Besides, Gadkari highlighted that the World Bank, ADB and KfW are ready to provide a credit line for MSMEs at a low interest cost and, he wants to provide this credit line to the poor and economically backward entrepreneurs in backward areas.
Organisers of the fair ITPO expressed confidence that the redevelopment of Pragati Maidan into a state-of-the-art integrated exhibition cum convention centre (IECC) shall be completed before the end of next year.
Inaugurated 39th Indian International Trade Fair 2019. Several initiatives have been taken up to further improve ease of doing business. Such interactions between Government and Business will ensure better implementation of policies and provide better opportunities to people. pic.twitter.com/1j2RTpZQfM
— Nitin Gadkari (@nitin_gadkari) November 14, 2019
The ITPO is the nodal agency under the administrative control of the Commerce Ministry entrusted with the redevelopment of Pragati Maidan.
In his address, ITPO CMD L C Goyal gave an assurance that the IITF 2020 would be five times bigger than the scale on which the fair is being held this year.
"I am quite confident that before the end of next year would deliver this project (IECC)," Goyal said.
Several countries, including Australia, Iran, the UK and Vietnam will participate in the 14-days fair.
The theme for the 39th edition of the fair (November 14-27, 2019) is 'Ease of Doing Business' inspired by the unique achievement of India for rising to the 63rd rank on the World Bank's Ease of Doing Business Index from 142nd rank in year 2014.
This year the status of 'Partner Country' has been accorded to 'the Islamic Republic of Afghanistan' and 'the Republic of Korea' will be the 'Focus Country'.
Bihar and Jharkhand will be the focus states in this edition of the fair. Entry tickets for business days per person will be available for Rs 500 and season ticket for Rs 1,800.
For all visitors during public days (November 19-27, 2019), ticket charges will be Rs 60 (adult) and Rs 40 (child) on working days and on Saturday or Sunday or Public Holiday the tickets will be Rs 120 (adult) and Rs 60 (child).
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