Piyush Goyal Opens 43rd India International Trade Fair in New Delhi
The 43rd India International Trade Fair (IITF) was inaugurated by Union Minister of Commerce and Industry, Piyush Goyal, at Bharat Mandapam in New Delhi. The event, running from November 14 to 27, highlights India’s culture, trade, and innovation, offering a global platform for business collaboration.
Government’s Vision for ITPO
Goyal announced plans to develop the India Trade Promotion Organisation (ITPO) into a world-class agency, aiming to position India as a top MICE destination. Expansion of trade facilities is planned in cities like Bangalore, Mumbai, and Chennai.
Theme and Digital Initiatives
The fair’s theme, “Viksit Bharat @2047,” aligns with Prime Minister Modi’s vision of a prosperous India by 2047. Goyal emphasized digital transactions and proposed kiosks for smooth operations.
International Participation and Exhibitors
This year’s fair covers 107,000 square meters with over 3,500 exhibitors, including international participants from China, Egypt, and the UAE. Partner States Bihar and Uttar Pradesh, and Focus State Jharkhand, showcase their trade potential.
Visitor Information
With an expected daily footfall of nearly one lakh visitors, the fair is open for business from November 14 to 18 and for the general public from November 19 to 27. Tickets are available at metro stations, mobile apps, and online, with free entry for senior citizens and differently-abled visitors.
Doubts Revealed
Piyush Goyal -: Piyush Goyal is a politician in India who is part of the government. He works as a Union Minister, which means he helps make important decisions for the country.
India International Trade Fair -: The India International Trade Fair is a big event where people from different countries come to show and sell their products. It’s like a huge market where you can see things from all over the world.
New Delhi -: New Delhi is the capital city of India. It’s a very important city where many government buildings and events are located.
ITPO -: ITPO stands for India Trade Promotion Organisation. It’s a group that helps organize trade fairs and events to promote business in India.
MICE destination -: MICE stands for Meetings, Incentives, Conferences, and Exhibitions. A MICE destination is a place where people go to attend these kinds of events.
Exhibitors -: Exhibitors are people or companies that show their products or services at a fair or exhibition. They set up stalls or booths to display what they have to offer.
Digital transactions -: Digital transactions are ways of paying for things using technology, like using a phone or computer instead of cash. It’s a fast and easy way to buy things.
One lakh -: One lakh is a way of saying 100,000 in India. It’s a large number often used to count people or money.
