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India Trade Promotion Organization
India Trade Promotion Organisation (ITPO), headquartered at Pragati Maidan, is the nodal agency of the Government of India under aegis of Ministry of Commerce and Industry (India) for promoting country's external trade. ITPO is a Mini-Ratna Category-1 Central Public Sector Enterprise (CPSE) with 100 percent shareholding of Government of India. In January 2016, ITPO appointed NBCC as Project Management Consultant (PMC) for Integrated Exhibition-cum-Convention Centre (IECC) project as part of Redevelopment of Pragati Maidan. The project garnered much media attention due to demolition of Hall of Nations and Nehru Pavilion by ITPO in April 2017, after approval from Delhi High Court. ITPO has awarded the IECC construction work to Shapoorji Pallonji Group for INR 2150 crores, making the project cost go over whopping INR 2600 crores. On 22 December 2017, Vice-President of India Venkaiah Naidu laid foundation stone of IECC project and Integrated Transit Corridor Development projec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
