Vietnam seeks opportunities for machinery and technology co-operation in India

As part of the occasion, the Vietnam Trade Office in India organised a meeting with technology enterprises and startups in the Indian auto-motorcycle part manufacturing industry in order to discuss opportunities for further business co-operation with the nation.

Upon addressing the opening of the fair, Indian President Droupadi Murmu said that this year's event is not only a celebration of their growth in the engineering and manufacturing sectors, but also a demonstration of Indian co-operation with the most advanced technological achievements in the world.

President Murmu said that India has made significant progress in the 48 years since the first IETF, with the engineering industry reaching new heights. Today, it is a strong, multi-level, diversified segment of the Indian industry that plays an important role in driving growth, creating jobs, and boosting exports, he added.

The policies adopted by India over recent times have created added momentum for unprecedented inclusive growth.

According to President Murmu, India is on a mission to expand its global participation by utilising its superior manufacturing experience, talent, and technological achievements.

According to the leader, there are many important areas where international co-operation in engineering and technology will bring about fresh changes to make the world more prosperous and safer for future generations.

In line with this, India boasts a lot of potential to enter international markets and it has been persistently moving forward to achieve its net zero emissions target by 2070, she went on to say.

After nearly 50 years, the IETF has gradually asserted itself as a forum and catalyst for transformation in India, particularly as it serves as a bridge for exchanges between reputable B2B businesses, thereby contributing to the goal of turning India into a country with a gross domestic product (GDP) of US$5 trillion by 2025.

IETF 2023 is the largest ever version of the event, with the participation over 400 exhibitors from 45 countries, including more than 100 Indian startups in areas such as logistics, game creation, health care, artificial intelligence, robotics, and automation.

As part of the occasion, the organising board of the fair also held conferences, seminars, online trading, and introduction of new technologies in the fields of healthcare, solid and liquid waste, electronics and robotics, advanced construction technology, metallurgy, game creation, logistics, as well as machinery and equipment.