CECE President Alexandre Marchetta and ICEMA President Dimitrov Krishnan have signed a Memorandum of Understanding extending the cooperation between the two continental organisations. The signature was announced at the end of the first of its kind CECE-ICEMA Summit held virtually.

The Memorandum of Understanding extends an initial partnership formalised in 2019 and sets the terms of understanding between CECE and ICEMA for their bilateral cooperation. The main objective of the cooperation is understanding reciprocal market developments and improving market access and global trade. CECE and ICEMA pledge to be working together towards closer collaboration in the area of regulatory convergence, data exchange and market openness.

“Both European and Indian markets offer great potential for the construction equipment industry” underlined CECE President Alexandre Marchetta. He reminded the importance of this partnership: “CECE ICEMA close collaboration helps the industry in improving market access and accelerating technical developments.”

ICEMA President Dimitrov Krishnan said: “The ICEMA – CECE Summit 2022, first of its kind to be ever held between the Indian and EU Construction Equipment Industries, is a step in the right direction and opens up opportunities for constructive dialogue and collaboration between ICEMA and CECE across a wide range of areas spreading across technology development and sustainability, policy and trade, supply chain management, amongst others.”