Exhicon Events Media Solutions Ltd. (Exhicon) on Tuesday announced that it has signed a Memorandum of Understanding (MoU) with India Exposition Mart Ltd. (IEML) to jointly identify, bid, develop and manage world-class Exhibition and Convention Centres across Tier-2 cities in India under the Public-Private Partnership (PPP) model.
The company highlighted that India’s exhibition and convention industry is growing at a CAGR of 12–15%, with the market expected to cross ₹95,000 crore by 2030. The government is also prioritising the creation of such infrastructure in Tier-2 cities through PPP tenders, industrial development initiatives, and tourism-linked policies.
As part of the arrangement, a Joint Steering Committee with equal representation from Exhicon and IEML will oversee evaluation, bidding, and project implementation. The MoU will remain valid for an initial five-year period, extendable by mutual consent.
Exhicon noted that each mid-sized exhibition and convention centre project is estimated at an investment potential of ₹300–700 crore, generating long-term recurring revenues. Based on current visibility, the company expects to participate in projects with a cumulative potential of ₹2,000–4,000 crore over the next 3–5 years.
The board said the collaboration positions Exhicon as a leader in India’s rapidly expanding exhibition infrastructure sector, offering strong revenue visibility, monopolistic advantages, and long-term value creation for shareholders.
