Wedding
Co-o-ordinator is becoming a multi- crore Industry
...
Want to know how ??
Weddings in India are becoming more and more elaborate
since the spending power of the people is increasing
with each passing day. The wedding season begins in
October which is the time for booming business for
wedding co-ordinators. Weddings today have become
a lavish affair. Even a wedding band can range anywhere
between Rs. 2000- Rs. 10000.
Today, weddings are no longer a household affair.
They are well planned, organized and well publicized
events. Wedding co-ordination agencies, specialized
stores for wedding wear, wedding magazines, beauty
parlours (exclusively for brides) are fast mushrooming
in our country. A survey conducted by a Delhi based
market research agency shows that the wedding industry
is growing at over 25 percent every year. In some
places stars like Shahrukh Khan, Karisma Kapoor were
invited but it is not feasible for everyone to do
so. Organizing a star studded event like this is a
multi crore business in itself.
Trousseau and gift packing which earlier was confined
to the family is now becoming another profession by
itself. A professional trousseau packer can charge
anywhere between Rs. 50,000 to 1 lakh for packing
again depending on the items and the material used.
Designer invitation cards, shagun envelopes, pouches,
saree bags, fruit boxes, trays for gifts etc are some
of the items required and used. Designer cards alone
can cost upto a thousand rupees (per card).
Surprisingly, the new spenders who are responsible
for the current boom are neither from royal families
nor do they belong to traditionally rich business
communities. They are all the first generation rich
who are using weddings as a showcase to flaunt their
wealth. They have the purchasing power. Some of them
are industrialists, politicians, real estate owners
and retail chain owners.
Wedding co-ordination is a business of ideas. The
driving force here is constant innovation. The more
one exploits their creativity, the better it is. The
search for the unusual has led to weddings being planned
on a particular theme. It could be on Mehfil-e-Imaam
which would take you back to the nawabi style of weddings
of Lucknow or a Chinese theme with paintings.
The most flourishing businesses are that of florists,
trousseau designers and entertainers. The splurging
of money is just a passing fad. Very soon the idea
of showing off at weddings will become passe.
Article Courtesy: Mahashweta Ghosh Roy
Business India
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