“Euro India Technology Sourcing (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 organised by Moselle Development, the economic development agency of the General Council of Moselle”, said Mr. Thierry PETRY, Director for India, Moselle Development during an interactive meeting on “Doing Business with Europe” jointly organised on July 15, 2014 by WTC Mumbai and All India Association of Industries.

EITS 2014 scheduled from 9th to 10th December, 2014 expects participation from 300 companies from India & Europe focusing on materials & processes for industry, transportation & energy. 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. PETRY stated.

The key features of the EITS 2014 include one-to-one meetings, company presentations, conferences, exhibition and technical site-visits. 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 organisations, Investors, government representatives and agencies from Europe.

Mr. Sateesh Kulkarni, Director – Market Intelligence, Corporate Catalyst (India) Pvt Ltd, Mr. Thierry PETRY, Director for India, Moselle Development and Ms. Rupa Naik, Executive Director, All India Association of Industries and Director-Projects, MVIRDC World Trade Center

Enumerating on the Moselle region, Mr. PETRY said the region confers access to cross border territory of France, Germany, Belgium and Luxembourg comprising of 11 million population. Nearly 430 foreign companies have set base in Moselle. Also, the region is well connected by roadways, railways and airways with the neighbouring cities.

The EITS 2014 seminar is expected to boost the India’s trade with the European Union. Germany and France which form key hosts of EITS are leading trading partners of India with trade worth Euros 17.4 billion and Euros 7.3 billion respectively. The European particpants at the EITS 2014 seek manufacturing, subcontracting, machining, R and D, logistics and transport partnerships with India.

Earlier, in her welcome remarks Ms. Rupa Naik, Executive Director, All India Association of Industries and Director-Projects, MVIRDC World Trade Center said we have participated at the EITS 2009 summit focusing on Euro India Transportation Systems. We look forward to participating at the EITS 2014 summit as well.

Further, Ms. Naik enlightened the audience on the recently established WTC Bhubaneswar. Shri Naveen Patnaik, Hon’ble Chief Minister of Odisha inaugurated World Trade Center Bhubaneswar. The World Trade Center Bhubaneswar is promoted by the World Trade Center Mumbai with the support of Industrial Infrastructure Development Corporation, the industrial promotion agency of the State Government of Odisha.

Ms. Naik proposed the vote of thanks.