Annual Dasara exhibition at Doddakere Maidan extended till January 8

The annual Dasara exhibition at Doddakere Maidan that had been inaugurated on October 1 and was to conclude on December 25 (Sunday) will now be on till January 8 because the Karnataka Exhibition Authority (KEA) has decided to extend it by another two weeks after exhibitors complained of losses owing to demonetisation.
Bengaluru-based Fun World and Resorts had bagged this year’s contract for 137 stalls, the entertainment zone and the food court for ₹4.11 crore but, demonetization of high value notes turned out to be bad for business.
This has been reported in thehindu.com dated 25 December 2016.

The contractor brought the matter of losses to the notice of the authorities and, the KEA decided to extend the exhibition by two more weeks. KEA will collect maintenance expenses from the contractor for the extension period and the extension will also bring in additional revenue to KEA from the gate collection and parking fees.
The exhibitors had complained that they had suffered losses of up to 30 per cent this year.
The KEA had anticipated 12.5 to 13 lakh visitors this year and expected to earn more than ₹2.5 crore from gate collection and parking fee, but it could get no more than ₹2.2 crore. Incidentally, the exhibition had a fairly good start but, the exhibitors began to feel the pinch after the Centre withdrew the ₹500 and ₹1,000 notes early in November.


Image courtesy wikimediacommons.org

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