It is also possible that both players will benefit because overall exhibition market will expand, especially due to strong economic growth in India over the next several years, and improved infra and flight connectivity of Mumbai.
The Indian event and exhibition market size is expected to grow from USD 4.75 billion in 2023 to USD 8.71 billion by 2028, at a CAGR of 12.90% during the forecast period (2023-2028).
Nesco’s exhibition revenues in FY23: Rs. 1496 M or $ 18M
Reliance’s Hospitality and Entertainment division generated revenues of ₹1,323 crore (US$170 million) (exhibition revenues would only be a part of this, as they also have many hotels).
(Source: Google Bard).
We should compare these revenues to the above market size potential.
Discl.: Invested