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India’s largest trade fair opens with exhibitors from 28 nations

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New Delhi: The 35th edition of India’s largest trade fair kicked off on Saturday at the sprawling Pragati Maidan grounds here with President Pranab Mukherjee calling it an opportunity for India to strengthen its bilateral trade relations with the world.

“The India International Trade Fair (IITF) is a brand name enjoying recognition from around the world.

This annual celebration of trade is to develop our (India’s) bilateral relations with the rest of the world,” Mukherjee said in his inaugural address here.

The two-week exposition concludes on November 27, with the first five days reserved exclusively for business visitors.

The Commerce and Industry Ministry Nirmala Sitharaman said the event is of a “global stature” and would see participation by at least 28 countries.

This edition of IITF will follow the theme of Prime Minister Narendra Modi’s initiative “Make in India”,

This year, while Afghanistan is the partner country, Bangladesh has been roped in as the focus country.

Within India, Goa and Jharkhand are partner states, while Madhya Pradesh is the focus state.

According to the organisers, over 7,000 firms from India and overseas are participating in the fair.

The overseas participation is from countries including Egypt, Bhutan, China, Cuba, Germany, Hong Kong, Indonesia, Iran, Iraq, Myanmar, Nepal, Pakistan, Russia, Saudi Arabia, South Africa, South Korea, Sri Lanka, Thailand, Tibet, Turkey and the UAE.

The last year’s event saw a footfall of over 1.4 million, registering a nine percent increase in the number of visitors in 2013.

This apart, 63 business delegations from 41 countries, apart from a large number of people from foreign missions in Delhi, also visited the fair.

(IANS)

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Xiaomi Focusing on Rural Retail in India

But the eight-year-old company wants to be recognised not as just another smartphone company and it began working towards this mission in 2014

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Xiaomi
Xiaomi wants to change rural retail in India with new business.

Chinese electronics major Xiaomi, which is focusing on amplifying its product portfolio beyond smartphones, is all set to launch on Tuesday a new business which, according to the company, will “change rural retail in India”.

“Excited about a new business that we are launching. We’ll announce it tomorrow,” Manu Kumar Jain, Vice President, Xiaomi Global and Managing Director, Xiaomi India, revealed in a tweet on Monday.

“This new business will forever change rural retail in India,” he stressed.

Started with the online-only strategy, Xiaomi is fast expanding its presence in offline retail as well.

In September, the company launched its fourth flagship “Mi Home” experience store in the country, in Bengaluru, along with a new office.

“With the launch of a new ‘Mi Home’ experience store, we aim to bring maximum international products to the Indian markets,” Jain said at the time of the launch.

The complaint alleged that Xiaomi had used the patents without any license from Yulong.
Started with the online-only strategy, Xiaomi is fast expanding its presence in offline retail as well, wikimedia commons

With the purpose of strengthening its offline network further, Xiaomi said in September it wanted to open 100 “Mi Home” stores in 2018 itself.

Known for its low-cost phones, the company shipped 11.7 million units and became the top brand in the Indian market with 27.3 per cent share in the third quarter this year, with Samsung at second spot, according to an International Data Corporation (IDC) report last week.

The company grew to a new high on the back of its successful Redmi 5A and Redmi Note 5 Pro series and refreshed Redmi 6/A/Pro portfolio, said the report.

Also Read- Apple Makes a Deal with Amazon, Which is Win-Win Game For Both

But the eight-year-old company wants to be recognised not as just another smartphone company and it began working towards this mission in 2014.

Along with its products in the smart home portfolio, its is also venturing into non-technology related segments like luggage, shoes, apparel and more. (IANS)