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ITPO eyes Rs 250 cr revenue this fiscal

Press Trust of India  |  New Delhi 

Government-run Trade Promotion Organisation (ITPO) today said it has fixed a revenue target of Rs 250 crore for this fiscal year.

This was stated by ITPO CMD L C Goyal while signing an MoU with the Department of Commerce.

The Memorandum of Understanding (MoU) is a negotiated agreement and contract between the administrative ministry or department or holding CPSE, to fix the targets before the beginning of the financial year.

"On this occasion, Goyal mentioned that for the year 2016 -17, the 'excellent'' financial target for Revenue from operations (gross sales) has been fixed at Rs 250 crore," the commerce ministry said in a statement.

He also mentioned that ITPO will make all efforts to achieve 'excellent' rating as per the targets given by the Department of Public Enterprises for the year 2016-17 and ensure delivery of better services to all the stakeholders.

ITPO is the trade promotion agency of the Ministry of Commerce and Industry.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 19 2016. 19:48 IST