This is the leading trade promotion event in India held by the Indian Ministry of Commerce and Industry, aiming to promote trade exchanges between India and other nations in the world.

Four Vietnamese import-export enterprises are displaying their products at the fair including machinery, equipment, computer software, automobiles, electronics, telecommunications, leather, garments and textiles, handicrafts, jewelry, interior decorations and consumer goods.

Vietnamese ambassador to India, Nguyen Thanh Tan, trade counselor Nguyen Son Ha, and representatives from Vietnamese enterprises cut the red ribbon to open the Vietnamese pavilions at the fair.

In an interview with a Vietnam News Agency reporter, Mr Ha said the Indian market and the IITF have always offered good business opportunities for Vietnamese enterprises.

In the first three quarters of this year, two-way trade between Vietnam and India has increased by 44.7 percent, compared to the same period last year, reaching US$2.6 billion. For the first time, Vietnam’s exports to India have surpassed the US$1 billion mark, up 61 percent.

India has become one of Vietnam’s ten largest trade partners and both countries aim to bring bilateral trade turnover to US$7 billion by 2015.

The trade fair will run through November 27.