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Union Minister Piyush Goyal hails India Expo Mart, says India should take a lead in the MICE industry

Greater Noida, 21st June: Union Minister for Commerce and Industry Piyush Goyal on Monday hailed India Expo Mart as an emerging MICE (meetings, incentives, conferences and exhibitions) hub, being only one of its kind independently profit-making exhibition centre.

The Minister also said the there should be more MICE centres in the country and globally India should take a lead in the MICE industry.

Goyal was speaking at the inauguration of India International Garment Fair, organized by and India Fashion, Jewellry and Accessories Show (IFJAS) organized by Export Promotion Council for Handicrafts.

During the inauguration, former MoS for Civil Aviation, Culture and Tourism and M.P Gautam Buddh Nagar Dr. Mahesh Sharma also hailed the mart as ‘the happening place’ which hosts many of prominent events and exhibitions including Indian Handicrafts and Gifts Fair, Elecrama and Auto Expo.

India Expo Mart, the fourth-largest integrated exhibitions and conventions venue, recently received SEBI’s to raise funds through an initial public offering (IPO).

The net proceeds from the IPO will be utilised towards funding capital expenditure requirements, expansion of existing infrastructure facilities, repayment/ prepayment of borrowings and general corporate purposes.

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