ITPO targets revenue of Rs 228 crore from operations in FY17

India Trade Promotion Organisation (ITPO) targets a revenue of Rs 228 crore from operations in 2017-18, the commerce ministry said on Wednesday.

ITPO is the nodal agency of the ministry to promote external trade.

Quoting ITPO CMD L C Goyal, the ministry said for 2016- 17, the organisation is expecting to achieve "Excellent" rating as per the self evaluation of MoU targets.

"For 2017-18, the financial target for revenue from operations (gross sales) has been fixed at Rs 228 crore," it said.

Goyal, however, said that in view of the redevelopment project at ITPO, achieving various financial/ non-financial targets this year will be difficult.

"ITPO will, however make all efforts to achieve 'Excellent' rating as per the targets given by Department of Public Enterprises for 2017-18 and ensure delivery of better services to all stakeholders," he added.

Government-owned firms set targets every year under the memorandum of understanding (MoU).