A Government-backed British music industry trade mission will visit India this August to explore business opportunities in the world’s seventh largest economy.
The Department for International Trade (DIT) has teamed up with the Association of Independent Music (AIM), the British Phonographic Industry (BPI) and the Music Publishers Association (MPA) for a music mission to Mumbai, which will coincide with the city’s All About Music festival.
Artists, music publishers, managers, promoters, record labels, digital distribution companies, festival bookers/directors/organisers and promoters are being invited to participate.
The trip takes place from 26 – 30 August and mission registration is £120 per delegate. The application form can be downloaded here.
The deadline for applications is 26 July 2019 and funding may be available through DIT. Please inquire here.
The music industry is expanding in India with revenues rising by 24.5 percent to $156.1m in 2018, which makes it the 15th largest music market in the world.
The mission is now in its fifth year, and is designed to encourage collaboration, exploration and expansion of the British music industry in India.
The programme includes education, networking, conferences, showcases, music company site visits and additional music related activities.
Jude McArdle, membership manager, AIM says: ‘As the world’s seventh largest economy, India represents a massive untapped opportunity for some businesses looking to reach the next level and expand their offering on a global scale. The Indian music industry is already enjoying significant levels of growth, which are only set to increase in the coming years – making it the perfect time to establish a foothold in the territory.
‘The Mumbai trade mission is now in its fifth year, and has been an excellent conduit for business-building and networking in previous outings. It’s important for our members to stay connected, keep visiting and leverage what they learn.’
Chris Tams, director of independent membership and international, BPI comments: ‘The Indian music market is beginning to take off in a big way – with music trade revenues up by a quarter last year alone. The combination of highly digitally-engaged consumers, the global appeal of British artists, and our two countries’ shared cultural heritage marks the Subcontinent out as a major commercial opportunity, and this joint mission will do all that it can to help realise its full potential.’
Paul Clements, chief executive, MPA, added: ‘Working in partnership with the BPI, AIM and DIT, this trade mission to India offers MPA members a perfect opportunity to gain invaluable insights into this exciting and developing music market.
‘This mission will offer direct access to the Indian music industry, stimulating panels and networking opportunities. As Music Publishers are now increasingly operating on a multi-territory basis we are thrilled to welcome this new trade mission to our already impressive roster of international engagements.’