The Hindu Business Line : Engineering Export Council signs MoU with China Chamber of Commerce

ENGINEERING Export Promotion Council (EEPC) has signed a memorandum of understanding with the China Chambers of Commerce for import and export of machinery and electronic products, besides covering exchange of trade- related information and trade dispute settlement mechanism.

The MoU was signed recently during the visit of a high-level trade delegation from EEPC to China, the Council Chairman, Mr Rakesh Shah, said in a news conference. "China is considered as one of the biggest competitors to India in terms of manufacturing and engineering industry and the visit was an eye-opener for the Indian engineering manufactures - exporters," he said.

Mr Shah said to further get into the Chinese market, EEPC has decide to set up a dedicated desk for China to exchange information and undertake sector-specific studies mainly to ascertain the market of various products there. The 18-member EEPC delegation also visited four factories in China that manufacture auto components, tractors, farm machinery and bearings, besides Shanghai port to see the infrastructure facilities.

The EEPC Chairman further said goaded by the Government of India's "Look East Policy" and Focus ASEAN, the Council has already managed to generate serious business enquires amounting to $4 million during the recently held engineering exhibition INDIATECH in Jakarta. The Chairman said the exhibitors were able to book on the spot orders worth $3.35 lakh. Nearly 100 large, medium and small engineering firms across all sectors including agricultural implements, forgings, cotton ginning machinery, cast iron and stainless steel castings, auto components, auto parts, industrial bearings, pumps, electric power tools, IC engines and pumps, welding electrodes participated in the exhibition, he said.

Mr Shah said EEPC is talking to various Indonesian engineering companies to develop conversion kits that enable vehicles to use CNG technology. The government of Indonesia has recently taken a decision to switch all public transportation vehicle operations in Jakarta city, including taxis and official government cars, to CNG, he added.

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