43rd India International Trade Fair 2024

Why in News?

• 43rd India International Trade Fair 2024 started from 14th November at Bharat Mandapam, New Delhi.

Key Points:

• The fair was inaugurated by Union Minister Shri Piyush Goyal.
• It will be organized from 14th to 27th November.
• Participating States:- Bihar and Uttar Pradesh
• Focus State:- Jharkhand

Theme

• The theme of the fair this year is based on "Developed India @2047"
• This theme reflects India's vision of becoming a self-reliant, prosperous and sustainable nation by the year 2047.

Objective:

• Local to Global
• This event is like a celebration of India's diverse culture, business and innovation.
• It provides a global platform for trade and cooperation.
• The government aims to develop the India Trade Promotion Organization into a world-class agency.
• Planned expansion is being considered for trade facilities in cities such as Bangalore, Mumbai, Chennai, Lucknow, Varanasi and Noida.
• Emphasis has been laid on promoting digital transactions in trade events.
• Plans have been mentioned to set up kiosks to facilitate smooth transactions

India International Trade Fair:

• It started in the year 1980.
• It is a flagship event organized by the India Trade Promotion Organization.
• It is held every year between 14 and 27 November in New Delhi.
• The India International Trade Fair represents culture, business and innovation.
• It showcases India's industrial might and entrepreneurial spirit.
• It provides a unique opportunity for participants to engage in meaningful exchanges and explore strategies that contribute to a prosperous and sustainable India.