India, July 1 -- Controversial arms dealer Ravinder Kumar Rishi's Vectra Investments is a major stakeholder in Central Government's mega handicrafts hub and export venture, India Expo Centre and Mart. This project spread over 58 hectares in Greater Noida with 1,800 shops was inaugurated by Prime Minister Manmohan Singh in 2006.

According to statements submitted to SEBI by Rishi's Global Vectra Helicorp, the India Exposition Mart Limited, where Rishi's Vectra Investments has a 20-per cent share, is the biggest share holder in India Expo Centre & Mart. The Government, through Export

Promotion Council for Handicrafts (EPCH) under Textile Ministry, subscribed to 9.02 per cent share in this Rishi-controlled project, which operates across the...