Messe Frankfurt Highlights Growth in India

June 21, 2016

Messe Frankfurt recently highlighted growth in its portfolio in India. Its subsidiary Messe Frankfurt Trade Fairs India has grown from a small office in Mumbai ten years into a company of over 100 employees managing 22 B2B trade fairs in India.

Messe Frankfurt Trade Fairs India’s portfolio now includes events such as ACMA Automechanika New Delhi, Ambiente India, Heimtextil India, Techtextil India and Light India. It has also acquired trade fairs including Automotive Engineering Show, LED Expo, Media Expo, Indian International Elevators and Escalators Expo.

The company also recently acquired Cerebral Business Research, an organiser with a portfolio of specialised conferences. This acquisition resulted in the expansion of Messe Frankfurt Trade Fairs India’s portfolio of up to 30 conferences covering telecoms, oil & gas, infrastructure, transport and logistics.

Raj Manek, Executive Director and Board Member of Messe Frankfurt Asia Holding said, “Redefining the contours of trade platforms in India, many initiatives and enhancements are planned for Messe Frankfurt’s flagship events in India in the near future. The company‘s strong growth metrics represent the efficiency and profitability of its business platforms and its dedication to provide rich trade fair experiences.”

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.