Goyal underlines the significance of mega exhibitions to reach out to export markets
Commerce and Industry Minister Piyush Goyal has urged the auto industry to aim for at least 50% export share of the global auto markets, and not limit itself to achieving a 25% export share as widely seen.
He encouraged the industry stakeholders to adopt a proactive approach to seize opportunities in the global economy, emphasizing the vast potential for Indian businesses to capture large world markets.
Emphasizing India’s ambition to substantially increase its share in global exports, the Minister urged the industry to strive for greater excellence and performance on the world stage.
The Minister praised the collaborative spirit prevalent across sectors, highlighting its role in driving the best outcomes while fostering healthy competition.
Goyal made the call to the auto industry during the launch of logo and booklet for Mega Mobility show, “Bharat Mobility Global Expo 2024” in New Delhi on 5 Jan.
Goyal underlined the significance of these mega exhibitions, noting their international scale and ambition. The exhibitions aim to present India’s strengths to the global market and position the country as an international player across industries.
The Bharat Mobility Global Expo 2024 promises to be a landmark event, heralding a new era of collaboration and innovation in the mobility sector. With over 600 exhibitors from 50+ countries, the expo highlights cutting-edge technologies and breakthroughs in mobility.
From cutting-edge technologies to sustainable solutions, the exhibition is a testament to India’s engineering excellence.
More than 27 leading vehicle manufacturers are set to unveil new models and electric vehicles, showcasing the automotive industry’s steadfast commitment to innovation. Legacy automotive players, both international and domestic, will be showcasing their electric, hybrid, CNG and biofuel powered vehicles.
Along with vehicle manufacturers, the event will have over 400 auto component manufacturers, 1,000+ brands from 13+ global markets, displaying their entire range of products, technologies, and services, from supplies to OEMs to the aftermarket.
Countries such as Japan, Germany, South Korea, Taiwan and Thailand will have dedicated country pavilions, while there will be additional international participation from the USA, Spain, the UAE, Russia, Italy, Turkey, Singapore and Belgium.
The event will also see a large participation from major international and Indian battery manufacturers and battery supply chain & recycling companies. More than 10 leading companies will also be showcasing EV infrastructure services including charging stations and battery swapping solutions during the event.
One of the highlights of the event will be the CEO Conclave, where visionary leaders will gather at the CEO Conclave to deliberate on the future trajectory of the mobility industry.
NASSCOM will be hosting the NASSCOM Auto Techade Pavilion in the event to showcase India as a powerhouse for automotive software capabilities, advanced technology capabilities and innovation ecosystem.
The Bharat Mobility Global Expo 2024 is an industry led and government supported initiative, and is being coordinated by Engineering Export Promotion Council India (EEPC India) with the joint support of various stakeholder industry bodies. Fiinews.com
