TIDBITS

President to inaugurate IITF 2016

By IndianMandarins- 11 Nov 2016
530

president-to-inaugurate-iitf-2016 President Pranab Mukherjee will inaugurate the 36th India International Trade Fair (November14-27, 2016) on November 14, 2016, at Hamsadhwani Theatre, Pragati Maidan, New Delhi. Union Minister of State (Independent  Charge) Commerce & Industry Nirmala Sitharaman will preside over the inaugural  function. The fair will highlight the outstanding performance of the Indian exporting community. It is the annual flagship  event  of  India  Trade  Promotion  Organisation (ITPO), This year, as many as 7000 participants are taking part in the fair. The 'Partner Country' is 'South Korea' and the 'Focus Country' is 'Belarus'.  The 'Partner States' are 'Madhya Pradesh' and 'Jharkhand' while, 'Haryana' is participating   as the 'Focus State'.  Over 150 companies from 27   countries are   taking   part in the   fair. These include   Australia, Afghanistan, Belarus, Bahrain, Bangladesh, Bhutan, China, Germany, Hong Kong, Iran, Kuwait, Kyrgyzstan, Myanmar, Netherlands, Oman, Sri Lanka, South Africa, South Korea, Singapore, Tibet, Turkey, Thailand, UAE and UK. The domestic participation profile covers all the States and Union Territories, Central Government Ministries/Departments, Public Sector Undertakings, Export Promotion Councils, Commodity Board, Financial Institutions, Corporate and   non-government organisations etc. CAPART pavilion of the Ministry of Rural Development, Government of   India   is participating with around 800 rural artisans and craft persons, while 100 artisans are participating through National Minorities Development & Finance & Corporation. The fair will also   provide the  first-hand  information of  the policies, progressive reforms and  the   new   schemes launched   by  the  Ministry  of  Commerce   and  Industry, Government  of  India  under the  Foreign  Trade  Policy (2015-2020).  These  schemes are  the  Merchandize  Exports  from  India  Scheme (MEIS)  and  Services  Exports  from  India  Scheme (SEIS). Under these schemes, incentives are available for SEZs and 'e-Biz' for the promotion of diverse sectors. Apart   from  featuring  the   state-of-the-art  technologies, products, services    and  innovations along with CSR initiatives, the   fair  showcases the immense  variety  and  kaleidoscopic repertoire of  India's  handicrafts  and  handlooms  with  their  multifarious hues, designs, motifs  and  techniques with  diversity  in  both   medium  and  method.  The fair provides a reliable and tested platform to SMEs exporters, entrepreneurs and investors.

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