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  • NESCO organizes – Technology Transfer Meet between Indian Companies and South Korean Delegation

    Published on December 20, 2019

    By Sachin Murdeshwar

    Mumbai:  Tech Connect Global – the Official Technology Trading Event between India and Korea organised by NESCO Ltd and WEVIO Global Inc in Mumbai generated 11 MOUs between Indian manufacturers and South Korean Tech Companies for transfer of the latest technology to Indian establishments to the tune of Rs 120 crore and other two MOUs for Government tendering worth Rs 50 crore.

    Tech Connect Global provided all Korean participating companies with authentic Indian Counterparts for joint venture and technology transfer opportunities. The parallel Seminars delivered by Maharashtra Industrial Development Corporation (MIDC), Aurangabad Industrial City (AURIC), Maharashtra Pollution Control Board (MPCB) provided the stakeholders with essential information for technology trading, licensing & investments.


    While explaining the objective behind organizing this meet Tejinder Singh Nagi – General Manager, Nesco Exhibitions said “The aim of this event is to commercialize the Technology with India & Korea Collaborations to facilitate “Make in India” and export to Global Markets. This aim was successfully met with more than 11 spot MOU’s signed during the event. This is in continuation to 18+ MOU’s signed earlier in October during the India Auto Show”. Nagi further added “We at Nesco Exhibitions strive to conceptualize and deliberate on topics which addresses the key issues concerning the Indian Industry. The Tech Connect Global is a step towards achieving the same”.


    Calvin Yi – CEO & President of Wevio Global Inc stated “We are encouraged by the response received at our first TCG meet organised by Nesco Exhibitions. In the forthcoming editions of TCG, the vision is besides South Korea we would add more participating nations like USA, Germany, Italy, Singapore, Japan and few others in order to globalize and facilitate the technology trade at the levels aspired since a long time in India”. He further added “Technology transfer will prove to be the fastest route to bridge the gap of India’s developing to developed nation”.


    The various Indian organisations and industry bodies participated in this first Tech Connect Global meet included SME Chamber of India, MIDC, Aurangabad Industrial City – DMIC, MCCIA, Maharashtra Industrial & Economic Development Association, Maharashtra Pollution Control Board, Tata Chemicals Limited and Finolex Industries Limited.