India’s real estate sector to cross US$1 trillion by 2030
Mumbai: In a premier international event designed to foster meaningful business relationships that transcend geographical boundaries, the LIBF EXPO will hold its first edition from January 18 to 24, 2024 at the Helipad Exhibition Centre in Gandhinagar, Gujarat.
The Expo is expected to showcase businesses from over 30 countries alongside participation of over 34 diverse sectors that include Banking & Financial services, Real Estate, Start-ups, Food and Agriculture, among others.
Vijay Karia, Director, LIBF and Chairman of Lohana Business Development Committee, said the Expo would highlight latest technology and youth involvement in business including through start-ups.
He said around 200 exhibitors and sponsors from different countries including the USA, and even the Mehtas and Madhvanis from Uganda were involved in the forthcoming LIBF EXPO, whose objective is to connect Indians to the global market while also enabling the world to tap into the Indian market.
“This Expo will help in drawing support for homegrown industries,” he said while pointing out that around 120 startups are anticipated to join the event in Gujarat. “We are self-sufficient and have not sought subsidy from the Government,” Karia said to a media question.
Mahendra Ghelani, Trustee and Advisory Committee Chairman, Shree Lohana Mahaparishad, said this Expo is being organised here on the heels of its successful “Lohana International Business Forum 2023” held in Africa, where Uganda President Yoweri Museveni had graced the event.
Ghelani said “The Africa event success emboldened us to hold this Expo for drawing the entrepreneurial class of society into business involvement.”
Subhash Thakrar, Past Chairman of the London Chamber of Commerce, said that he was visiting from the UK this international event as India has become a focus for the world.
“This event is highlighting increasing economic awareness and what India has to offer, besides focusing on possible funding, supporting startups. The event in Africa drew lots of participation from China and India needs to get into this also,” he said.
Samir Somaiya, President, Somaiya Group and Trusts, said “Many of us are members of different networks seeking to find a common cause and the Africa event was one such event that covered diverse sectors. We are into renewable energy and highlighting this at the Expo.”
Highlighting awareness about Start-ups’ successes, Satish Vithalani, President of the Lohana community, noted that the Lijjat Papad group began with investment of barely Rs 100 and is worth Rs 1,000 crores today.
“The resounding success of the LIBF 2023 ‘Africa Calling” conference in Uganda – where numerous MOUs were inked — propelled us towards this targeted platform LIBF 2024,” he said, adding “This strategic move is driven by the thriving real estate sector in India which is expected to attain a market size of US$ 1 trillion by 2030 while also contributing to 13% of the country’s GDP by 2025.”
“The exponential growth in retail, hospitality and various other sectors aligns seamlessly with LIBF Expo 2024’s mission to actively engage with businesses possessing valuable products and services, besides fostering expansion and market research,” he stated.
The EXPO is highlighting the participation of companies including: Euro Exim Bank, Vinmart, Ravin Group, Madhvani Group, Dharmadev Infrastructure Ltd, Iscon Group, besides also government bodies and top professionals and businesspersons.
