SHRI ADVANI TO LAY FOUNDATION STONE
OF INDIA EXPOSITION MART
The Ministry of Textiles
is setting up ‘India Exposition Mart’ to provide a state-of-the-art
international marketing facility exclusively for the cottage sector.
A company under the title ‘India Exposition Mart Ltd.’ has already
been established to undertake the execution of the project. Approximately
45 acres site has been earmarked at the six-lane express way at
Greater NOIDA.
The Deputy Prime
Minister, Shri L.K.Advani, will lay the foundation stone of the
project on March 28, 2003 at 10.00 a.m. The Minister of Textiles,
Shri Kashiram Rana, will preside over the function and the Minister
of Commerce & Industry, and Law & Justice, Shri Arun Jaitly,
will be the Guest of Honour. The Minister of State for Textiles,
Shri Basanagouda R. Patil and the Minister of State for Human
Resource Development, Shri Ashok Pradhan will also participate.
India has a vast
production base for handicrafts, handlooms, jute and silk. The
growth in these sectors has been phenomenal in terms of employment
and foreign exchange earnings. The export from these sectors is
approximately US$2800 million (about Rs.13,160 crore) during 2001-02.
The need for setting
up a permanent contact point for the cottage sector has been strongly
felt in view of the changing marketing scenario. The ambitious
project for setting up the exposition mart was conceived by the
Export Promotion Council for Handicrafts, and the Committee of
Secretaries approved the concept. The detailed feasibility study
was undertaken by M/s. Pricewaterhouse Coopers Ltd.
