Exhicon Events Media Solutions Limited has been declared the Winning Bidder for the development of a Convention & Exhibition Centre in Mohali, Punjab, under a Build–Operate–Transfer (BOT) Public–Private Partnership (PPP) framework with the Government of Punjab. The project represents a significant strategic step for EXHICON as it expands into long-term event infrastructure development, creating new growth opportunities and asset value for its shareholders.
Under the project structure, the Government of Punjab will provide 13.57 acres of land in the IT Parks area of Mohali, while EXHICON will undertake the design, development, operations and long-term management of the Convention & Exhibition Centre. The development will also include integrated hospitality and retail components, enabling the creation of multiple revenue streams from exhibitions, conferences, corporate events, entertainment events, hospitality and venue services.
Phase 1 of the project involves an estimated investment of ₹75 crore. The facility is planned as a modern convention and exhibition destination capable of hosting large-scale exhibitions, conferences, concerts, summits and social events, addressing the growing demand for event infrastructure in the Chandigarh–Mohali region, one of North India’s key economic corridors.
The first phase of the project is expected to be completed by October 2027. The 2027 edition of the Progressive Punjab Investors Summit, organised by the Government of Punjab, is proposed to be hosted at the Mohali Exhibition & Convention Centre in March 2027, highlighting the strategic relevance of the venue in supporting the State’s global investment outreach.
Importantly, the total project investment is proposed to be reimbursed through incentives under the ‘Invest Punjab’ initiative, significantly strengthening the financial viability of the project while enhancing potential returns and long-term value creation for EXHICON’s shareholders.
EXHICON already owns and operates a large multipurpose event venue and a dedicated corporate and live events venue in Pune, along with two of Pune’s four major golf courses, providing the company with a strong operational foundation in the events, hospitality and venue management ecosystem.
The company has also partnered with India Exposition Mart Limited to develop 24,000 sq. m. of modern exhibition halls at the India Expo Centre & Mart, Greater Noida, further expanding its role in India’s exhibition infrastructure landscape.
With the Mohali project, EXHICON continues to build a portfolio of strategic event infrastructure assets, strengthening its position as a developer and operator of convention and exhibition venues in India while creating scalable long-term revenue opportunities and asset growth for its shareholders.
Further updates on project execution timelines and development milestones will be announced in due course.