Apex body of exhibiting and trade show industry, Indian Exhibitions Industry Association (IEIA), on Sunday sought an economic package from the government, saying the sector has suffered a loss of Rs 3,570 crore due to cancelled events on account of coronavirus pandemic.
The impact of COVID-19 outbreak on exhibiting and trade show industry has been unprecedented with multiple global and national events being postponed or cancelled in the country, IEIA said in a statement. “...In last few weeks more than 90 shows have been reported to be either postponed or cancelled due to COVID-19 during the time-period, summing up to approximately 15 per cent of the total events conducted annually in the organised sector, with a resultant estimated loss of Rs 3,570 crore for the entire sector and this may increase if COVID-19 crisis lingers on,” IEIA President S Balasubramanian said.