DATE: 20 July, 2012
India – Reed Exhibitions, part of the FTSE listed Reed Elsevier Group signed a joint venture agreement with Manch Communications, last month to form Reed Manch Exhibitions based in New Delhi.
Manch Communications is the leading organiser of warehousing and logistics related events in India. In addition to the existing warehousing and transport & logistics events currently organized and managed by both partners, Reed Manch Exhibitions will grow a portfolio of B2B trade shows dedicated to the warehousing, cold storage, transport & logistics and materials
handling industries fitting the needs of these rapidly developing sectors of the Indian economy. This marriage of leaders will create a portfolio of the largest events in this sector.
Compared to other emerging markets India has a highly attractive logistics market due to its size of economy and long term growth forecast. The logistics market in India is estimated at $125bn and the sector is expected to grow at 15 percent per annum. These growth drivers are fuelled by a growing Indian economy, government support, infrastructure and need for logistics solutions.
The timely joint venture will help address the issues faced by a burgeoning retail sector and give the efficiency of the Indian supply chain industry a much needed boost.
Mr Dan Londero, Reed Exhibitions’ Regional President commented: “We are delighted to have forged this partnership with Manch Communications. We are confident the synergistic competencies of each partner will enable Reed Manch Exhibitions to deliver effective business platforms for these growing industries. Reed’s global expertise in this sector and extensive sales
networks across Asia, Europe, the Middle East and the US will be leveraged so as to strengthen the international content of the events.”
Anuj Mathur and Kiran Mittal, founders & owners of Manch Communications added: “This represents an exciting new chapter for the warehousing & logistics communities in India. The combination of our local expertise and network and Reed Exhibitions’ global connections and collaboration possibilities with similar events around the world, promises a very strong and
bright future for this new venture. We look forward to developing and taking this partnership to its full potential’.
For any queries, please contact:
Siddharth Narain | +91-9971600355