IITF: a platform for SME exporters to interact with international buyers & investors
Updated: Nov 14, 2014 01:54:39pm
New Delhi, Nov 14 (KNN) Minister of State for Commerce and Industry, Nirmala Sitharaman said that the India International Trade Fair (IIFT) which began in the capital today is a platform for exporters and entrepreneurs, particularly SMEs to interact with international buyers and investors.
Sitharaman was speaking during the inauguration of the 34th edition of IIFT, one of the largest convergence points for the business fraternity in the Asian region.
“The IITF provides a reliable and tested platform to our exporters and entrepreneurs, from States and Union Territories and the private sector, particularly SME exporters to interact with international buyers and investors,” she said.
Indian enterprises, according to her, truly have mettle to create world class brands. “While appreciating the Indian exporter for their performance in terms of making a mark in fiercely competitive global markets, I observe that they also have a major role to play in empowerment of millions of disadvantaged in India’s villages by generating sustainable livelihood,” she said.
With regard to this year’s IIFT theme, she said this decade belongs to women entrepreneurs. “They command attention because they are significant. Their domain is not limited to a few traditional business lines. They are no longer followers but visionaries in their own right. They combine energy, initiative, determination, timing, administrative acumen, and talent. Some even stand out as innovators changing the shape of global economy,” the Minister said.
IITF this year has a sizable foreign participation with countries like Bahrain, Bangladesh, Cuba, Germany, Kuwait, Kyrgyzstan, Malaysia, Sri Lanka, South Korea and Tibet, retuning after a gap of a few years. Other participating countries are Afghanistan, China, Egypt, Hong Kong, Iran, Indonesia, Japan, Myanmar, Nepal, Pakistan, South Africa, Thailand, Turkey, UAE and Vietnam.
The event will also see concurrent conferences, workshops, craftsmen demonstration and cultural events that while adding a new dimension to the fair will boost business and open avenues for investment, joint ventures and collaborations, improving economic growth by providing access to potential markets.
Other dignitaries that participated in today’s inaugural event include, President of India, Pranab Mukherjee, Deputy Trade and Industry Minister of South Africa, Elizabeth Thabethe, Lt Governor Delhi, Najeeb Jung, Minister Counsellor (Commercial), Royal Thai Embassy, Chavalit Rojjanaprapayon, Commerce Secretary, Rajeev Kher, Chairperson and Managing Director, ITPO, Rita Menon. (KNN/ES)
Sitharaman was speaking during the inauguration of the 34th edition of IIFT, one of the largest convergence points for the business fraternity in the Asian region.
“The IITF provides a reliable and tested platform to our exporters and entrepreneurs, from States and Union Territories and the private sector, particularly SME exporters to interact with international buyers and investors,” she said.
Indian enterprises, according to her, truly have mettle to create world class brands. “While appreciating the Indian exporter for their performance in terms of making a mark in fiercely competitive global markets, I observe that they also have a major role to play in empowerment of millions of disadvantaged in India’s villages by generating sustainable livelihood,” she said.
With regard to this year’s IIFT theme, she said this decade belongs to women entrepreneurs. “They command attention because they are significant. Their domain is not limited to a few traditional business lines. They are no longer followers but visionaries in their own right. They combine energy, initiative, determination, timing, administrative acumen, and talent. Some even stand out as innovators changing the shape of global economy,” the Minister said.
IITF this year has a sizable foreign participation with countries like Bahrain, Bangladesh, Cuba, Germany, Kuwait, Kyrgyzstan, Malaysia, Sri Lanka, South Korea and Tibet, retuning after a gap of a few years. Other participating countries are Afghanistan, China, Egypt, Hong Kong, Iran, Indonesia, Japan, Myanmar, Nepal, Pakistan, South Africa, Thailand, Turkey, UAE and Vietnam.
The event will also see concurrent conferences, workshops, craftsmen demonstration and cultural events that while adding a new dimension to the fair will boost business and open avenues for investment, joint ventures and collaborations, improving economic growth by providing access to potential markets.
Other dignitaries that participated in today’s inaugural event include, President of India, Pranab Mukherjee, Deputy Trade and Industry Minister of South Africa, Elizabeth Thabethe, Lt Governor Delhi, Najeeb Jung, Minister Counsellor (Commercial), Royal Thai Embassy, Chavalit Rojjanaprapayon, Commerce Secretary, Rajeev Kher, Chairperson and Managing Director, ITPO, Rita Menon. (KNN/ES)
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