TN MSME Minister Inaugurates EEPC India's 10th Edition of International Engineering Sourcing Show

• IESS X takes off in Chennai for the 4th time  

Chennai, March 16, 2023: The International Engineering Sourcing Show, the only global display of India’s capability in Hard Core Metal & Metal Based Engineering, turned ten today as the  three day event  spread over  16-17-18 March advocated #SmartEngineering as the show’s theme.

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The event was inaugurated by Honourable Minster for MSME, Government of Tamil Nadu, Thiru T M Anbarasan  at Chennai Trade Centre. The Guests of Honour for the event were Thiru V Arun Roy, Secretary, MSME Department, Government of Tamil Nadu and Mr L Satya Srinivas, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India.

Aimed at reducing dependence on traditional markets, developing internal markets within India, forging partnerships and joint ventures, strengthening commercial relations and accelerating trade between India and its trading partners and providing platform for foreign organisations to showcase their strength and capabilities in a large developing market, IESS has evolved as the exposition of the repertoire of Indigenous engineering skills to the world.   

More than 23,000 Business queries valued at USD 14.28 Million, 12 MOUs including 9 Bilateral ones and around 46,000 Business Contacts define the success of this biggest engineering extravaganza on Indian soil. Indian and Overseas Ministries, Diplomatic Missions, World Renowned R & D Institutes, Techpreneurs, Merchants, Manufacturers, Scientists and Investors meet and network and share their ideas here.    

This edition has Global Sourcing Seminars, Tech Sessions, G20 Sessions, over 300 Overseas hosted Buyers, a World class display of 1,500 Tariff Lines with more than 300 Exhibitors and 10,000 Trade Visitor 

In his welcome address, Mr Arun Kumar Garodia, Chairman, EEPC India said, ”EEPC India , for decades, has played a lead role in building the Brand India image by organising exhibitions around the globe. The India Engineering Sourcing Show (IESS) is an event that started as an event with 220 exhibitors, 350 delegates 6,200 visitors Canada as the partner country, Maharashtra as the partner state on the 22nd March 2012 at Bombay Exhibition Centre and went on to become a journey of 9 completed editions and this would be the 10th one in 2023 with more than 300 Indian Exhibitors, over 400 Delegates with a plan to firm up more than 700 B2B meetings and already confirmed over 75 speakers to address 12 Back to Back Knowledge sessions over the next three days.”

The Chief Guest, Thiru T N Anbarasan, Honourable Minister for MSME, Government of Tamil Nadu, said, “MSME’s output forms one-third of the total production in the country. The MSMEs are doing very well in the automotive, leather, telecommunication, biotechnology and nanotechnology sectors. Out of the US$112 billion in engineering exports last year, Tamil Nadu accounted for US$16 billion. Tamil Nadu is in second place among the States for engineering production in the country and is the third largest exporter of engineering goods.”

“In the last budget, the Chief Minister allocated Rs. 4,617 crores for industrial development. Tamil Nadu is setting up ten export centres to the tune of Rs. 100 crores. We set up 5 industrial estates to the value of Rs. 171.24 crores. The Single Window Portal 2.0 received 12, 113 applications out of which 10,940 were given licenses. The Government of Tamil Nadu has given Rs. 683 crores as subsidy to 19,332 entrepreneurs,” he added. 

Mr. L. Sathya Srinivas, Addl Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India, in his address, said, “One of the components in Smart Engineering is innovation in technology. The focus on the future will be on innovation as unless we innovate, staying ahead of global competition will be difficult. This year, our engineering export performance was even greater than the last year’s are in spite of the headwinds that have been affecting the global economy. The global agencies say that India ia a bright spot in the global economy and have predicted good growth for India. hotspot capture and stay ahead. We have learnt to deal with the pandemic in situations that were unpredictable and have continued to stay afloat.”

V. Arun Roy, Secretary, MSME Department, Government of Tamil Nadu also addressed the gathering. The EEPC Quality Awards, instituted in partnership with The Hindu Businessline, were presented to winners in the three categories – Large, Medium and Small Industries - were given away by the Honourable Minister. 

Two knowledge papers by the EEPC were released by the Minister on the occasion:

• India’s G20 Presidency; Priorities, Challenges and the way forward
• India and G20; Scope for technology alliances

Mr. Aakash Shah, Vice Chairman, EEPC India gave the vote of thanks.

What makes IESS special is that it helps those engineering SMEs who cannot participate in global sourcing events owing to scarcity of resources. IESS brings in buyers who could potentially source products from SMEs. Furthermore, this event helps local companies to establish connections with their foreign counterparts, to generate business and showcase their innovations, products and technologies. In addition, the participants, including exhibitors, get a chance to get detailed information and knowledge about specific sectors and can avail opportunities to meet and interact with sector experts.  

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