Reed Exhibitions, part of the FTSE listed Reed Elsevier Group, signed a joint venture agreement on June 25 with Manch Communications to form Reed Manch Exhibitions based in New Delhi.
Manch Communications is a warehousing and logistics company in India. In addition to the existing warehousing and transport and 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 and logistics, and materials handling industries fitting the needs of these rapidly developing sectors of the Indian economy.
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 $5 billion, 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.
“We are delighted to have forged this partnership with Manch Communications,” said Dan Londero, regional president, Reed Exhibitions. “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 U.S. will be leveraged so as to strengthen the international content of the events.”
“This represents an exciting new chapter for the warehousing and logistics communities in India,” said Anuj Mathur and Kiran Mittal, founders and owners, Manch Communications. “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.”