Nitin Gadkari Inaugurated 39th India International Trade Fair

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Union Minister of Road Transport & Highways and MSME Shri Nitin Gadkari, inaugurated the 39TH India International Trade Fair (IITF). He was accompanied by the Minister of State for Commerce & Industry Shri Som Parkash.  The theme for this edition of the Fair is “Ease of Doing Business” inspired by the unique achievement of India of rising up to the 63rd rank on the World Bank’s Ease of Doing Business Index from 142nd rank in year 2014. 

Addressing the gathering on the occasion, Shri Gadkari said, the country has made good progress in the field of MSMEs. He said, MSMEs contribute up to 29 percent of India’s total exports. The sector has generated employment to over a crore people recently. The Minister described the MSME sector as the growth engine for India’s development.

Shri Gadkari called upon the entrepreneurs to come forward with new and fresh ideas on improving designs, reducing costs, and harnessing businesses. He said, various States are abundant with rich minerals and raw materials. “The need is to convert them into business and industrial opportunity”, he added. The Minister informed the audience that the government is working on setting up new technology training centres for quality production, which is internationally acceptable. 

MoS Commerce & Industry Shri Som Parkash, in his address, underlined the importance of the theme of 39th  IITF  ‘Ease of Doing Business’ and said, MSME sector has to play an important role in accomplishing the twin targets of doubling the farmers’income by 2022, and making India a Five Trillion Economy. Lauding the Fair, he said, such events help in positioning the ‘Brand India’ globally. The Minister also praised the idea of banning single use plastic in the IITF 2019.

IITF offers opportunity for large corporations, Micro, Small and Medium Enterprises (MSMEs), non-government agencies, artisans, self-help groups (SHGs), etc. to promote their products and services to a very large sample of potential customers. The fair is an important platform for various central and state government departments and agencies for the dissemination of information on progressive reforms, new schemes and initiatives. It serves as a convergence point for government agencies, private sector enterprises, and non-government institutions which have aligned their activities with the country’s development objectives. 

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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