L&T Infocity-promoted HITEX Exhibition Centre has decided to host an annual India Gadget Expo on the lines of Consumer Electronics Show that happen every year at Barcelona.
The expo facility has tied up with SK Innoventures to hold the maiden event from June 19 to 22 in Hyderabad.
Besides providing free space to start-ups to showcase their mobile apps and services, the event will provide a platform to the local manufacturers to launch their gadgets.
The organisers of the event have put the market size of overall Indian consumer electronics, gadget and accessories market at $68 billion. The Indian consumer electronics spending expected to grow by about 16 per cent this year. Sales of mobile handsets were estimated to grow from $10.8 billion in 2013 to $12.6 billion in 2014, growing at 16 per cent.
The four-day event would also have seminars, networking meets and presentations. “About 60 super brands from gadgets and electronics goods from companies such as LG Electronics, Haier, Qualcomm, Panasonic, Nokia, D-Link, Gionee, Xolo and Amazon would showcase their products,” Sanjeev Kumar, Chief Executive Officer of India Gadget Expo, said.
Addressing a press conference here, he said the event would be held in April from next year onwards, marking the beginning of the financial year.
“We do have some very interesting innovations in technology, apps and gadgets by tech enthusiasts and SMEs from all over the country. But most of them do not the get the visibility they deserve. The event would provide them with a launch pad,” KV Nagendra Prasad, Chief Operating Officer of HITEX, said.
P Balaji, Vice-President and Managing Director of Nokia India, will deliver the keynote address. Eric Broganza, President of Haier Appliances too would be present.