Union Minister of Commerce and Industry Piyush Goyal has inaugurated the 45th edition of India International Trade Fair (IITF) at Bharat Mandapam in New Delhi this evening. The annual fair organised by the India Trade Promotion Organisation is commencing tomorrow. The theme of the fair this year is Vikas aur Virasat. The first five days of IITF will be Business Days reserved for B2B visitors, while the Fair will open to the general public from 19 to 27th of this month.
In his address, Mr Goyal said that India recorded nearly 50 billion dollars in merchandise exports in October this year alone, making an all-time record for exports in a single month. He said that by adding the 40 billion dollars of service exports, India also made the all time historical record of reaching 90 billion dollars in exports in one month. The Minister said that India is well on track to achieve its target of achieving one trillion dollars in exports. He added that India has achieved 570 billion dollars in seven months. The Minister expressed confidence that despite all global uncertainties, India’s international trade will grow by 15 to 16 per cent in the current year.
The Fair will witness participation from a total of 32 States and Union Territories from across the country. During the 14 day event the participating States and UTs will showcase their regional products, local industries, traditional crafts, culture, tourism potential and development initiatives. For this edition of the IITF, Bihar, Maharashtra, Rajasthan, and Uttar Pradesh are the partner states, while Assam, Delhi, Jharkhand, and West Bengal are the focus states. IITF’s International participation includes 11 countries, with pavilions featuring exhibitors from Thailand, Iran, Ghana, Nepal, Afghanistan, the UAE, Turkey, China, Sri Lanka and Bangladesh. More than 3500 exhibitors from India and abroad will showcase their products and services during IITF.
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