29th INDIA INTERNATIONAL TRADE FAIR

2009-11-08 03:45:28 - Indian economy, services exports is the forte,the services-GDP ratio rising from 1.4 per cent in 1990-91 to 7.7 per cent in 2007-08 driven by software services, has grown in terms of both size and destination. Indian has emerged as the major software exporting country with a level of over US$ 40.3 billion in 2007-08, expanding at an average rate of around 34 per cent in the past eight years.

There are twenty seven countries participating in 29th India International Trade Fair ( IITF). India's premier event of India Trade Promotion Organasation (ITPO), the nodal trade promotion agency of the Government of India will be organised at Pragati Maidan, New Delhi during November 14- 27' 2009.

IITF highlights India over a broad sectoral canvas eminently focusing on technological advancements of the

various States / Union Territories, State Pavilions offer a dynamic window to reach out to large Indian & International populace- with the spectrum of hightech services at one end and traditional wares on the other adding to a befitting display of India's versatility covering a broad industrial canvas.

Fair Partners are Thailand with focus country China, Thailand is the world's 50th largest country in terms of total area and the 21st most-populous country . Thailand is one of the most devoutly Buddhist countries in the world. Culture and traditions in Thailand are significantly influenced by India, as are Burma, Laos and Cambodia.Thailand is a constitutional monarchy with King Bhumibol Adulyadej, the ninth king of the House of Chakri, as the ruling monarch. The king has reigned for more than sixty-three years, making him the longest reigning Thai monarch and the longest reigning current monarch in the world. The king is recognized as the Head of State, the Head of the Armed Forces, the Upholder of the Buddhist religion, and Defender of the Faith.Thailand experienced rapid economic growth between 1985 and 1995 and today is a newly-industrialized country with an emphasis on exports and a flourishing tourism industry, thanks to various world-famous tourist destinations such as Pattaya, Bangkok, and Phuket.

The fair display amazing strides of achievements in different halls in the form of Special displays of Techmart, Buildtech, SARAS, Good living etc, to comprising a wide range of products and services, engineering, automobiles, electronics, chemicals, drugs and pharmaceutical, jute, rubber, handicrafts, jewelery, consumer goods and other sectors.

India's exports of services would surpass its merchandise exports by 2012. With the current rate of growth in services exports to continue in the medium term, India's exports of services will be close to $ 311 billion by 2012 overtaking the expected level of merchandise exports of $ 305 billion in 2012. The services driving this accelerated growth will include software services, business & management consultancy services, tourism services and other professional services. On calendar year basis, India currently exports more than $ 100 billion. On an average,India's services exports are growing at the rate of 28% per annum for the last 5-6 years and merchandise exports have increased by 22 % annually for the same period.

IITF is a global platform where businessmen, technocrats, entrepreneurs and service providers converge