MAPIC India 2024 decodes the new retail code
September 19th, 2024: In dia, the world’s fastest-growing economy with a rapidly expanding luxury market, is witnessing a surge in affluent individuals seeking exclusive experiences. MAPIC India 2024 brings together leaders from retail, real estate, and technology for its flagship show at Jio World Convention Centre Mumbai between 18th -19th September 2024. As entrepreneurs and dealmakers continue to enter the luxury segment, industries such as fashion, hospitality, real estate, and experiential offerings are thriving. The MAPIC India 2024 is set to explore these dynamic shifts, with insights from industry leaders on key growth sectors and evolving consumer mindsets, offering a deep dive into the future of luxury and retail in India.
The JLL report, launched at MAPIC India 2024, highlights the increasing importance of Indoor Amusement Centers (IACs) in India’s retail sector. Offering diverse entertainment options, these centers have become essential to retail spaces, driving footfall and enhancing customer experiences. With 6.6 million square feet currently operational across 500+ centers, the IAC market is projected to reach 11 million square feet by 2028. A notable trend is the shift towards premiumization, with larger, more expansive centers catering to growing demand for high-end entertainment.
MAPIC India 2024 is designed to address the key real estate and retail forces shaping the industry’s future.MAPIC India 2024 on the first day hosted presence of industry stalwarts like Sanjeev Jaiswal, VP and CEO, Maharashtra Housing and Area Development Authority, Niranjan Hiranandani, Chairman, Hiranandani Group, Boman Rustom Irani, Chairman & Managing Director, Rustomjee Group, and Sandeep Runwal, Managing Director, Runwal Realty. Retail insights were shared by Anuj Puri, Chairman, Anarock Retail, Eli Haddad, Managing Director, Beverly Hills Polo Club, Vineet Gautam, CEO, Bestseller India and Tushar Ved, President, Apparel Group. Global perspectives were added by Pierre Ravan, Founder, Eternal Journey, France. Notable discussions on luxury retail and mixed-use spaces involved Pushpa Bector, Senior Executive Director, DLF Retail, Tanveer Kaur Distribution and Real Estate Lead – South Asia, SWAROVSKI and Lucio Guerra, Chief Design Officer, Design International.
Speaking during the event, Mr. Umang Gupta, Country General Manager of RX India said, “India’s retail landscape is undergoing rapid transformation, driven by strong macro-economic factors such as an expanding middle class, rising millennial population, and increased urbanization. With the potential of the sector set to exceed a trillion dollars, developers, brands, and retailers are keen to tap into this burgeoning market. The 20th edition of MAPIC 2024 is set to provide a platform for key players in Indian retail and real estate to come together, exchange insights, and explore the next phase of growth. At RX India, we are committed to curating an event that showcases the best innovations, solutions, and experiences across the retail sector under one roof, setting the stage for an exciting future”
Speaking during the event Ashna Gemini Sharan, Portfolio Director of MAPIC India said “ As we celebrate the 20th edition of MAPIC India, we reflect on two decades of innovation and growth in the retail sector. This year’s theme, ‘Decoding the NEW Retail CODE,’ emphasizes the need to adapt and thrive in a fast-changing world. MAPIC India 2024 is showcasing new ideas, offer transformative experiences, and provide unparalleled networking opportunities across the retail ecosystem. With exciting additions like the Chairman’s Club and specialized zones for Retail, F&B, and Technology, this edition promises to be a turning point for the industry. We look forward to sharing these opportunities with all our partners and participants.”
The event attracted over 1000 premium delegates, 150+ speakers from 12 countries, 300+ exhibitors, 200+ retailers, and numerous sponsors, offering ample opportunities for networking, exploring new business models, and forming strategic partnerships. Mapic India also introduced the Chairman’s Club powered by GreenHonchos which is crafted to ensure that leaders have the perfect environment to connect, collaborate, and shape the future of retail in India
The MAPIC India Retail and Retail Tech Awards 2024 slated to be held on September 19th,2024; will also be a key highlight, honoring excellence across 26 categories and recognizing the pioneers and innovators setting new benchmarks in the retail sectors.
MAPIC India 2024 promises to be an essential gathering for those looking to harness the country’s retail and real estate potential, setting the stage for a future defined by innovation, resilience, and sustainable growth.
