FTCCI to host industrial expo on June 28-30
To boost production through the use of the latest technology and innovations
image for illustrative purpose
Hyderabad The Federation of Telangana Chambers of Commerce and Industry (FTCCI), a city-based 106 old, one of the most vibrant regional chambers in India, announced to organise IITEX, Industrial Innovation and Technology Expo – 2023 at Hitex on June 28-30.
Addressing a press conference on Monday, its President Anil Agarwal said the maiden expo is an ambitious initiative of the chamber and would have 150 stalls. He expects 80,000 footfalls during the three-day event.
The aim of the IITEX Expo is to boost production through the use of the latest technology and innovations, in the process, boost the economy and help the Atamanirbhar Bharat initiative of the Government of India.
“Technology has the power to do many things, including changing the world we live in and the way we live too,” said Anil Agarwal. He addressed a press conference along with Meela Jayadev, Senior Vice President of FTCCI.
Innovation and technology in industrial space brings a better product or process whose technical characteristics are significantly different from before. The relationship between industrial innovation and technology is very unique and intertwined, explained FTCCI president.
“Society constantly looks for innovative and improved products, which are possible through new processes developed by the industrial sector. We cannot bring innovation to any industry without technology. Without the use of technology, we cannot make innovation in any industry,” he stated.
The importance of industrial technology is directly linked to competitiveness. The technological advantage is a determining factor in industrial competitiveness in the world today. Technology is the key growth driver.
It is the key to reducing unit costs, improving product quality, holding or increasing market share and increasing output, profits and return on investment and ultimately survival, Anil Agarwal explained. “This exhibition is the need of the hour. Not many thought about it before.”
It will be our endeavour to involve all regional chambers from across India. Each Chamber can have its own pavilion. It will also be a unique platform for all the regional chambers to merge and at one single platform and collaborate for better future prospects for all associated with those chambers.
