International Engineering Technology and Sourcing Show IETSS-2014 organised by the Chamber of Industrial and Commercial Undertakings (CICU) concluded in Ludhiana on Monday generating business inquiries worth crores during the four-day event.
Several industry and political leaders visited the show on the last day of the exhibition where engineering goods of different companies were showcased.
The scheduled visit of deputy chief minister Sukhbir Singh Badal was cancelled due to his other engagements.
Irrigation minister Sharanjit Singh Dhillon and Satish Dhanda, president of industrial wing of Shiromani Akali Dal (SAD), among other leaders came attended the show. Delegates from eight African countries had also come to share their views regarding the economy of their respective countries. It has been learnt that inquiries of at least `500 crore were received at the four-day exhibition.
Different engineering products, including machine tools, tractor parts, sewing machines, transformers, auto parts, cycle parts, solar panels, food processing machinery and automobile products were the major source of attraction for the visitors.
Due to the technical nature of the exhibition, mostly industrialists visited the show whereas common residents remained away from show.
CICU had decided that due to the fact that a large portion of manufactured goods in Ludhiana are exported to African countries, an exhibition at an African nation would be held in 2016 that would highlight the Ludhiana industry at international level.
Kapurthala rail coach factory officials visit
Officials of the rail coach factory, Kapurthala, also visited the exhibition and held a conference with the traders of Ludhiana. They discussed the opportunities of business with the rail coach factory with business community.
An interactive session was also held in which the traders asked questions regarding tendering and payment system of the railways.
CICU president Avtar Singh said trade from Punjab was all set to get a boost as a large number of states and even other countries were now showing interest in goods manufactured in the state.
“We are trying to strengthen our relations with different countries so that goods manufactured here could be sent to those countries,” Singh said.
He said the exhibition gave an excellent opportunity to many local companies to come and showcase their goods.
Satish Dhanda said relations with other countries need to be strengthened so that bilateral trade could witness a boost and different countries prosper.
“We are number one in wheat production, a major manufacturer of woollens, bicycles and cycle parts. We need to exploit our own potential,” Dhanda said.