Pragati Maidan fairs get relief | business | Hindustan Times
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Pragati Maidan fairs get relief

business Updated: Mar 22, 2009 20:58 IST
Sumant Banerji
Sumant Banerji
Hindustan Times
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State-owned India Trade Promotion Organisation (ITPO) has rejected a plea by Prasar Bharti on behalf of Commonwealth Games Federation to advance the handing over of Pragati Maidan precincts by three months next year. At least 20 international fairs scheduled to be held between January and March 2010, including the Auto Expo 2010, International Book Fair and Defence Expo.

In a letter dated March 11, ITPO has told Prasar Bharti that it would not be possible to advance the date as that would result in non compliance of contractual obligations and create legal hassles. Prasar Bharti will be setting up a media
centre for the games in hall numbers 8-11 of Pragati Maidan and has booked the venue from April 1.

Doordarshan director general Aruna Sharma had asked for advancing the date from April to January.

“We will lose out on revenue to the tune of Rs 50-60 crore and possibly even lose out on our long standing customers,” said Safdar Khan, senior general manager, ITPO.

The biennial Auto Expo, for example, is the only international level fair for the automotive industry in the country and is one of the biggest money spinner for ITPO. During last year’s Auto Expo in January which saw the high profile unveiling of Tata Nano, a record 1.8 million visitors and generated business of over Rs 20,000 crore for the industry.