Technology and engineering  industries driving Indian MICE and business travel growth

San Francisco, New York and London top the list of destinations for Indian business travellers, pushing hitherto second-placed Singapore to fourth place, a new Global Business Travel study has revealed.

It confirms that the USA remains the most visited country from India outside the Asia-Pacific region and the Indian industries that are driving this spurt are technology and engineering. Elyes Mrad, managing director international for American Express Global Business Travel, said: “This is a hugely exciting time for India from a business travel perspective. It is widely thought that India produces the most engineers in the world and they are of high value to many nations who need large scale support.”

New Delhi retains the top position for domestic business travel while London remains the number one destination for international business travel. London, New York and San Francisco dominate the top three destinations for international business travel outside of Asia-Pacific, as well as overall.

“Many Indian companies are growing internationally, acquiring companies and creating jobs. The nation’s thriving start-up culture is driving many innovative technologies. This is evident in Silicon Valley, where entrepreneurs of Indian origin now make up a significant percentage of the community,” elaborated Elyes Mrad.

Business travel and MICE travel from New Delhi has seen substantial growth, leveraging the strength of being the political hub and corporate hub of India. Mumbai, the financial and stock market epicentre, is a close second with the information technology centre of Bangalore and Chennai, India’s rapidly growing manufacturing base, running very close.

With more cities across the country earning the status of smart cities and labelled as special economic zones with increasing incentives for manufacturing and information technology, business parks are sprouting by the dozen and this is a key factor in the exponential growth in demand for overseas travel for meetings, incentives as well as regular business travel.