New Delhi || 14-11-2024 Union Minister of Commerce & Industry, Piyush Goyal today inaugurated the 43rd India International Trade Fair (IITF) at Bharat Mandapam in New Delhi. This year’s theme, “Viksit Bharat @2047,” encapsulates India’s vision of becoming a self-reliant, prosperous, and resilient nation by 2047.
During his inaugural speech, the Minister said that the Government is planning to expand the India Trade Promotion Organization into a world class agency reflecting the entire industry and the value chain at a single point so that the world looks upon India as the best MICE destination. Bangalore, Mumbai, Chennai, Lucknow, Varanasi and Noida are the places the Centre is looking to expand these facilities, he said.
Emphasising on increasing usage of digital transactions at all trade fairs, Minister Goyal said that the Centre is looking to put up kiosks around fairs to enable faster transactions. Centre is also looking at revenue sharing models with those industries seeking a market at India International Trade Fair and such events, he said. He also highlighted the need to go from local to global and facilitate convergence of buyers and sellers bringing in international exhibitors to India for consumer choice. Exhibition in India should be a one-stop shop for the world, he said. Shri Goyal also urged ITPO to consider virtual fairs particularly where look and feel of the products is not necessary.
The Minister also expressed hope of India conducting fairs across the world inviting foreign buyers, having a greater outreach and becoming outlets for goods and services in the developed countries. He also expressed hope of having innovation as an important element in the future fairs, dedicated pavilions showcasing startups, advancements in digital public infrastructure, AI, green technologies and cyber technology.
The IITF 2024 is organized by the India Trade Promotion Organization (ITPO), and scheduled from November 14 to 27, 2024. The prestigious Event celebrates India’s vibrant culture, trade, and innovation, offering a platform for businesses and individuals to explore opportunities and foster collaboration.
This year’s theme, “Viksit Bharat @2047,” encapsulates India’s vision of becoming a self-reliant, prosperous, and resilient nation by 2047. The fair emphasises innovation, sustainability, inclusivity, and good governance as essential pillars for economic growth and social development. IITF 2024 provides an unparalleled platform to showcase India’s export potential and drive meaningful dialogue among stakeholders committed to this ambitious vision.
The event spans an area of approximately 1,07,000 square meters, with participation from over 3,500 exhibitors from India and abroad. It serves as a convergence point for domestic and international trade, fostering business-to-business (B2B) and business-to-consumer (B2C) engagements. The event is expected to attract nearly one lakh visitors daily, reflecting its status as one of the largest trade fairs in South Asia.
