Licensing experts of the world, including Tommy Hilfiger's CEO Shailesh Chaturvedi, LIMA Managing Director Kelvyn Gardner, would participate in a two-day conference starting from November 29 in New Delhi to explore the potential of the licensing industry in India.
The Brand Licensing India Conference 2008, which is being organised by Franchise India Holdings Ltd and supported by International Licensing Industry Merchandisers Association (LIMA), would focus on growth of the licensing industry in the country. "The conference will be a great platform for Indian companies to learn from Global industry professionals, to leverage best practices and knowledge in the Indian licensing industry," Franchise India Holdings President Gaurav Marya said.
The emergence of modern and more organised retail in India, estimated at USD 200 billion, has been projected to grow at five percent per annum and has set the pace for new collaborations between International licensing companies and Indian business houses. Licensing industry worldwide is estimated at USD 187 billion. Retail sales of licensed merchandise in the US and Canada in 2007 reached USD 71.25 billion and that in Western Europe has been estimated to be worth in excess of USD 26 billion.