Shares of Exhicon Event Media Solutions Limited surged by nearly 4% on Monday following the announcement of a Memorandum of Understanding (MoU) with the Government of Rajasthan to develop a state-of-the-art multipurpose convention and exhibition center. The company plans to invest ₹100 crore in this ambitious project, with construction and land identification expected to begin in 2025.
Key Details of the Venue:
- Revenue Streams:
- Event hosting and rentals.
- Exhibition booth services and sponsorships.
- Catering and food services.
- On-site advertising and ticketed events.
- Co-working spaces, technology rentals, and parking facilities.
- Sustainability initiatives featuring renewable energy practices.
- Strategic Location:
- Situated in Jaipur, the venue is poised to leverage Rajasthan’s business growth, tourism appeal, and government support for MICE (Meetings, Incentives, Conferences, and Exhibitions) activities.
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