Concerned over slowing global demand and declining exports Finance Minister Arun Jaitley today underlined the need for creating an ecosystem to boost shipments to the markets overseas. Speaking at the closing ceremony of 35th India International Trade Fair in new delhi, he asked exporters to produce quality products at competitive prices to meet the challenge of slowing demand in international markets.Finance Minister said the global experience now teaches that the world wants to buy good products. He said world wants to buy cheaper products and therefore Manufacture have to think ahead of the others to make products which are cost and quality competitive. Mr. Jaitley said the glaring challenge is to step up shipments at a time when the world trade was getting compressed. He said purchasing capacity of global buyer is contracting.Finance Minister said trade fairs are going to help boost trade activities. Minister of State for Commerce and Industry Nirmala Sitharaman complimented India Trade Promotion Organisation ITPO for further extending the Make in India campaign through this event. ITPO Chairman and Managing Director L.C. Goyal announced the Digital India would be the theme for next trade fair. 35th edition of the India International Trade Fair, One of the biggest business events in South Asian region today concluded with an award presentation ceremony at Pragati Maidan in New Delhi. Fortnight long fair witnessed about 18 lakh footfalls.
News On AIR | November 27, 2015 8:25 PM
Jaitley underlines need for creating ecosystem to boost shipments to markets