News this week: Reed Elsevier’s
subsidiary, Reed Exhibitions,
has signed a joint venture agreement with Services
International. The new
joint venture, Reed SI Exhibitions, will be based in New Delhi.
Services
International is an organiser of events for the fire and safety industry in
India. The new JV will take over the portfolio of fire and safety events
organised by both partners and expand its India footprint. According to Reed,
the fire safety equipment market in India is expected to grow at an annual rate
of 20% reaching US$4.26 billion by 2017.
Jaideep Gurwara and Sandeep Gurwara, founders and owners of Services International said: “This represents an exciting new chapter for the fire and safety communities in India. The combination of our local expertise and network and Reed Exhibitions’ global connections and collaboration possibilities with similar events around the world, promises a very strong and bright future for this new venture.”
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