Exhicon Events Media Solutions Limited has taken a significant step towards expanding its presence in the exhibition and convention sector. The company, through its wholly owned subsidiary Exhicon Global Development Private Limited, has entered into a Memorandum of Understanding (MoU) with Nashik Industries Manufacturers Association (NIMA) on October 29, 2025.

Project Overview

The MoU establishes a framework for mutual cooperation to facilitate, coordinate, and plan an International Exhibition and Convention Centre in Nashik, Maharashtra. The project, to be branded as Nashik International Exhibition Convention Centre (NIECC), aims to boost the region's capacity for hosting large-scale events and exhibitions.

Roles and Responsibilities

The agreement outlines specific roles for both parties involved:

Joint Steering Committee

Both Exhicon and NIMA have agreed to constitute a Joint Steering Committee. This committee will be responsible for reviewing milestones and guiding the implementation of the project.

Financial Implications

It's important to note that at this stage, the MoU does not entail any material financial commitment or obligation for either party. This suggests that the agreement is primarily focused on establishing the framework for cooperation, with financial details likely to be determined as the project progresses.

The collaboration between Exhicon Events Media Solutions and NIMA represents a potential opportunity for both parties to leverage their respective strengths in developing a significant infrastructure project. As the project moves forward, more details about its scope, timeline, and economic impact on the region may emerge.

Investors and stakeholders of Exhicon Events Media Solutions Limited may want to monitor future announcements for updates on this project's development and any potential impact on the company's financial outlook.

Exhicon Events Media Solutions Limited, a key player in the events industry, has announced a significant move to strengthen its position in the Middle East exhibition market. The company has signed an exclusive Memorandum of Understanding (MoU) with 10Times.com, a global leader in business event discovery and networking.

Partnership Highlights

• Exclusive Agreement: EXHICON will serve as the sole on-ground execution partner for exhibitors registered on 10Times.com's platform in the Middle East region.
• Comprehensive Services: The partnership covers a wide range of exhibition services, including stall design, fabrication, branding, logistics, manpower, lead engagement, and hospitality solutions.
• Global Reach: 10Times.com connects over 20 million users to more than 200,000 events across 150+ countries.
• Mutual Exclusivity: Both companies will remain exclusive partners for each other during the term of the MoU.

Strategic Implications

This collaboration represents a significant step for EXHICON in expanding its international footprint. By integrating 10Times' global digital platform with EXHICON's execution capabilities, the partnership creates a seamless digital-to-physical value chain for exhibitors in the Middle East.

Financial and Operational Impact

The strategic partnership is expected to have several positive outcomes for EXHICON:

EXHICON plans to make capital infusions to expand its execution capabilities in the region, underlining its commitment to this new venture.

Long-term Vision

This MoU aligns with EXHICON's core philosophy of serving its customer's customer, positioning the company as a key supporter of exhibition organizers' clients. The partnership establishes a scalable growth vertical for EXHICON, significantly expanding its exhibitor services business by combining digital lead generation with on-ground delivery capability.

As the events industry continues to evolve, particularly in the post-pandemic landscape, this strategic move by EXHICON demonstrates its adaptability and forward-thinking approach to capturing new market opportunities in the Middle East region.