UBM for industry tag for exhibition business

UK-based live media and events company UBM has said the exhibition business should be granted industry status in India.
"The exhibition sector should be given an industry status by the government. It is one of the industry which fuels the economy. It is contributing in the economy like other industries by bringing buyer and sellers," UBM India Managing Director Joji George told PTI.
He further added that the exhibition business needs public private partnership and the government should encourage it.
"The exhibition industry is ready to burst in India. We need more public and private partnership in this sector, so that we have more beautiful exhibition venues... We should join hands to fuel the economy," he added.

UBM India will continue with a year-on-year growth of 20 per cent as its verticals including exhibition and conferences were having good business.
"We are growing with a compoundable annual growth of about 20 per cent a year... Hopefully, we will see a higher growth rate, where you can surely dominate its already existing market leadership," George added.

UBM India, part of UK-based UBM plc has a current turnover of Rs 200 crore here.
It holds large exhibitions and conferences across the country every year for key sectors as pharma, jewellery, technology, energy, homeland security and nuclear energy.
Over the future of UBM India, he said: "We are doing 30 big exhibitions and that would grow up to 40 to 45 next year... We have very aggressive plans for India in terms of our growth".

The company attracts exhibitors and visitors across the world to meet their target business partner face-to-face for business matching and networking.
The company is also engaged into a region specific shows for industries as jewelery and pharma.
"The region specific shows are the future. There are opportunities there," George added.