Vietnam Business Delegation to visit Industrial Innovation & Tech Expo

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 that a nine-member Vietnam business delegation led by Duong Mah Tiep, Vice Chairman of the People’s Committee of Gia Lai province, along with four company representatives will visit the Industrial Innovation & Technology (IITEX) Expo – 2023.

This is the maiden expo and an ambitious initiative of the FTCCI. Some of the key international exhibitors including Cet Power Solution (Belgium), the Economic Development Board Mauritius (East Africa) and the Government of Ras Al Khaimah (UAE) will also participate in the three-day expo that will be held at Hitex Hall No-1 from June 28. The FTCCI members released a poster of the expo.

On the occasion, Anil Agarwal, FTCCI President, said the expo would be jointly hosted by the industry chamber and Government of Telangana, supported by World Trade Centre Shamshabad, ICICI, Four Solar, Quantum Energy, Standard Kitchens, Pokarna, TSIIC, TSREDCO, IIMR, Ministry of MSME, ICRISAT, BNI, T HUB, IIP, Grid Club, T Works, Startup TV, TSTPC and others.

“The aim of the IITEX expo is to boost production through the use of the latest technology & innovations, in the process, boost the economy and help the Atamanirbhar Bharat initiative of the Government of India. It will have 150 stalls and expects 80000 footfalls. Technology has the power to do many things, including changing the world we live in and the way we live too,” he said.

Industrial Innovation and technology in industrial space is a new or improved product or process whose technical characteristics are significantly different from before. The relationship between Industrial Innovation and Technology is very unique and intertwined. The importance of industrial technology is directly linked to competitiveness, Agarwal explained.

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. This exhibition is the need of the hour, he added.

Cet Power Solution (Belgium) is a leading player in the power solutions industry, known for its strong market presence. A few key domestic exhibitors include Gujarat Informatics Limited GIL, Hypercube Analytics Pvt Ltd, Automation Solutions, Jarsh Innovations Pvt Ltd, Four Solar Energy Systems Pvt Ltd, and Sadhguru Audit and GRC Solutions Pvt ltd.

Indrasen Bollampally, Founder & Managing Director of Four Solar Energy Systems said, “The future is renewable energy. Their stall at the expo will showcase various panels, will create awareness among the MSMEs to go solar energy. We at Four Solar believe that privatisation of power can be achieved by spreading awareness and integrating the latest technology.”

Economic Development Board Mauritius (East Africa) is the leading Government agency mandated to provide strong institutional support for strategic economic planning. Electronic Government Authority (EGA) is the IT hub for the Government of Ras Al Khaimah, UAE. EGA is responsible for planning and executing IT projects for most of the departments of the Ras Al Khaimah government.