The India Trade Promotion Organisation (ITPO) and the Department of Commerce (DoC) have signed a Memorandum of Understanding.
The MoU was signed on Wednesday by LC Goyal, CMD, ITPO and Rita Teaotia, Secretary, Commerce.
On this occasion, Goyal mentioned that for the year 2016-17, ITPO is expecting to achieve “Excellent” rating as per the self evaluation of MoU targets in which against the MoU target of Rs 250 crore, the turnover is expected to be Rs 263 crore.
For the year 2017-18, the ‘Excellent’ financial target for Revenue from operations (Gross Sales) has been fixed at Rs 228 crore. He observed that, in view of the Redevelopment Project (IECC) at ITPO, achieving various Financial and Non-Financial targets this year will be difficult. ITPO will, however make all efforts to achieve “Excellent” rating as per the targets given by DPE for the year 2017-18 and ensure delivery of better services to all the stakeholders.