INDIA: BRIC countries are expected to survive the downward trend occurring in other markets. In fact, recent predictions forecast India’s economy to grow 5.1% in 2009. For companies in the cosmetics and toiletries industry the news is even better. Sales in this sector grew 46% in the period between 2002-2007 and are set to continue at this rate between 2007 and 2012.
In-Cosmetics India has reported similar growth. For the 2008 event, attendance rose 65% to 2,588, according to Reed Exhibitions. Show organizers report that a number of companies have already signed up for the 2009 event, which will be held Sept. 9-10 in Mumbai.
More info: www.in-cosmeticsindia.com