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HITEX UPDATES
April 2024
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Cheers to an Encouraging Start
For HITEX, the last fiscal was not just successful but also highly enriching and encouraging. And with the Events and Exhibitions industry regaining traction, the 2024-2025 fiscal also holds immense potential. As per the 32nd edition of UFI’s flagship Global Exhibition Barometer research, revenues for 2024 for the industry are expected to reach 115 percent on average globally.
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A Penny Saved is Two Pennies Earned
Events and exhibitions have become an integral part of today’s ever-changing world, where we see major initiatives such as ‘Vision India@2047’ and widespread implementation of globalization. In this current dynamic events and exhibition industry, meticulous budget planning is a Must, to stay afloat and successful. HITEX’s commitment to excellence and cost-effective solutions makes it a trusted partner in the industry.
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EFTA’s US$ 100 Billion Windfall for India’s Growth
Under a forthcoming free trade agreement (FTA), the European Free Trade Association (EFTA) has committed to investing a substantial US$ 100 billion in India over the next 15 years. India’s heavy dependence on Chinese imports, especially in critical sectors like chemicals and pharmaceuticals, has long raised concerns for strategic and economic reasons. This agreement aims to diversify India’s imports in key sectors.
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Elevating Women’s Healthcare Frontier
The 66th All India Congress of Obstetrics and Gynaecology (AICOG), held on January 6-10, 2024, at Hyderabad’s International Convention Centre (HICC) and Hyderabad International Exhibition Centre (HITEX), left an indelible mark as a groundbreaking event in women’s healthcare. The conference Managed by Meety Event Pvt Ltd and hosted by Federation of Obstetric and Gynaecological Societies of India (FOGSI), and OGSH, brought together healthcare professionals under one roof.
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Celebrating Agricultural Progress
The KISAN Agri Show 2024 was held from February 1-3 at the HITEX Exhibition & Convention Centre in Hyderabad. Organized by Kisan Forum Pvt Ltd, the show proved to be a resounding success, attracting a remarkable response from farmers and the agricultural industry. It reverberated with the echoes of progress and possibility for stakeholders who converged to explore the latest trends and technologies in agriculture.
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Pet Care Sector Valuations Soar
India’s pet care industry is experiencing remarkable growth, with a projected annual increase of 20 percent and an estimated value exceeding US$ 3 billion by 2025. The sector’s rapid growth is evident in valuations such as Drools Pet Food Pvt Ltd reaching US$ 600 million, attracting over US$ 170 million investment, HUFT securing US$ 37 million, Just Dogs raising US$ 7 million, and Supertails closing a significant US$ 15 million funding round.
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