IndiaMART Launches Trade Show Participation Initiative
Released on: March 3, 2008, 9:51 pm
Press Release Author: Arun Tyagi
Industry: Internet & Online
Press Release Summary: India\'s largest Machine Tools Exhibition, IndiaMART AMTEX inaugurated with huge fanfare on 23rd February 2008 at Pragati Maidan, New Delhi.
Press Release Body: The International Exposition for the Machine Tool and Engineering Segment.
IndiaMART\'s official B2B Trade Show Entry.
IndiaMART gearing ahead for major trade shows in 2008.
New Delhi, February 23, 2008 - After stupendous success of Sourcing Guides in international markets, India's largest B2B marketplace IndiaMART.com has launched another path breaking initiative to take Indian manufacturers and suppliers to a next level. IndiaMART has joined hands with Triune Exhibitors to bring synergies from online and off-line space together. As part of the initiative, India's largest machine tool exhibition, AMTEX is re-christened as IndiaMART AMTEX. The alliance is meant to provide extended reach and more footfalls to the event as the event is being marketed to more than 5 lakh members of IndiaMART. Manufacturers and suppliers would also benefit through enhanced exposure to buyers.
IndiaMART AMTEX inaugurated on 23 February 2008 at Pragati Maidan, New Delhi, is attracting close to 5000 visitors everyday as it is being held along with three other trade fairs on Rubber, Media and Lighting. This five day event from 23-27th February 2008, spreaded across 15000 square meters, has completely focused to showcase the latest trends, technologies, innovations, products and services from Machine Tools and Engineering Industry. With a total of 1000 stalls, the projected range of business visitors may count to 28,000. Apart from India, 80% stalls have been booked by companies from abroad. Indian companies are ready to witness a great amount of exposure to International clients from countries like Germany, Taiwan, China, Singapore, USA, UK and many more.
This grand event which is organized after every two years is in its fifth edition. Historically, it has been organized in Bangalore but this time it is held in Delhi as north India is full of machine tool manufactures and no similar fair of this scale is being organized in the region. "IndiaMART AMTEX 2008 is an open-access doorway to the global marketplace. Our alliance with IndiaMART has indubitably extended the reach of this event. We hope to give IndiaMART AMTEX 2008 a grand success and high B2B opportunities for Indian suppliers," says Cyril Pereira, Managing Director, Triune Exhibitors Pvt. Ltd.
IndiaMART promises a great future to Indian Suppliers through Trade Fair Participation as the suppliers on IndiaMART.com would get more exposure to international clients and access to decision makers directly. "We are delighted that we are part of IndiaMART AMTEX 2008. IndiaMART has been giving us opportunities at various levels. Be it online space, Sourcing Guide or IndiaMART AMTEX, we have been give many ways to establish global partnerships. We wish IndiaMART\'s new venture of Trade Show Participation all the success," said Mr Avinash Saxena, a visitor to the IndiaMART stall.
Committing tremendous growth for Indian suppliers and justifying their existence by meeting the objectives, IndiaMART has also partnered for Amtex 2010. "We have come a long way by participating in various domestic and International Trade Fairs in 2007 and 2008. Now, IndiaMART is all set to develop itself and create opportunities for Indian suppliers through this splendid channel." says Lalit Masta from IndiaMART.
About IndiaMART IndiaMART is the largest online B2B marketplace bringing Indian suppliers and international buyers together. Established in 1996, IndiaMART is an ISO certified company with state-of-the-art web-development centre which is one of the largest in the world. With 900 employees and a network of 29 offices pan-India, IndiaMART offers value service to its 500,000 members and over 5 million global buyers.
With last financial year revenues at US$ 7 million the company has grown at over 50% CAGR for the last 5 years. IndiaMART.com has been profitable all through the eleven years of its operations. IndiaMART's online success has been widely acknowledged by media such as CNBC, BBC, Business Money, CNN, Businessworld, Economic Times, Financial Express etc. Amongst its investors stands tall the Bennett, Coleman & Co. Ltd. (Times of India Group), India's largest print media group that has made a strategic investment in IndiaMART.com in 2006.
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