EXPO: INDUTEC to Boost Gauteng Economy
Recent Gauteng Business News
This weeks South African Industry and Technology Fair (INDUTEC) will pump more than R25-million directly into the Gauteng economy. Hundreds of international exhibitors and thousands of visitors from more than 25 countries will converge on Gallagher Convention Centre in Midrand, Johannesburg. The three-day, 10-shows-in-one event is backed by 32 local industry associations and takes place from 14 to 16 May.
INDUTEC creator and organiser John Thomson, Managing Director of Exhibition Management Services, is upbeat about the many business opportunities the fair will generate not just for local businesses, but across the country and beyond South Africas borders.
Worldwide interest in doing business in Africa is the highest its ever been, and South Africa has always been the gateway into the continent, says Thomson. Weve got exhibitors coming from all over Europe and the East, including Portugal, Austria; the Czech Republic; China; Hong Kong; India; Iran; Italy; France; Malaysia; Taiwan and Turkey.
Exhibitors will be showcasing industrial and technology-related products and services focused on each of the 10 component expos, and actively pursuing business opportunities with local and regional companies in Africa.
10 Industrial Technology Shows in One
The 10 exhibitions that make up INDUTEC include the international plastics industry exhibition Afriplast Expo, the process automation exhibition, Smart Automation Africa, the machinery and engineering expo Intermac Africa, the manufacturing technologies expo Manutec Africa, the small business opportunities expo Empowertec Africa, the energy and environmental technologies show IndustrialGreentec Africa, the third international exhibition for energy-saving technologies Energex Africa, the fourth African petrochemicals industry exhibition and conference Petro.t.ex Africa, and the fifth international water-technology exhibition Watertec Africa.
Business Opportunities Create Jobs
Thomson believes the country is about to undergo massive infrastructure and industry development through the governments National Development Plan and various other expansive projects. A total of R827-billion in state financing is in place for South Africas infrastructure projects over the next three years. INDUTEC is the ideal platform for companies in industry to leverage the many opportunities the NDP presents, says Thomson.
The South African government will spend R300-million by 2014 just on upgrading the energy sector; it will source 1200 megawatts of renewable energy from independent power suppliers in the private sector, and spend another R4,7-billion to install five million solar water heaters by 2020, adds Thomson.Thomson says that the governments R5,75-billion Manufacturing Competitive Enhancement Programme will also provide a powerful stimulus for business growth, and the Preferential Procurement Policy Framework Act could help to boost local entrepreneurial activity and job creation.
Business News Sector Tags: Expo|