- Poor government policy and lack of venues and other infrastructure is holding back the growth of exhibitions and trade fairs, which is a key driver of the business of small and medium industries.
- The venues have bad health, some cities have only 1 or 2 venues leading to monopolistic pricing.
- Additionally, entertainment is are levied for trade fairs.
- Instead of taking up the task of bringing in investment all upon itself, the Finance Ministry should help develop a surrounding ecosystem that trade exhibitions help provide.
- UBM group, a 800 million-pound global media and events company that hosts exhibitions and conferences is doubling its focus on India this year and is hoping that the new govt is more receptive to the industry’s concerns.
- The ‘Renewable Energy India’ series of fairs held a few years ago gave the sector a good amount of growth.
- Read at:http://www.thehindu.com/todays-paper/tp-business/call-to-develop-ecosystem-to-give-trade-fairs-a-big-push/article6218782.ece