Tarsus Group the organiser of the Labelexpo Global Series, has announced the acquisition of Mumbai-based Label Expositions, which owns the India Label Show.
The India Label Show (launched in 2002) takes place biennially and its next edition will be held in New Delhi on December 3-6 next year, under the organisation of the Labelexpo Global Series.
The group has operated in India since 2004 and has already held two successful Label Summits, in Mumbai (2006) and New Delhi (2007). A conference, presented by world leading experts including Mike Fairley, will run alongside the exhibition.
The Indian label market is growing at approximately 18 per cent per annum and is forecast to triple in size over the next five years with the rapid growth of local supermarkets and the entry into India of leading international chains such as Wal-Mart and Tesco.
India is currently the twelfth largest consumer market in the world (with a middle class estimated to be between 200 million and 350 million) and is expected to be the fifth largest by 2025.
Roger Pellow, Labelexpo managing director, says: "India is one of the world's most exciting label markets with an incredible potential. Over the past four years we have worked with all the key local and international players in the India label market and through this acquisition we hope to find even more ways of growing and supporting the industry."
Anil Arora, president of Label Expositions says, "The Labelexpo Global Series brings with it decades of experience in organizing label exhibitions and conferences around the world. The India Label Show has already established itself as the must-attend event in India and the new owners will help to support it in the next phase of its growth."