‘India’s domestic flower market expected to grow to Rs 10,000 crore’
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"New challenges are emerging for India's growing floriculture industry. Even as the domestic demand for flowers is growing annually by 15-20 per cent in major cities, the export growth has struck a bumpy path," said S Jafar Naqvi, president, iFlora and chief co-coordinator, Flora Expo 2008, while talking with media persons today.
In the city to promote the forthcoming expo, which is being organised in New Delhi from September 26 to 28, Naqvi said the latest export trends available from the Directorate General of Foreign Trade under the Commerce Ministry show that floriculture export in 2007-08 was $ 83.67 million.
"It is not a small achievement that India's domestic flower and plant market, now valued at over Rs 1,000 crore is further expected to grow to Rs 10,000 crore in the future," he said.
The International Flora Expo 2008, along with third International Landscape and Gardening Expo 2008 and International Florist and Floral Art Expo 2008, is the third such expo to be held.
The main theme of the event will be to highlight the potential business and investment opportunities and to promote floriculture as a Rs 10,000 crore business opportunity and creating a million jobs.
"Thirty-two countries participated in the expo last year. So far, we have received confirmation from nine countries but expect participation of more than 30 international groups," he added.