Sunday, February 11, 2007

Bangalore: The federation of Indian Chambers of Commerce and Industry (Ficci) expects to generate revenues in excess of Rs 35 crore from Aero India 2007 - the sixth edition of the international aerospace and defence exhibition. Considering that international aviation majors had to pay more than Rs 50 lakh to the organisers for setting up infrastructure facilities such as exhibition stalls and hospitality chalets alone, the revenue figure of Rs 35 crore appears to be a very conservative figure.
For the first time, an the international aerospace and defence exposition is being organised by private parties such as Ficci and Farnborough International Limited (FIL) in association with Ministry of Defence. “We must note that as per the tender process Ficci also had to pay $3 million as a guarantee or royalty fee to the Ministry of Defence, ” Dr Amit Mitra, Secretary General, Ficci told ET.
According to Ficci, participation levels have gone up by 80%, when compared to the previous edition of the show. More than 450 exhibitors, up from 176 in 1998 are participating at Aero India 2007. The international exhibitors had to pay $480 per sqm (Rs 21,120) for the raw indoor space, $33,000 (Rs 14 lakh) for the basic hospitality chalet and anywhere between $1,500-$10,500 for aircraft display area.
10/02/07 Urvashi Jha & M. Rochan/Economic Times

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