Friday, October 10, 2014

Indian state to offer venue subsidy

News this week: The state of Madhya Pradesh in central India is planning to offer developers a subsidy to build convention centres in a bid to improve on the state’s current MICE infrastructure.

The Madhya Pradesh Tourism Development Corporation (MPTDC) is planning to offer subsidies of up to US$1.6 million and stated that it has land banks at Sanchi, Orchha, Khajuraho and other urban centres to attract developers to invest in tourism projects including convention and exhibition centres.

In the state capital of Bhopal, the new Brilliant Convention Centre opened in 2013, which has a 2,300 m2 convention hall and a similarly sized indoor exhibition hall. According to the MPTDC, there are also plans to develop a second convention centre by the private sector.

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