Rachnoutsav Events Academy, a Hyderabad-based event management training, wedding design and planning institute promoted by Rachnoutsav Events Private Limited, is planning to invest Rs 70 crore to set up training centres across the country in the next 10 years.
The event management market in India is currently pegged at Rs.2,000 crore, and is growing at more than 15 per cent every year. The market is expected to touch Rs 5,000 crore by 2015,
“Keeping this growth in view, we are setting up training centres to create professionals,” Sanjay Kankaria, director, Rachnoutsav Events, told media persons here on Tuesday.
Rachnoutsav Events Academy, at present, is running a training centre in Hyderabad. Five new company-owned centres will be rolled out in the next five years, while 10 more will be launched under the franchisee mode.
