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From BIEC Desk"India is on the move and is moving fast," said Shri Narendra Modi, Hon'ble Prime Minister of India while addressing a program at Bharat Mobility Global Expo 2024, recently. Numerous factors such as diversity and swift growth fuelled by its key industrial sectors are propelling India's economy as it bids to rise from the 5th position in the world's GDP rankings. As it makes rapid strides on the economic front, the country's exhibitions and events sector is expected to do well something which was reflected in the second half of 2023. Meanwhile, UFI in its latest Global Barometer indicates that the exhibition industry will grow to record levels in 2024 with 71% of Indian companies expecting a profit increase of more than 10% in comparison to 2019 figures. Only UAE (91%) and Saudi Arabia (80%) have more companies than India expecting a profit rise For Bangalore International Exhibition Centre (BIEC), the year 2023 was significant as it witnessed a growth trend in the size of some of the exhibitions which were bigger, better, and drew larger footfall of visitors compared to previous editions. Shows like Electronica India & Productronica India, Didac India, the India Manufacturing Show, EXCON, IMTEX FORMING, and IndiaWood were examples. As we move on to the next financial year with some exciting new events Smart Lift & Mobility World Expo 2024, IIJS Tritya, Target, etc. lined up, BIEC would be a place for exhibiting companies to throng and forge new business relationships. Events OrganizedIMTEX FORMING 2024IMTEX FORMING 2024 and concurrent Tooltech, Digital Manufacturing, and Weldexpo (held in association with the Indian Institute of Welding), organized by the Indian Machine Tool Manufacturers' Association (IMTMA), concluded with orders ranging from ₹ 500 - 550 Cr ($ 60 Mn) and enquiries ranging from ₹ 4,500 - 5,000 Cr ($ 590 Mn). The exhibition featured 625+ exhibitors and attracted a footfall of 44,779 visitors. Read More IMTEX 2024Indian Foundry Congress & IFEX 2024 is the largest trade fair and exhibition on foundry technology, equipment and supplies. IFEX 2024 was held from 2nd to 4th February 2024 at BIEC, Bengaluru. The event was an excellent platform for Indian and foreign companies to showcase their state-of-the-art technologies and services and get exposed to new business opportunities. India WoodThe 13th international trade fair for furniture production technologies, woodworking machinery, tools, fittings, accessories, raw materials and products was held from 22nd to 26th February 2024 at BIEC, Bengaluru. The exhibition organized by Nurnberg Messe provided an opportunity to meet numerous national and international decision-makers, acquire new customers and discuss key issues including digitalization, sustainability, skilling, and supply chain management as well as discover new trends, technologies and materials. Read More |
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Forthcoming Events
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Published by Indian Machine Tool Manufacturers' Association (IMTMA) Bangalore International Exhibition Centre (BIEC) 10th Mile, Tumkur Road, Dasanapura Hobli, Bengaluru - 562123 Tel: +91 80 66246600 | Email: info@biec.in | Website: www.biec.in
Copyright © 2021 BIEC. All Rights Reserved. Disclaimer: The figures shown in the Newsletter have been taken from various websites and IMTMA does not take responsibility for the accuracy of the numbers. |
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