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.