Diaspora meet may have to wait to break even
By IANSWednesday, January 7, 2009
CHENNAI - The overseas Indian affairs ministry may have to wait some years before seeing surplus from its prestigious annual event, Pravasi Bharatiya Divas (PBD).
According to a ministry official, the event costs around Rs.60 million (Rs.6 crore or $1,235,000) to host.
While income from delegate fees and rentals of stalls at exhibitions accounts for Rs.35 million (Rs.3.5 crore), there is still a shortfall of Rs.25 million (Rs.2.5 crore), the official said.
Out of about 1,500 delegates at the three-day event that began here Thursday, some 300 are invitees while the rest have paid the fee of Rs.10,000.
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