MUMBAI, INDIA – PALM Expo 2013, to be held from May 30-June 1 2013 at the Bombay Exhibition Centre here, could serve as a gateway to this booming market with an estimated buying power of more than $500 million (USD). Driven by its rapidly-growing, youthful demographics and continuing structural reform and globalization, India is poised to accelerate its economic growth rate to more than 9 percent from 2013 to 2015.
The Indian Media & Entertainment industry is anticipated to touch $25.51 billion USD by 2016. India has over 500 million people under the age of 25, and favorable demographics coupled with rising disposable income to spend on leisure and entertainment. With cumulative annual growth and the evolution of the middle class, India has witnessed an upsurge in investments by international companies, especially from US and Western Europe, who are expanding their brand in this ever-growing economy.
All of these factors have triggered the favored growth in the Pro Audio, Pro Sound, Pro Lighting, Pro AV and Music Production industries as well. The exposure to international standards of entertainment has increased the demand for high performance professional equipment.
With more than 300 new hotel projects from major international chains coupled with stadiums, amphitheatres and auditoriums to be built in next 3 to 4 years and entertainment destinations like the Kingdom of Dreams, the Indian Pro Audio, Lighting, Pro AV and Music Production industries are all set to register its multilevel growth in the coming few years.
PALM Expo’s role
Playing a crucial role in driving this growth is the PALM Expo, India’s foremost international exposition for the Pro sound, Lighting, Music production, Musical instruments and Pro AV industry. The Expo brings together creative and technical talent, trade and quality business networking and is a platform that delivers enhanced business opportunities within the Indian market.
The Expo showcases products across all categories in the pro audio, pro sound, pro AV, lighting, broadcast and music production segments, with participation from leading companies like Harman Professional, Sennheiser, Loud Technologies, Music Group, QSC, DiGiCo, TC Group, Avid, Genelec and many more. At the same time, major lighting brands like Clay Paky, Robe, Martin Professional, Zero88, SGM, PR Lighting, Avolites, DTS and others also participate with enthusiasm and zeal.
The show also boasts of world class features across its agenda that fulfils almost every expectation of the extremely diverse visitor profile. Established features like the Harman Live Arena, the PALM DJ Competition, the PALM Conference & Seminars and the PALM Open air line-array demo have witnessed staggering turnouts with quality visitors, while the new features like the Sennheiser’s Live Mixing Workshop (LMW), the Laser & lighting demo cum workshop, and the PALM Innovation Spotlight have also been well received. Another premier highlight of the show is the PALM Awards ceremony, which recognizes honours and felicitates professionals across crucial technical categories from stage, sound and lighting.
The 2012 PALM Expo had exhibitors extremely excited with the kind of turnout they witnessed. Official reports from PALM 2012 state that the show along with its co-located Musician Expo, clocked over 20,000 visitor registrations – an increase of over 25% compared to 2011.
PALM 2012 saw Harman extending its support for the third consecutive year, joining with the PALM Expo to deliver the Harman Live Arena. Like last year, the feature was a huge hit with the audiences, as it helped the musicians identify, evaluate and understand how they can enhance their audio requirements and deliver the best sound experience. Ankush Agarwal, Director Marketing & Business Development, Harman India- Professional said, “PALM Expo 2012 has yet again provided the professional audio industry the impetus and platform to highlight technologies and networking for structured growth and expansion of the professional audio industry in India. Overall, this show was a very successful show for Harman India.”
Sennheiser conducted the first-ever Live Mixing Workshop (LMW) at the PALM a major attraction of the event. The LMW struck high notes with live sound engineers. Sharmila Sahai – Managing Director of Sennheiser Electronics India Pvt Ltd, stated “The presence of so many new brands at the show and the number of visitors is a clear indicator that it has become a very important show for the Indian Professional Audio Industry. The PALM show was exceptionally good for Sennheiser India. We received very positive response to our L’Acoustic partnership announcement and our MI Sales order booking was the highest compared to any other show and any other year!”
PALM 2013 – Bigger, Better
The PALM Expo 2012 superseded all expectations. However, the organizers of the PALM Expo will continue to modernize the show and provide a state of the art experience. The 13th annual PALM Expo will be held from 30th May – 1st June 2013 at the Bombay Exhibition Centre, Mumbai, India.
More details: contact Ramesh Chetwani at [email protected] or visit www.palmexpo.in.
