Chennai, Feb 15 (PTI) The seventh edition of the International Engineering Sourcing Show (IESS) will be held here from March 8-10, 2018, officials said.

Czech republic will be the partner country for this year’s edition while Tamil Nadu will be host state, Executive Director, Engineering Export Promotion Council (EEPC), Bhaskar Sarkar told reporters here.

Held under the aegis of EEPC, sponsored by Union Ministry of Commerce and Industry, IESS 2018 is expected to draw about 400 exhibitors.

Last year’s edition, also held here, attracted about 300 exhibitors, he added.

“This is not only an export promotion initiative but also facilitates exchange between Indian states,” he said, adding West Bengal, Karnataka, Uttar Pradesh, Haryana, Telangana and Jharakhand will be particiapting in the event.

Ambassador of Czech Republic, Milan Hovorka said the objective of the event was to promote partnerships of local businesses with foreign partners.

Czech delegations will be part of the event, he said.

Hovorka also pitched for his country as “one of the best investment destinations in Europe,” and said it was also one of the fastest growing economies in that continent.

The three-day IESS 2018 will see the participation of global and domestic majors like Siemens, Caterpillar, Bharat Earth Movers Ltd, Bharat Heavy Electricals Ltd, Chennai Petrochemicals Corporation, BARC and IIT Madras under various categories including innovation and R&D.

IESS 2018 edition was being held in the backdrop of a “handsome growth in the country s exports, engineering exports in particular.” Sarkar said in a release.

“Highly employment-oriented engineering exports alone account for over 26 per cent India’s total exports basket,” he said.

IESS 2018 is expected to draw about 500 global buyers and 10,000 trade visitors.

Three Czech universities would also be participating in the event.

The event will be “showcasing to global leaders in technology and engineering, India’s high end R&D and manufacturing capabilities to become their dependable sourcing hub with a vast pool of talent and resources,” the release said.

Union Minister for Commerce and Industry, Suresh Prabhu and Czech Minister for Trade, Tomas Huner, will inaugurate the event at the Chennai Trade Center here.

This is published unedited from the PTI feed.