EITS 2014 Expects Participation of 300 Companies

MUMBAI, INDIA - Euro India Technology Sourcing (EITS) 2014 scheduled from 9th to 11th December, 2014 expects participation of 300 companies from India & Europe focusing on materials & processes for industry, transportation & energy said Mr. Claude BITTE, Head of Moselle delegation during the closing ceremony of the India promotional tour organized on 3rd November 2014 jointly by World Trade Centre Mumbai and All India Association of Industries (AIAI). The focus sectors for the technology conference include producing materials (metals, chemicals, plastics & natural fibers) and equipment endowed with new functions, generating power, improving energy efficiency, saving energy, storing energy, distributing energy, recycling renewable raw materials and saving of raw materials, Mr. BITTE stated.

“EITS is a business meeting aiming to establish new contacts between companies from India and Europe interested to develop and boost strong trade relations in the field of materials, processes and energies. EITS is a part of the public strategy for the development of a European Materials and Energy Valley in Eastern France. EITS is organized by Moselle Development, the economic development agency of the General Council of Moselle”.

The key features of the EITS 2014 include one-to-one meetings, company presentations, conferences, exhibition, technical site-visits, cluster matching and networking events. Attendees at EITS 2014 will benefit from new commercial opportunities, new technologies and solutions, latest information about material trends and innovations and meet potential partners and foster collaborations. It is an ideal platform to meet manufacturers, suppliers, research institutions, technology transfer organizations, Investors, government representatives and agencies from Europe added Mr. BITTE.

Mr. Jean Peytregnet, Consul General of France in Mumbai said that at present more than 700 subsidiaries of French groups employ 250000 people in India and generate over US$ 18 bn turnover/year. The French companies know that the Indian market has a lot of potential. Last year the French agency for the Promotion of Foreign Trade called Ubifrance organized altogether more than 300 business meetings between French and Indian companies in India. On the other side the interest of Indian companies for the French market is also high: every year 100 Indian companies exhibit in French Trade exhibitions and more than 3000 Indian businessmen visit the French trade fairs, he added.

Earlier, in his welcome remarks Mr. Vijay Kalantri, President, All India Association of Industries and Vice-Chairman, World Trade Centre Mumbai said that the US$ 2 trillion Indian economy intends to prosper to US$ 5 trillion in the years to come. It is imperative that India join hands with its global counterparts in this pursuit. The EITS 2014 being hosted in France lays special emphasis on technological upgrading. Technology is the need of the hour given the “Make in India” campaign being proposed by the PM Mr. Modi. India can take learning lessons from France in technology towards improving its manufacturing, logistics and infrastructural status. We perceive more than 100 Indian delegates will participate in the conference and benefit from the discussions and debates on technological innovation.

Mr. Kalantri further added that India and France enjoy cordial relations. The total bilateral trade between India and France stands at US$ 8.8 billion with Indian exports worth US$ 5.1 billion and Indian imports worth US$ 3.7 billion. Also, foreign investments from France into India have been prominent contributing to nearly 2% of total foreign funds. France being the ninth largest investor in India has invested nearly Euros 2.31 billion till June, 2012. We seek to foster greater trade ties with France and participation in EITS 2014 conference lays foundation towards the same.

Ms. Rupa Naik, Executive Director, All India Association of Industries and Director-Projects, World Trade Centre Mumbai proposed the vote of thanks.

PHOTO (L-R):Mr. Thierry Perty, Business Development Officer, India, Moselle Development Agency (MDA), Mr. Claude BITTE, Vice-President, Moselle Department Council, President of the Commission for Economic Affairs, Country Planning & Transborder Affairs, Vice-President, Moselle Development Agency (MDA), Mr. Vijay Kalantri, Vice Chairman, World Trade Centre Mumbai, Director - WTCA Board, New York, President, All India Association of Industries, Mr. Jacques Mambriani, Director General of MDA, Mr. Philippe Bard, Secretary of MDA.