New Delhi, May 6 (KNN) As many as 25 Indian engineering firms including some companies from the small and medium enterprise (SME) sector will be participating in the Saudi Energy show which is one of the largest and most specialized energy exhibitions in the entire gulf region.
The initiative to organize the India Pavilion at the Saudi Energy Show is being taken by EEPC India, formerly known as the Engineering Export Promotion Council with the support of the Indian government.
The event “would provide an excellent opportunity for establishing business relationships with customers not only from Gulf region but also from the rest of the world,” an EEPC press release said.
Among the Indian SMEs participating in the show are – Kamal Metal Products, Jamnagar, Gujarat; Akash Enterprises, Ahmedabad; Pashupathi Traders, Kolkata; Viz Technologies, Hyderabad; and Nu-Cork Products Private Limited, Bhiwadi, Rajasthan.
The engineering firms with capabilities to supply and service critical machinery and technology products to power and oil exploration sectors will explore new business possibilities at the event scheduled to be held from May 26-28.
Focus Products of the event are power generation and distribution; alternative and renewable energy technologies; modern lighting products and technologies; and water and water resources management technologies.
Promoting economic engagement is the key element of Delhi Declaration of 2006 and Riyadh Declaration of 2010. According to reports, India-Saudi Arabia bilateral trade exceeded USD 43 billion in 2013-14 and has already exceeded USD 43.6 billion in April 2013-February 2014.
As far as benefits of participation are concerned, firms can strengthen their brand presence in the Saudi market and gain access to the Middle East region. They can also examine projects and identify business opportunities in the energy and construction sectors and identify opportunities for collaboration.
Significantly, they can showcase their products, services and technologies to a niche regional audience of professionals from Saudi Arabia and the wider Middle East region; network with government officials, buyers and developers; and explore partnership opportunities with local companies.
The event is likely to attract thousands of business professionals including government officials, engineers, managers, technicians, contractors, consultants, buyers, developers and investors from: power production companies, OEM's, consultants, construction and development companies, service providers, large industrial companies, distributors and retailers and utilities and municipalities.
In the 2013 edition of the Saudi Energy Show, over 10000 trade visitors from 28 countries came to Saudi Arabia to see, examine and experience products or services showcased by over 325 exhibiting companies.