750
+International Buyers
500
+Exhibitors
1000
+Delegates
10000
+Attendees
150
+Countries
Spread Over
28000
SQM+The 6th edition of Global Exhibition on Services, GES 2023 is being organised under the aegis of Department of Commerce, Ministry of Commerce and Industry, Government of India during 14-16 November 2023 at India Expo Centre and Mart, Greater Noida, India.
Organised by Service Export Promotion Council (SEPC) & themed “India Serves”, GES 2023 would witness participation of Senior Cabinet Ministers, Chief Ministers, Policy Makers, Thought Leaders, Industry Titans, CEOs of Indian & Global Multinationals, Innovators and hundreds of international buyers from cross spectrum of the global services industry.
In addition to the above, GES 2023 would also showcase over 500 exhibitors including Indian services sector exporters, international organisations and state governments - providing an unparalled opportunity for the global industry to collaborate & catalyse bilateral and multi-lateral trade in services!
With an aim to engage Industry and Governments across the world to promote greater exchange of trade in services between India and rest of the world, the Department of Commerce, Ministry of Commerce and Industry, Government of India, in association with SEPC
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Tourism is today one of the most important sectors of the economy. It was also one of the hardest hit sectors due to the COVID-19 pandemic. However, with mass vaccinations in India & world over, a light of recovery for the sector is finally visible at the end of the tunnel. As per the Ministry of Tourism, Government of India, the visitor traffic in India is expected to resume to pre covid levels by March 2023. India's G20 presidency & the New Delhi G20 summit would further catalyze the growth of the sector whilst opening immense new opportunities for trade. International tourist arrivals are expected to reach 30.5 million by 2028, generating over USD 50 billion in visitor exports. With Government of India's continued focus on developing tourism infrastructure, facilities & support services, the travel and tourism industry's contribution to the GDP is expected to reach USD 512 billion by 2028.
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The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is expected to reach USD 54 billion by 2026. Extremely high rates of digital adoption, rapid developments in online platforms, affordable subscription packages and high-speed internet connectivity have been the key growth drivers of this champion sector. With global focus shifting to India as the preferred content creator, the Indian music industry is expected to reach US$ 366 million by 2024, the Indian mobile gaming market is expected to reach US$ 7 billion in 2025 and with over 600 million Indians consuming short-form videos, India's OTT video services market is likely to post a CAGR of 29.52% to reach US$ 5.12 billion by FY26. Proving its resilience to the world, the Indian M&E industry is thus on the cusp of a strong phase of growth, powered by exponential consumer demand for content and a billion plus smartphone users.
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Construction and Related Engineering Services market is projected to witness a substantial revenue rise in the next few years with expenditure in the infrastructure development expected to increase in line with the UN SDG's 2030. The demographic trends shall also remain key growth drivers of industry. The global population is expected to grow to 10B by 2050, and 70% of these people will live in cities. With the rapid urbanization worldwide, the market is projected to witness a substantial revenue rise in the next few years.
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India has one of the largest higher education systems in the world, behind only China and the United States, and emphasis on higher education in India has grown significantly in the past two decades. The education sector in India was estimated to be worth US$ 117 billion in FY20 and is expected to reach US$ 225 billion by FY25 and is expected to grow by 38% in the next 2-4 years. The country has a huge potential to attract more foreign students by falling in line with the global best practices such has a foreign faculty or a subject matter expert on the panel for perceived benefits of pedagogy of international standards, allowing students to work on study visa for them to earn while they learn.
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The rising concerns over the ozone layer depletion and global warming has forced the governments in the developed and the developing countries to impose strict regulations pertaining to carbon emission. Environment consulting is also one of the emerging environment services that accounts for huge revenues worldwide. Environment Management, Compliance And Due Diligence Global Market Estimated To Grow At 16% Rate. The Global Environmental Consulting Services Market was valued at USD 36 billion in 2019 and is expected to grow at around 4 % by the year 2022.
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The accounting and auditing services as a business is largely accelerating due to increased demand for expertise on accounting standards that is compelling enterprises to take services of external accounting and auditing services providers.Specially the tax compliance and audit service segments companies have the majority share in given category. Stringent audit- related regulations and frequent outsourcing of the services by various sectors have promoted the category growth around the globe. According to Research and Markets.com, the global accounting services market reached a value of nearly USD 574.4 billion in 2019, having grown at a compound annual growth rate (CAGR) of 5.7 percent since 2015.
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Information & Information Technology enabled services revenue reached $194 billion in 2020-21, adding 138,000 employees during the same period, noted the economic survey report. Computer services comprised 49% of total services exports in the first half of fiscal 2022 and reported strong growth due to increasing demand for digital support, cloud services and infrastructure modernisation owing to the requirements of the new normal. Moreover the Government is now also looking forward to allowing all the employees of Special Economic Zones to work from home as against the current limit of not more than 50% to boost the productivity in the sector.
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The global legal process outsourcing market size was valued at USD 10.77 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 30% reaching around US$ 120 billion by 2030. This comes with the background on account of higher cost of legal services in Europe, the U.S., and the UK which will boost the LPO market demand. India has a competitive advantage in this huge market for its time differences with USA and more importantly the compatibility of India's legal framework to that of USA and also the cost reduction to the tune of 80 % as of USA.
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Every Telecom project requires a deep understanding of local issues and regulatory framework, error free installation, customer management and service deliveries.
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India's cross border trade in Transport services stood at 32.66 Bn USD, country registered a staggering 56% YoY growth in the sector. The unveiling of National Logistics Policy, by Prime Minister Narendra Modi Ji will further help in improving ease of doing business by ensuring swift, seamless movement of cargo & significantly cutting the transportation costs making the industry mor competitive. The policy is well timed with the opening of global markets post the pandemic.
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