The past few years have not been particularly good for several businesses but there was cautious optimism that 2020 would change that. Change it did…in an unprecedented way. Beginning 2020, the world has been under the vicious grip of a pandemic, COVID-19. Never has one witnessed such times…and hopefully would never do in future. It is unimaginable to see the world under a lockdown, people cooped up in their homes, ofces, factories and industries shut, people jobless and stranded, roads and shops empty, economies stretched and bruised…all because of a dreaded virus. But as they say tough times never last…all nations are battling the virus and emerging into a whole new world and a whole new way of life. Nations have joined together in their efforts to win the battle against the pandemic. New business models have emerged, new ways of working have been devised and people have learnt new ways of working, remaining safe and healthy. There has been a strong realization amongst all of us that in our quest for growth we can no longer abuse nature. This fair could not be better timed. While it provides an opportunity for companies who have been quick at responding to the pandemic by diversifying their businesses in providing solutions for battling the disease, it also affords businesses and institutions to be exposed to a wide variety of innovative products and solutions to remodel their enterprises so as to continue working in a safer and healthier environment.
A Healthy India is a Stronger India
- Indian PPE Market expected to reach USD 1 billion.
- Domestic demand includes protective eye, face and body gear
- High demand also for raw materials, machinery & equipment, diagnostic devices, sanitisation supplies & equipment
- India is now the world’s second largest PPE manufacturer
- 600 Indian companies manufacturing & supplying PPE gear
- High demand also for VTM, RNA extraction kits, RTPCR kits and ventilators
- Booming hand sanitiser market grew 53% in February 2020 versus an average growth of 11%
Global & Regional Demand
- The World Health Organization (WHO) has estimated requirement for 89 million medical masks per month with 76 million examination gloves and 1.6 million medical goggles
- With a population of 1.8 billion, South Asia has domestic demand but needs value chains intact to keep supplies from drying