Chennai: Cidex Trade Fairs Private Limited, an Indo-German joint venture, will be organising 14 international exhibitions in the country next year, according to Norbert Schmidt, its managing director.

He told reporters on September 12 that the company would also organise 10 international expos in the country in 2004.

Most of these expos would be held at the newly constructed HITEX exhibition grounds at Hyderabad, where the Andhra Pradesh government had offered the infrastructure facilities at a "unbelievably cheap prices", he said.

The company would become the sole representative of the German exhibition organising giants Messe Dusseldorf GmbH in India from April 2003 and would be the single window entity for all outbound formalities for exhibitors from India to showcase their products abroad, he said.

The company, which began its operations in January 2001, had incurred a loss of Rs 7 million in the first 15 months of its operations. However, the company was expected to break even in the current financial year with a turn over Rs 144 million against Rs 53 million for the last fiscal, he said.

PTI