Sub: MITEX INTERNATIONAL TOOL EXPO - MOSCOW, RUSSIA
We are pleased to inform you that FIEO is organizing participation of Indian companies in the 23rdInternational "MITEX INTERNATIONAL TOOL EXPO" in Moscow, Russia to be held as per the following schedule:
Event Dates:9 - 12 November, 2021 (Tuesday to Friday)
Venue:Expo Centre Fairgrounds, Moscow, Russia
India and Russia have strong and deep rooted historical ties that stretch across economic and cultural spectrums. The bilateral trade between India and Russia has grown strongly over the years reaching USD 8.1 Billion in FY 2020-2021. India’s exports to the country have grown remarkably at an impressive CAGR of 9% during the previous 5 years from year 2016 to 2020 to reach USD 2.5 Billion in 2020. Russia’s share in the total export from India is 0.9%. The tool industry exports from India to Russia stood at USD 582 Million in 2020 making India’s share in the Russia’s import basket of the product ( USD 76 Billion) just 0.76% which shows that Russia hold a large market for the product and many opportunities are available for the Indian business to enter and expand in Russian market.
The MITEX INTERNATIONAL TOOL EXPO 2021 is one of the largest market events of the tool industry in Russia. It is the best place to expand your business and find appropriate partners and promote your products in the Russian market. MITEX is the meeting point of producers, distributors and consumers of tools. At the exhibition are presented companies for tools, hand tools, abrasives, fittings, diesel and electrical generators, professional cleaning and thermal equipment, snow blowers.
The last edition of the exhibition MITEX 2019 witnessed 558 companies from 21 countries and 22000 total professional visitors.
•Machine Tools & Hand Tools
•Measuring & Testing
•Safety & Storage
•3D & Smart
•Woodwork and Furniture
The event is proposed under Market Access Initiative (MAI) Scheme of the Ministry of Commerce & Industry, Govt. of India. The tentativesubsidized participation charges are:
-For 6 Sqm booth(2m x 3m) @ 1,20,000/- INR *
-For 9 Sqm booth (3m x 3m) @ 1,80,000/- INR *
-For 6 Sqm booth(2m x 3m) @ 1,25,000/- INR *
-For 9 Sqm booth (3m x 3m) @ 1,85,000/- INR *
Corner Booth: Two Side Open Rs. 5000/- extra subject to availability
Participation Fees includes Standard built up stall of 6 Square Meters havingElevated India Branding, Carpeting (Grey), Wall Panels (White), Fascia panel with Company Name, 2 Spotlight, 1 Triple Power Outlet 220 V (1.5 kWt),1 Table, 2Chairs (6 sqm) & 3 Chairs (9 sqm), 1 Information Desk, 1 Coat Rack, 1 Waste Basket, 2 Shelves
Note: This fee does not include sending display material, any additional fixtures & furniture in the booth. These are to be borne by the companies.
1.The subsidized participation fee is based on the anticipated grant from the Ministry. In case of any variation the participation fee may be revised.
2.As per DOC, a company can avail MAI assistance upto a maximum of three times (including past cases) for a particular event. Thereafter they shall not be eligible for the subsidy.
**TRAVEL ADVISORY - At present there is NO TRAVEL RESTRICTION from INDIA to RUSSIA. It may be noted that Indian businessmen will mandatorily have to carry RTPCR test undertaken 72 hrs prior to travel with QR Code.
Eligible companies will be entitled for reimbursement of economy class Airfare on submission of documents after the completion of the event. The amount of reimbursement shall be subject to the approval and quantum of funds approved by the Ministry for the said event (Only one Person Per Company i.e. only to Director, Proprietor, Partner, regular officer of the company on senior managerial Position will be eligible for the Airfare Reimbursement).
FIEO will issue the visa recommendation letter to the participants. (Only 2 persons per company)
PAYMENT & REFUND POLICY:
The participation charges are non-refundable in any case.
Interested members are requested to kindly send us their confirmation as per the Registration Form(s) enclosed along with the participation fee (Non-Refundable). The payment may be made only by Cheque/Demand Draft in the name of Federation of Indian Export Organisations payable at New Delhi latest by 12th October, 2021. Also, the payment may be remitted through NEFT/RTGS details of which may be shared on request. It may be informed that we have limited stalls and preference will be given on the basis of first-cum-first- served basis and on receipt of full participation fee. FIEO reserves the right to select the participants. Interested companies can also remit the participation fee online by clicking on the following link: www.fieo.org.
In case of any further queries, you may contact FIEO at 011- 46042149/57; +91-8586848676 (Mr. Nishant) and +91-8586877982 (Mr. Vishvaditya) or by e-mail at firstname.lastname@example.org email@example.com