India Trade Promotion Organisation (ITPO) signed a Memorandum of Understanding (MoU) with Government of India for the year 2013-14 on 20 March 2013. The MoU was signed between Rita Menon, Chairperson and Managing Director of ITPO and S R Rao, Secretary, Ministry of Commerce & Industry.
Highlights of the MoU
• The major highlight of the MoU is the projected surplus of Rs. 100 Crore by ITPO during 2013-14.
• The MoU laid down target for investment proposal to be submitted for the redevelopment of Pragati Maidan into a modern and state-of-the-art integrated Exhibition-cum-Convention Centre, to the Union Cabinet for approval.
• Certain other targets were also included in the MoU and these included 850 man-days of training to its both senior and other employees during 2013-14 and reduction of electricity water consumption by 5 percent and 10 percent respectively.