Text & Photos: Bhargav TS
The 8th edition of EMMA Expo India 2014, which recently concluded at the Bangalore International Exhibition Centre (BIEC), saw more than 200 participants explore joint ventures (JV) with Indian companies. Organised by Taiwan World Trade Centre (TWTC), a non-profit organisation for trade promotion in Taiwan, it is exploring opportunities for Indian organisations to enter into JVs with some of the top companies there. In the current edition, Taiwanese companies offered $24 million worth of business opportunities, compared to $12.4 million generated during the 7th edition of EMMA Expo in Chennai last year.
Walter Yeh, Executive Vice President, TWTC said, “So far 97 companies from Taiwan are doing business in India that includes Asus and HTC, among others. A large number of companies from Taiwan are exploring possibilities to set up manufacturing in a few states including Gujarat and Andhra Pradesh and a few cities such as Mumbai, Chennai and Bangalore, in the areas of electronics, medical equipment, shipping and education.” He added that TWTC aims to bring in at least 500 companies from Taiwan to India in the next decade to enter into business with Indian companies.
After inaugurating the 3 days expo, the Union Minister for Fertiliser and Chemicals, Ananth Kumar said, “For India to prosper, the manufacturing sector needs to double its contribution to the country’s GDP. We need to create a single window system in the real sense of the word and facilitate smooth provision of infrastructure and land for micro, medium & small scale enterprises. On behalf of Kalraj Mishra, Union Minister for MSME, it is my pleasure to announce that we will be establishing a tool room in Bangalore and a textile cluster in Mysore. As part of the Union Budget, the Government had announced Rs 10,000 crore towards venture capital for new enterprises and start-ups. It is our job to create an environment that will ensure an inflow of Rs 1000 crore to Bangalore and Karnataka, by supporting the starting up of small and medium scale companies. Our partnership with Taiwan will be a success story and it is inevitable to have healthy competition from other growing economies.”
For the first time in the EMMA expo, there were live demonstrations from companies like CUB Elecparts Inc (core manufacturer of electrical & electronic Auto Parts), Karmal Medical, Togntai Machine & Tool (renowned provider of equipment, instruments and tools), Moldex 3D (provider of the Moldex injection molding series with the best molding simulation solutions), Wen’s Phoenix Corporation, Luckyear Microelectronics Corp and Hu Lane Associate Inc (automotive connectors and terminal manufacturing). Apart from this, the event also witnessed 2 seminars hosted by FICCI (Federation of Indian Chambers of Commerce and Industry) and ELCINA (Electronic Industries Association of India) to give audiences a fresh scoop on the latest incentives on investment in India.
A concurrent show, India Manufacturing Show 2014 (IMS), has seen the single largest convergence of the best talent from the manufacturing and engineering industries across the globe. The uniqueness of this IMS fair is about interacting and networking with international and national audiences including global manufacturers, investors, diplomats, government officials and industry stalwarts to understand the investment in technology, quality systems and applications development. The EMMA Expo is running in conjunction with the IMS for the second time.
IMS organising committee, Yajnanarayana Kammaje, said, “The manufacturing industry is looking good overall with a new government taking charge and introducing several policy measures. With a good, practical budget, there is an upswing in the industry. Around 17% of the GDP today is gained through the manufacturing industry. We can expect this to increase to 23% of the GDP in the next 4 years with the growth of the manufacturing industry. We need to bridge the gap between small, medium and large industries, and IMS is a platform to ensure there is wide scope for more industry collaborations.”
At the EMMA expo, the Taiwan Pavilion highlighted the innovations of 47 winners of the Taiwan Excellence Awards that included Acer, HTC, ADATA, D-Link and other prime brands.
