India International Trade Fair begins from today

India International Trade Fair begins from today”

"We would like to increase our exports but also would not discourage imports".

Summary: The 37th India International Trade Fair (IITF) started at Pragati Maidan in Delhi on Tuesday with traffic police advising commuters to avoid roads around the venue.

The five-year foreign trade policy (2015-20) provides a framework for boosting exports of goods and services besides creation of employment and increasing value addition. Chaudhary said the series of economic reforms undertaken by the Prime Minister, such as Goods and Services Tax, Make in India, Startup India and "Fund of Funds for Startups" (FFS), Digital India, e-commerce, promoting innovation and entrepreneurship and FDI reforms has improved the business and investment climate. "We will be inviting all big venture capital firms and angel investors".

Adding further, he said, "The world has acknowledged the changed business environment in the country and the strides made in ease of doing business. The "Partner Country" is Vietnam and the Focus country is Kyrgyz Republic", ITPO said in a statement. Jharkhand is participating as a Partner State in the event.

According to the Newspaper, People not going to the fair are advised to take alternative routes", Garima Bhatnagar, joint commissioner of police (traffic), said.The officer said that the traffic police will ensure no vehicles are allowed to halt or park on roads near Pragati Maidan."The illegally parked vehicles will be towed away and their owners fined Rs 600.

"Startup India Standup India" is the theme of the fair.

The fair will remain open to the visitors from 9.30 am to 7.30 pm, on all days (November 14-27, 2017). The 14-day trade fair will be on till November 27 with the first four days reserved for business visitors.

In his key note address, the Minister for Commerce and Industry, Suresh Prabhu commended the ITPO for continuing the legacy of fairs including the IITF, especially when the redevelopment of Pragati Maidan is under way. The ongoing construction of the centre has forced them to cut down the scale of the fair.

Almost 3,000 exhibitors are showcasing their products compared to 6,000 previous year.

Pakistan is not participating this year either.

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