
Event Management is a multi-crore industry with mega shows and events
hosted regularly. In India personal functions like marriages and
birthday parties have become important social matters, and have
to be professionally managed. The growth of sophisticated and mega
companies have brought forth a spurt of meetings, seminars, exhibitions,
conferences, product launches with everything being a matter of
class and style. Then comes the innumerable celebrity shows, international
artists shows, shows for a cause, road shows, competitions, that
India has seen of late.
More
than 2000 companies have forayed into events. The early 90s has seen
events spend at a mere 20 crores but now it has increased to over
2000 crores. Growth is therefore 200% annually. The FICCI has estimated
event management to be a 2000 crore industry by 2009. But surprisingly,
research showed that there was no formalized education to teach
event management and Companies found their executives not up to
the mark to handle events. It was not so easy to train because event
management includes organizational skills, technical knowledge,
P.R., marketing, advertising, catering, logistics, decor, glamour
identity, human relations, study of law and licenses, risk managements,
budgeting, study of allied like television and other medias and
several other areas.
The
Present Scenario is extremely positive and this is the right time
to open small & medium sized Event Companies. NIEM students
are taught how to form an Event Company and many of them have successfully
done it.
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