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Tarsus announces major investment in India

Jun '07
Tarsus Group plc (Tarsus) has announced a significant investment in India's booming exhibition sector with the acquisition of a shareholding in Montgomery India Ltd (MIL), a subsidiary of London based Montgomery International Limited. For Tarsus this represents a major increase in the Group's presence in India, a market predicted to deliver sustained and strong economic growth.

Both parties have identified a number of commercial and strategic benefits arising from such a partnership, not least ensuring suitable resources are available for the long-term development of an event portfolio including a number of new trade show launches. MIL has already established a strong presence organizing events targeting India's burgeoning food and hospitality, construction and intensive animal husbandry industries.

These include IFE India, a leading exhibition for India's food, drink and hospitality industry, a market now estimated to be worth US$70 billion; Interbuild India, an exhibition focusing on the rapidly growing Indian construction industry: and VIV India, a new show specializing in the latest techniques for livestock farming and breeding in India.

Douglas Emslie, Tarsus Group Managing Director, commented: "This represents an important strategic move for Tarsus and demonstrates our commitment to expanding our portfolio in this emerging economic giant."

"The Indian economy has been experiencing unprecedented growth in recent times and we are excited by the prospects of accelerating the development of new events in addition to our existing labels presence. As an established player, MIL will be an excellent partner in achieving these future goals."

Christopher Newton, Chairman of the Montgomery Group, said: "India is an exciting market with incredible opportunities for the exhibition sector. Industrial output last month grew by more than 13% and the appetite for international products and services is huge. Montgomery International has 5 years experience of working in India and we are excited about developing a new relationship with Tarsus."

Tarsus Group plc

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