Punjab is set to strengthen its economic and business infrastructure with the approval of a Rs 250 crore exhibition-cum-convention centre in Mohali. Announced by Industries Minister Sanjeev Arora, the project will be developed over 14 acres in Sector 83 through a public-private partnership model led by Exhicon Events Media Solutions Ltd. Designed to host large-scale national and international events, the facility is expected to generate between 15,000 and 25,000 employment opportunities over the first five years. The initiative underscores Punjab’s focus on enhancing its business ecosystem, promoting investment, and positioning Mohali as a key destination for trade, exhibitions, and global conferences.

Introduction: Strengthening Punjab’s Business Infrastructure

Punjab’s push toward infrastructure-led economic growth has received a significant boost with the announcement of a state-of-the-art exhibition and convention centre in Mohali. With an investment of Rs 250 crore, the project is expected to transform the region into a major hub for business events, trade expos, and international conferences.

The initiative reflects the state government’s strategy to attract investment, create employment, and enhance Punjab’s competitiveness in hosting large-scale commercial and cultural events.

Project Overview and Development Model

1. Scale and Investment

The proposed facility will be developed over 14 acres in Sector 83, Mohali, with an estimated cost of Rs 250 crore. The centre is envisioned as a modern, multi-purpose venue equipped with world-class infrastructure to accommodate diverse events.

2. Public-Private Partnership Structure

The project will be executed through a public-private partnership (PPP) model, with Exhicon Events Media Solutions Ltd as the development partner. The concession period has been set at 15 years, ensuring operational efficiency while leveraging private sector expertise.

3. Infrastructure and Capabilities

The convention centre will feature advanced amenities capable of hosting national and international exhibitions, corporate summits, trade fairs, and cultural events. Its design focuses on scalability, technological integration, and seamless visitor experience.

Economic and Employment Impact

1. Job Creation

The project is expected to generate between 15,000 and 25,000 employment opportunities within the first five years. These jobs will span construction, operations, hospitality, logistics, and event management sectors, providing a significant boost to the local workforce.

2. Stimulating Local Economy

Large-scale events hosted at the centre will drive demand for hotels, transportation, retail, and other services. This multiplier effect is likely to enhance economic activity in Mohali and surrounding regions.

3. Attracting Investments and Tourism

The facility will position Mohali as a preferred destination for business tourism and international exhibitions, attracting investors and enterprises seeking modern infrastructure and connectivity.

Strategic Significance for Punjab

1. Enhancing Competitive Positioning

By developing world-class event infrastructure, Punjab aims to compete with other major Indian cities that host large exhibitions and conferences. The Mohali project strengthens the state’s ability to attract high-value business events.

2. Supporting Industrial Growth

The convention centre will serve as a platform for industries to showcase products, network with stakeholders, and explore market opportunities, thereby supporting industrial expansion and innovation.

3. Long-Term Economic Vision

The project aligns with Punjab’s broader vision of infrastructure-driven growth, focusing on sustainable development, job creation, and increased economic resilience.

Conclusion: A Catalyst for Regional Development

The Rs 250 crore exhibition and convention centre in Mohali represents a transformative step in Punjab’s economic strategy. By combining modern infrastructure with a robust PPP framework, the project is poised to generate employment, attract investments, and boost business tourism. As the facility becomes operational, it is expected to play a pivotal role in elevating Mohali’s status as a dynamic hub for trade and global events, contributing to the state’s long-term economic growth and competitiveness.