Dubai Expo liabilities to be paid to service providers through FICCI

STATE TIMES NEWS

SRINAGAR: Dubai Expo 2020 was held in January 2022, in which the Department of Commerce (DoC), Ministry of Commerce and Industry, Government of India, and the Federation of Indian Chambers of Commerce (FICCI) on Thursday signed a memorandum of understanding wherein FICCI was given the responsibility of managing the Dubai Expo 2020 event, the Department of Handloom and Handicraft communicated.
The department further said that in accordance with the MoU, FICCI was given the responsibility of hiring suppliers and service providers in order to carry out the numerous activities planned for the e vent. “In addition, FICCI was tasked with maintaining a ledger of account for the costs associated with the event.”
The H&H department also informed that the event was conducted however, due to a delay in the submission of the bills by FICCI and a change of guard at JKTPO and their shifting to treasury operations caused the delay.
“The amount on account of liabilities is expected to be paid to FICCI, who in turn shall make the payments to the concerned vendors”, it added.
Moreover, the statement issued by H&H deptt reads, “With respect to remuneration, the Performance Fee is being paid in accordance with the rates notified by the Cultural Academy, J&K”. “Pertinent to mention, an amount of Rs. 17 Lacs approximately was spent on the Boarding and Lodging of these 11 artists, who were part of the cultural troupe”, the department maintained.