India Trade Promotion Organisation (ITPO) today said it has signed a participation contract with Kazakstan for taking part in the Astana Expo 2017 which will begin from June 10 in 2017.
ITPO is a trade promotion arm of the Commerce Ministry.
The national pavilion will showcase diverse export potential of India in sectors such as science & technology, industry, agriculture, automobiles, IT, textiles, gems and jewelery, handicrafts and leather.
"In view to encourage the participation of Indian companies, the Department of Commerce, has approved subsidy of worth Rs 12 crore under the Market Access Initiative (MAI) support," ITPO said in a statement.
The three-month long expo will see participation from over 100 countries.
Rapil Zhoshybayev, First Deputy Minister for Foreign Affairs and Commissioner of Expo Authorities Kazakstan, said that the event would also help in boosting the trade ties with India.
The bilateral trade between the countries has touched USD 1 billion last year.
"There is a huge scope of joint collaborations to meet the need of future generation," ITPO said quoting Zhoshybayev.
The theme of the Expo 2017 will be 'Future Energy'.
