The global financial crisis has derailed economies of various countries and India is no exception to it. The impact of global slowdown has left many important sectors of Indian economy swinging between highs and lows.
Amidst all this chaos, productive interaction between various economies can significantly help to enhance trade. It was back in 1975 that Confederation of Indian Industry (CII) had begun its biannual flagship event, The International Engineering and Technology Fair (IETF) with a vision to strengthen the Indian engineering industry and today the results of their effort have turned the initiative into a global business community.
Keeping in mind the increased participation of overseas national pavilions IETF organisers decided to focus on a specific country at each IETF event. A particular country will be given the opportunity to focus and showcase their industrial capabilities and technology strengths and were called 'Partner Country'.
This year Korea participated as Partner Country. Korea, a dynamic country with a thriving economy and culture, is also serving as a global power house for engineering and high-tech industries. Adi Godrej, President, CII inaugurated the event and described that this was a great platform to exhibit India’s achievements in industry and engineering and to attract investment, trade.