Sat, Dec 10, 2016 | updated 10:32 AM IST

First BRICS Trade Fair gets under way in New Delhi

Updated: Oct 12, 2016 15:45 IST

New Delhi, Oct.12 (ANI): The first BRICS Trade Fair and Exhibition got under way at Pragati Madan in the capital today.

The trade fair is showcasing 20 key sectors, including aerospace, agro-processing, auto and auto components, chemicals, green energy and renewables, healthcare and pharmaceuticals, railways, textiles and apparel, infrastructure, IT, engineering goods, tourism, gems and jewellery and skill development.

Being staged just ahead of the BRICS political summit in Goa (October 15-16, 2016), this major initiative was proposed by Prime Minister Narendra Modi, last year during his address to the members of the BRICS Business Council at Ufa, Russia.

In line with the overall core theme for BRICS in 2016, the focus of the fair is 'Building BRICS - Innovation for Collaboration' and is expected to give an impetus to intra-BRICS economic engagement and to foster connects amongst members of our business community.

Over 600 exhibitors are showcasing their products and expertise at the fair, spread over 30,000 square meters of exhibition space. The expected footfalls over the next three days are expected to be 10,000 plus daily.

The fair is a platform for respective BRICS countries to exhibit the state-of-the-art technologies and advances made in industrial development. Besides established companies, start-ups and innovators from BRICS will showcase their offerings.

The idea is to help technology solution providers from BRICS countries to share knowledge and expertise in dealing with the common development challenges in areas such as healthcare, education, energy efficiency, waste management and urbanization management.

In addition, the BRICS Business Forum will be held on October 13. This is a full day conference that will see participation from over 1000 business delegates from all BRICS countries. Trade and industry ministers of all BRICS nations have been invited to address the participants and share their vision for economic engagement at the BRICS Business Forum.

The Vice President of New Development Bank and the senior team will join this forum and share how the private sector can support its own efforts to promote sustainable development projects across BRICS countries. The forum is expected to give a fillip to these efforts. (ANI)