The Indian wedding industry which is currently estimated at Rs 55,000 crores is set to grow by 25 per cent annually giving rise to the increase in the demand for professional wedding management planners.
"Now-a-days, the average minimum budget for an upper middle-class Indian wedding ceremony is anywhere between Rs 50 lakhs to Rs 2 crores. The rich spend as much as Rs 5 to Rs 10 crores per wedding. It’s a booming Rs 55,000 crores turnover industry in India growing at 25 per cent annual growth," says PDM Wedding Management Services head Mr Aditya Motwane.
The potential for new players is huge provided they render qualitative services. "We offer services to our clients as per their budgets, and charge them the fee accordingly. On an average, a mid-sized wedding management company with an annual turnover of Rs 10 to 12 crores serves about 30 to 40 weddings per year in India," said Mr Aditya Motwane.
Courtesy : Asianage.com
"Now-a-days, the average minimum budget for an upper middle-class Indian wedding ceremony is anywhere between Rs 50 lakhs to Rs 2 crores. The rich spend as much as Rs 5 to Rs 10 crores per wedding. It’s a booming Rs 55,000 crores turnover industry in India growing at 25 per cent annual growth," says PDM Wedding Management Services head Mr Aditya Motwane.
The potential for new players is huge provided they render qualitative services. "We offer services to our clients as per their budgets, and charge them the fee accordingly. On an average, a mid-sized wedding management company with an annual turnover of Rs 10 to 12 crores serves about 30 to 40 weddings per year in India," said Mr Aditya Motwane.
Courtesy : Asianage.com