As the world’s second most populous country, India has unparalleled market potential. In recent years, the rapid growth of India’s economy has been favored by many people. According to statistics from the Indian government, India’s GDP in 2019 reached 2.85 trillion US dollars, surpassing the United Kingdom’s 2.83 trillion US dollars and France’s 2.74 trillion US dollars, becoming the world’s fifth largest economy. If calculated by purchase volume, India’s GDP exceeds 10 trillion US dollars, second only to China and the United States, making it the world’s third largest economy.
India’s exhibition industry is the third largest trade exhibition market in Asia, second only to China and Japan. There are 22 exhibition venues across the country, with an indoor exhibition area of 460,000 square meters and an outdoor exhibition area of 729,000 square meters. India holds more than 700 exhibitions each year, attracting more than 100,000 exhibition companies and more than 3 million visitors, of which 150,000 are from overseas. The industry classification of Indian exhibitions is highly relevant to the government’s “Make in India” plan.
(1) Packaging industry. In recent years, India’s manufacturing and retail industries have developed rapidly, attracting global attention. Accordingly, the packaging industry that provides supporting services has also become a focus of attention. The demand for packaging products mainly comes from the food processing industry and the pharmaceutical industry. Among them, food processing ranks first with a market share of 45%, followed by the pharmaceutical industry with 25%, and daily necessities, tea and coffee, and industrial products each account for 10%. At present, the output value of India’s packaging industry is about US$23 billion, with an average annual growth rate of 20%. It is expected that in the next five years, the output value of India’s packaging industry is expected to grow to US$60 billion. However, India’s per capita packaging consumption is only about US$15, while the world average is US$100. Due to the rapid growth of India’s exports in recent years, in order to adapt to the international market, higher requirements have been placed on packaging standards, which has become another factor stimulating the growth of the packaging industry, especially packaging machinery; India’s imports of packaging machinery have now exceeded US$150 million. Plastic flexible packaging occupies a primary position in India’s packaging industry.
(2) Power industry. In order to implement the government’s electric vehicle mission, the Indian Ministry of Power launched the National Electric Mobility Plan (NEMP), focusing on the construction of charging infrastructure. The government of Indian Prime Minister Narendra Modi aims to have 30% of vehicles run on electricity by 2030.
(3) Electric vehicle industry. Under the industrial policy of the Indian government, most sectors have cancelled licenses. Manufacturing and imports in the electric vehicle industry are exempt from licensing and approval. A 100% quota is given to foreign direct investment in the manufacturing of electric vehicles and components under the automatic route. In addition, manufacturers are allowed to sell their products manufactured in India through wholesale and retail.
(4) Poultry industry. Currently, the domestic poultry market in India is estimated to be over Rs 4.7 trillion, and the poultry sector is estimated to grow at an annual rate of 8% to 10%. Meat production growth is estimated to be 6.27 million tons, and aquaculture production ranks second in the world, with an estimated fish production of 8.29 million tons.
Typical exhibition introduction
1. Packaging industry
Indian Packaging and Printing Exhibition (IPAMA)
Indian Packaging Exhibition (indiapack)
Indian International Food Packaging and Beverage Exhibition (EXPRESS FOOD&HOSPITALITY)
2. New energy and power industry
Indian New Energy Exhibition (Renewable Energy India Expo)
Indian Electricity Exhibition (GRIDTECH)
India’s second largest power and energy exhibition (EL Asia)
Indian Electric Power Equipment and Technology Exhibition (ELECRAMA)
3. Electric vehicle industry
Indian New Energy Electric Vehicle Exhibition (FM EXPO)
Indian International New Energy Electric Vehicle and Accessories Exhibition (EVXP)
Indian International Electric Vehicle and New Energy Vehicle Exhibition (BV TECH EXPO INDIA)