Sunday, September 6, 2009
Indian event management industry
The current size of the event management industry in India is about Rs 800 crore.
This industry caters to events in four broad categories: Leisure, cultural, personal and organisational.
At present, the industry is at a nascent stage and extremely unorganised, comprising mainly homemakers and self-employed businessmen.
Rising household as well as company incomes, growing number of corporate awards and conferences, television and sports events, reality shows and so on are helping this sector grow.
With rising incomes, people are also spending more on weddings, parties and other personal functions.
Few institutes offer specialised training for this industry, but with growing awareness on the opportunities, the number is likely to grow.