I nmex SMM India will be taking place with an accompanying conference at the Bombay Exhibition Centre in Mumbai from 3 to 5 October Over 295 exhibitors from 23 countries and around 6 300 visitors made it the top maritime industry event in 2017 The organisers are expecting a similar ly strong turnout this year with over 300 ex hibitors China Denmark Germany the UK Korea Norway and the US will be among the countries represented According to the or ganisers the trade fair covers the entire spec trum of maritime technologies and services It offers exhibitors an ideal platform for en tering the South Asian market or further de veloping existing business relationships in the region The growth potential in the Indi an market is currently particularly high in in land and coastal shipping naval shipbuilding and ports Long standing experts on the Indian economy say the outlook is good The mar itime industry has an important role to play in India s economic growth stresses Bern hard Steinrücke the director general of the Indo German Chamber of Commerce The coastline is 7 517 kilometres long And it is geographically and strategically well placed along important international shipping routes According to figures from the Indian Ministry of Shipping the country s ports handle around 95 percent of its trade by vol ume For this reason the capacity and effi ciency of the ports are key to the develop ment of India s economy emphasises Stein rücke Prime Minister Modi has great faith in the maritime sector and describes it as the country s engine of growth The outlook for the exhibitors at Inmex SMM India is thus highly promising www inmex smm india com PB 46 TradeFairs Internation al 3 2019 INTERNATIONAL INDIA Engine of growth The organisers Informa Exhibitions and Hamburg Messe und Congress are currently organising South Asia s largest most important maritime industry trade fair Increasingly involved in global trade Bernhard Steinrücke director general of the Indo German Chamber of Commerce looks in to India s economic future What factors make the Indian economy so strong right now The liberalisation of India s economy began almost 30 years ago And India is still en gaged in catching up with comparable de veloping countries Per capital income and consumption are relatively low so there will inevitably be strong growth in the coming years The young ambitious peo ple of India are not only eager to consume and use the Internet they generally also have a multilingual background and a good level of technical education What does the re election of Prime Min ister Modi mean for international com panies There are attractive opportunities for inter national companies thanks to the focus in government on improving infrastructure and modernising the country Please complete this sentence India is an attractive investment and export market for the maritime industry be cause India will soon have the largest and youngest population in the world with globally minded people who are becoming increasingly involved in the global trade in goods and services And the maritime in dustry plays a key role in meeting the re sulting logistical challenges Indien Potenzial besteht in der Binnen und Küstenschifffahrt bei Marineschiffbau und Häfen India The Indian market has potential in inland and coastal shipping naval shipbuilding and ports Ph ot o In fo rm a H M C

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