NOIDA, India, July 19, 2022 /PRNewswire/ — The 13th edition of CFOSE (from india International exhibition of cycling, fitness and outdoor activities) will take place from September 2 to 4, 2022 at India Expo Mart, Greater Noida, DELHI RNC. Organized by Annex Media in collaboration with NuernbergMesse India, the event is expected to set new benchmarks in the National Capital Region of India.
India It is the second largest bicycle manufacturer in the world and has been pedaling to a decade-long growth of high demand. Given the global boom in this industry, manufacturers of bicycles and related components are reorganizing supply chains to meet growing demand and make them more affordable. There are currently more than 100 international brands in India and the Industry has the potential to grow 3 times 1.3 billion dollars a 3.5 billion dollars by 2030. The future of the electric bicycle (e-bike) market in India looks promising with opportunities in the areas of travel, exercise/fitness, and recreational activities. The electric bicycle market in India was valued at $1.02 million in 2020 and is expected to double to $2.08 million by 2026, projecting a CAGR of 12.69 percent over the forecast period (2021-2026).
CFOSE is the most focused platform for the bicycle industry to network, meet new dealers and buyers, while looking at the latest trends and innovations. The event aims to create added value for the industry that is on a strong growth trajectory and is positioned to grow substantially in the coming years. ENGINEERING EXPORT PROMOTION COUNCIL INDIAtrade and investment promotion organization for the engineering sector under the auspices of the Ministry of Trade and Industry, will facilitate B2B meetings of exhibitors with foreign buyers as a business partner of CFOSE.
CFOSE will play an important role in introducing global perspectives to today’s component producing SMEs that are largely informal and unorganized, using conventional and mostly manual technology. Manufacturers still struggle to properly use cutting-edge production technology, automation and special components. The event will emerge as a meeting place where future technologies can be discussed.
The CFOSE LIFTING CURTAIN was recently carried out in the June 17, 2022 at Park Plaza Hotel, Ludhiana to discuss the future of sustainable mobility and CFOSE’s role as an industry integrator, connecting manufacturers and distributors, national and international markets, and most importantly, the entire cycling fraternity. The event was attended by industry veterans representing leading bicycle and component brands.
The occasion was graced by Mr Pradeep K AggarwalDeputy Regional Chairman, Chairman of the Bicycle Panel, Engineering Export Promotion Council, Ministry of Trade and Industry, Government of India; Mister. Gurmeet Singh KularPresident, Federation of Industrial and Business Organizations (FICO); Mister. Manjinder Singh SachdevaPresident, Bicycle Research and Development Organization; Mister. Upkar Singh Ahujapresident of the Chamber of Industrial and Commercial Companies, who addressed key issues affecting the bicycle and component industry in India and the extent of growth in this domain. while underlining from india importance in the restructured global supply chain, they also highlighted the need for the industry to invest in research and development and market awareness to drive the sector to even greater heights.
Speaking on the occasion, sonia prasharManaging Director and Chairman of the Board, NuernbergMesse India said: “CFOSE at Delhi NCR, 2022 and Ludhiana, 2023 will enable us to create a platform that is relevant, focused and will foster a community of industry leaders determined to put India on the world bike map. We are excited to bring the event to Delhi NCR for the first time, to explore a growing market and to facilitate access for pan-India and international visitors. as one of from India major exhibition organizers, we have always chosen to partner and present themes that reflect from india growth story. The bicycle industry has continued to play an important role in shaping from india mobility and is expected to assume greater importance in the coming years. Our cooperation, therefore, with Annex Media is timely and we look forward to the synergy between the two organizations boosting and driving exposure to greater heights.”
Surinder Brardirector of the Annex Media Marketing Network, is confident in the future of the bicycle industry, “CFOSE has been growing significantly in recent years, in sync with the growth of the industry and 2022 will be an important chapter for the event. Our collaboration with NuernbergMesse India will enhance the reach and impact of our exhibition and together we are sure to deliver an event on par with international standards.”
The next editions of CFOSE will be held in Greater Noida (IEML, 2 – SEPTEMBER 4, 2022) and Ludhiana (Punjab University of Agriculture, Feb 3-5, 2023).
More information about the event can be found here: https://www.cfoseindia.com
About NuernbergMesse India:
NuernbergMesse is one of the 15 largest trade fair companies in the world. Its portfolio covers around 120 national and international trade fairs and congresses at the Nuremberg location and around the world. It is the people, their ideas and products that have made NürnbergMesse a globally successful trade fair company. Every year, around 35,000 exhibitors (international share: 44%) and up to 1.5 million visitors (international share of trade visitors: 26%) take part in the NürnbergMesse Group’s own, associated and invited events, which is present with subsidiaries in Porcelain, North America, Brazil, Italy, India, Austria Y Greece (SA Forum). Worldwide, the NürnbergMesse Group has a network of around 51 representative agencies that are active in more than 116 countries. As the Indian representative of the NürnbergMesse Group, we help and support Indian companies in expanding their business to global markets and international companies to the Indian market.
Contact for exhibition:
T: +91 11 47168839
ME: [email protected]
SOURCE NuernbergMesse India Private Limited