New Delhi, Mar 6 (KNN) Trade and investment promotion council Engineering Export Promotion Council (EEPC) India has been actively working on creating the right ecosystem in the area of Industry 4.0 for the benefit of Small and Medium Enterprises (SMEs), said an official.

“At EEPC we have been working on Industry 4.0 for last two years. Industry 4.0 is our top most agenda and we have been working on helping the SMEs to equip themselves and overcome the challenges in terms of technology up gradation,” said Mahesh K Desai, Council’s Senior Vice-Chairman

“Simultaneously, we are also focusing on skill development in order to have the right ecosystem,” he said while announcing the details about the 8th edition of EEPC India’s International Engineering Sourcing Show (IESS).

IESS will be held in Chennai during 14-16 March with the theme – Smart Engineering – to showcase India as a global hub for manufacturing and technology.

Regional Director, C H Nadiger, EEPC India, explained that the primary objective of the IESS is to reduce dependence on traditional markets in exports.

“About 72% of our exports are accounted by just 25 countries in the world. We want to expand our export base. Of course, we are providing a platform for Indian engineering industry to target the domestic market also as a derisking strategy,” he added. (KNN/JM)