The Indian Association of Amusement Parks and Industries (IAAPI) unveiled its 15th IAAPI AMUSEMENT EXPO 2015 on 11th February 2015 Bombay Exhibition Centre, Mumbai, INDIA. Supported by the Ministry of Tourism, Government of India (Incredible India), India’s premier Amusement, Leisure and entertainment trade event, hosted over 100+ domestic and international exhibitors.
IAAPI’s 15th Amusement Expo was spread across 6000 sq.mt exhibition floor area and showcased latest innovative rides and equipment for Amusement Park, Theme Park, Water Park, Adventure Sport and Family Entertainment Centres. Also, the customers were able to experience some of the rides there! 45% exhibitors this year were international vendors seeking a platform to engage and network with India’s leading retail, real estate, and hospitality and travel sectors. IAAPI’s 15th Amusement Expo generated 2500 business enquires that is worth over Rs.75 crores hence, proved to be a successful event.
The expo witnessed big players from the amusement industry sharing their learning, innovative ideas, schemes and experiences with the participants. IAAPI Amusement Expo brought a comprehensive range of products and services offered by the amusement industry under one roof and provided an international platform to the participants to interact with the end users. They created an ideal business environment to explore new avenues of growth for all involved and provided a great exposure to international trends through its many foreign participants. They also organized a networking evening on the first day of IAAPI expo to create or act upon business opportunities. An award function was held on the second day of the expo which recognized excellence, innovation and best practice.
Industry Scenario: The Indian Amusement & Theme Park industry has been growing at a compounded annual growth rate (CAGR) of more than 17.5% with annual revenue of approx. INR 17 billion and estimated to grow to at least INR 40 billion by 2020.
Amusement parks in India attract over 30 million (3 crore) visitors annually. Children & youth visit the park either in school groups or with families and constitute 25% of park visitors. Adults constitute the remaining 75% as they either visit with their families or in corporate groups.
IAAPI works to create and sustain an environment conducive to the development of Amusement sector in India, partnering industry, government, and civil society, through advisory and consultative processes. Keeping the end users in mind, IAAPI works to influence the decision of the policy makers, investors, the society and lead in an ever growing amusement industry in India. Extending its agenda beyond business, IAAPI has been making conscious efforts in channelizing the entire industry under one umbrella and focus on promoting tourism, employment generation, safety, national integration and enabling potential investors to INVEST in this sunrise industry.
Speaking about the significance of the industry and the work done by the expo, Dr. Mahesh Sharma, Minister of State (Independent Charge) of Tourism & Culture and Minister for Aviation, Government of India, said: “I am glad that the IAAPI organized 15th Expo at Mumbai. The immense growth in amusement industry has played a crucial role in boosting our country’s economy. Amusement Parks, Theme Parks, Water Parks and Family entertainment Centers (FEC) play a vital role in promotion of tourism, providing entertainment to both inbound and domestic tourists.”
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