsourcing Show (IESS) to explore avenues for outsourcing their critical businesses to Indian firms.
Starting on January 22, the three-day event will provide a business platform to 50 international corporates and 300 Indian engineering firms capable of delivering world-class technology products.
"At the present juncture, it is only through exports that a revival can be ensured in the manufacturing sector which has shown a negative growth of 3.5 per cent in November," Chairman of engineering exporters' body EEPC India Anupam Shah said.

The engineering sector is among the top two contributors to the total Indian export basket with total shipments of USD 56 billion in the previous fiscal, EEPC India said.
Besides, states like Bihar, Karnataka, Tamil Nadu, Punjab and Jharkhand will also participate in the IESS.