Mr Rakesh Kumar, Chairman, India Exposition Mart Ltd. (IEML) urges Central Government to support the Indian Exhibition Industry that has incurred a revenue loss of Rs. 23800 crores in the COVID -19 crisis.
Greater Noida-17th April 2020: The COVID-19 pandemic across the globe has impacted the normal life of people resulting in socio-economic imbalance. The tremors of the economic impact are being felt among all industry sectors and exhibition industry is no different from that. The current situation has impacted the businesses of exhibitions industry across the world with shows being postponed and cancelled.
The size of Indian exhibition industry is Rs.23,800 crores with more than 550 events conducted annually in the organised sector. The exhibition industry sector enables trade/business transaction of over Rs. 3,00,000 crores, boosting and supporting the growth of various spectrum of industries while also being a colossal employment provider with nearly 1,20,000 people employed in this industry. With a steady growth rate of almost 8%, the exhibitions sector has been consecutively growing during the past few years.
Approximately 90 shows have been reported to be either postponed or cancelled due to COVID-19 during the time-period, summing up to approximately 15% of the total events conducted annually in the organised sector, with a resultant estimated loss of Rs. 3,570 crores for the entire sector. Considering the preparation time for organising an exhibition which ranges from a minimum time-period of 8 to 12 months, the revenue and cash flow cycles for the sector have been adversely affected. The postponement or cancellation of these shows translates into doubling of the total turnaround time for realisation of the amounts incurred in the preparatory stages, while the organisers and allied service providers would bear the burden of fixed costs and salaries, etc. without any returns flowing in.
About IEML
Approximately 10 events have been either cancelled/postponed due to COVID-19 crisis in the industry of Geology, Polymer, Wind energy, Pharmacy, Handicrafts & warehousing etc.
25 number of events booked (2020-21) till date in the Handicrafts, Pharma, Hospitality, Energy, Pharmaceutical, Building technology, Lighting, Heavy Engineering, Food & Packaging, Polyurethane & Textile industries etc.
Indiaโs first International exhibition-cum-convention facility built on a SPV model is a premier exposition and convention Centre, strategically located at the Greater Noida Expressway, Delhi NCR. This state-of-the-art, well-appointed convention and exhibition facility is spread over very scenic 58 acres. The Centre has state of the art convention facility, spread across 2,35,000 square meters of area, has hosted some of the most prestigious and largest trade fairs and conferences in India in recent times. 900 fully operational export showrooms only for export business, belonging to exporters of Cottage Sector with an ease to do business 24x7.
Mr Kumar has announced various relief measures to support the exhibition industry :
1. Applying lean period economical rates for events postponed to peak period.
2. IEML will not charge penalty for cancellation / rescheduling / reduction in space area upto March 31, 2021.
3. Be a part of a 3 year rate contract & take maximum benefits with subsidised rentals on YoY basis.
4. Carry out the most economical shows ever by availing all-inclusive packages of venue rental and services.
5. Relaxed EMI Payment options.
6. Avail the most viable value by paying on actual area utilization, subsidized rental for floor areas for registration areas, cafeterias, lounges and meeting rooms etc.
7. Embrace the venue courtesy of Govt liaison for grants / exhibitor & visitor promotion / transport services / Metro Tickets / Hoardings etc.
8. Hotel bookings and show permissions facilitation by the venue.
9. Engage in win-win accord of partnership on a revenue sharing basis.
10. Top of the line IOT technology in terms of webinars / virtual expos / registrations etc.
For more information, please contact us at www.indiaexpocentre.com and mail us on [email protected]
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PRESS RESELASE
DISTRIBUTION FOOD PACKETS TO THE NEEDY PEOPLE IN THE DISTRICT OF GAUTAM BUDHA NAGAR
Greater Noida โ April 10, 2020: Coronavirus disease (COVID-19) has now spread all over the world. Most of the countries have declared lockdown in their countries. Our country is under lockdown since 25th March 2020. Citizens have been advised to follow rules of lockdown through social distancing in such a critical situation.
Poor and daily wage laborerโs are stuck and in real necessity of food due to this sudden and unforeseen situation created. India Exposition Mart Ltd under the CSR initiative through its Gautam Budha Society for Social welfare has joined hands with GNIDA by distributing food packets to the needy people in the district of Gautma Budha Nagar. The packets are being distributed by the authorities through its own channel at different locations as per the prescribed norms. Every day the society is delivering around 500 packets. The food packets are being distributed at Tugalpur, Mubarakpur & Tilapta Village.
Gautam Budha Society for social welfare is committed to the cause of education, food, sanitization, women empowerment for the socially deprived in the district of Gautam Budha Nagar.
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For more information, please contact us at www.indiaexpocentre.com and mail us on [email protected]
CAPTIONS
1. Food being distributed in Tugalpur area among the construction worker.
2. Food being distributed in Mubarakpur village.
3. Receipt of authority.
Contact us for more information for the latest trends and updates of the exhibition industry.
