India's participation in the world-renowned engineering and technology fair at Hannover in Germany in April next year would help in attracting global businesses to invest in the country, a senior official today said.
"India would showcase its engineering prowess (in Hannover Messe 2015 fair). We expect a huge amount of global interest in India and opportunities which India is offering at the moment," Joint Secretary in the Commerce Ministry, Ravi Capoor, said here at a function.
He was speaking at the signing ceremony of an MoU between Engineering Export Promotion Council (EEPC) and Deutsche Messe for India as a partner country at the Hannover fair.
Prime Minister Narendra Modi and German Chancellor Angela Merkel is expected to attend the fair in April next year.
The five-day engineering fair will start from April 12, 2015.
The Department of Commerce has mandated EEPC and India Brand Equity Foundation (IBEF) along with CII as the lead agencies for Indian participation in the fair.
About 300 Indian companies including public sector giants would be participating in the fair, seeking technology collaborations, business tie-ups and showcasing India's capabilities in global trade.
With USD 21 billion bilateral trade, Germany is India's sixth largest trading partner.
EEPC Chairman Anupam Shah said that India's participation would also help in enhancing trade and investment relations with Germany.
Participation in 2006 generated a total business to the tune of USD 1.3 billion, he said.
Textile, chemical, leather goods, iron, steel, electronics, electrical components, pharmaceutical and auto components are major items of exports to Germany.
India's main imports from Germany include electrical generation equipment, auto products, bearings, gear equipment, measurement and control equipment, chemicals, synthetic material, machine tools, aircrafts and iron and steel sheets.
