Euro-Indian Technology Sourcing to help Indian companies develop business in Western Europe

MUMBAI: Nearly 100 Indian companies are expected to participate in the Euro-Indian Technology Sourcing ( EITS) 2014 business summit to be held at Metz in France between December 9-11 this year.

EITS 2014 is a business convention proposed to Indian and European companies looking to establish new contacts and boost their trade relations in the fields of materials, energy and processes, Claude Bitte, Vice President of General Council Moselle, said.

"We expected a total of about 300 participating companies from France, India and Germany to participate in EITS 2014 this year, which includes 100 companies from India. The event will be a great opportunity for companies to build relationships with their future partners in counterpart countries.

"The summit will focus on the fields of materials and process for industry like metals, chemicals, plastics and natural fibers and transportation and energy," Bitte said.

The present trade between India and France is estimated at $8.8 billion, which includes $5.1 billion worth exports from India and $3.7 billion of imports from France.

This edition of EITS follows the successful Euro India Transport Systems business convention organised by Moselle Economic agency in 2009, which was the biggest convention ever organised between India and Europe on the theme of transportation systems.