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| Name: | INDIA |
| Date: | 2008-01-10 |
 Thanks to its growing economy (8.5% of GDP) and its demography (1,095 million inhabitants, and 300 million middle class); India is emerging as a major player on the global economic scene. India’s exhibition infrastructure, in terms of venue and space availability, must be increased and modernized. Currently there are only 14 purpose-built exhibition centres providing an indoor exhibition space of 205,185sq.m. Of these only 3 have space exceeding 20,000sq.m. No exhibition centre exceeds 70,000sq.m of available indoor exhibition space. New Delhi and Mumbai alone represent 70% of the nation’s dedicated exhibition capacity. For the development of its exhibition industry, India can count on its dynamic economic centres including New Delhi, Mumbai, Bangalore, Chennai and Hyderabad. Other cities are developing their economic specialties such as Bangalore and Hyderabad for IT and Biotechnology. Today exhibition organizers are concentrating on niche areas such as machine tools, building and construction, engineering, electronics, plastics and rubber. As the economy is opening up, more products are exhibited and the need for specialized exhibitions increases. The retail marketing sector is also a new trend in the trade fair industry in India. The exhibition market in India has a promising future and is destined to grow. The policy of the Indian government and its bureaucracy is slowly changing, allowing private stakeholders and the foreign investors to invest and develop business more easily. With the Indian economy progressing at a rate over 8% per annum, and the help of the government and the participation of the private sector, India is on the right track to boosting its exhibition industry. |
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