L C Goyal Gets One-year Extension As ITPO CMD

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The tenure of L C Goyal as Chairman and Managing Director of India Trade Promotion Organisation (ITPO) has been extended by one year, an official order said on Thursday. Goyal is a former IAS officer of 1979-batch of Karnataka cadre. He had served as Home Secretary. “The Appointments Committee of the Cabinet has approved extension in tenure of L C Goyal, IAS (retd) as Chairman and Managing Director, India Trade Promotion Organisation for a further period of one year beyond September 1, 2019,i.e. up to 01.09.2020 or until further orders, whichever is earlier” according to the order. Set up in 1977, ITPO is the nodal trade promotion agency of the government and functions under the supervision of the commerce ministry, and is classified as a Miniratna. 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. 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 Dec 2017, Vice-President of India Venkaiah Naidu laid foundation stone of IECC project and Integrated Transit Corridor Development project at Pragati Maidan.

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