Gifting mkt to reach $159 mn by 2025
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Hyderabad: The decor and gifting market of India is marking its presence globally. This Indian industry is expected to emerge as the most influential sector in 2024. Citing expert comments, Sunrise Decor and Gifts said the global gifting market will witness a surge in growth and reach $475 billion by next year. The gifting brand added that in effort to access the potential of this field many Indian companies are expanding presence to cater to the global market needs.
Anupam Raina, CEO, Sunrise Decor and Gifts said, “By 2025, Indian gifting market will be worth $159 million, which is a good sign for Indian economy. Our aim is on expansion of our company nationwide and overseas. To achieve this goal we have opted for distributor and franchise model.”
Sunrise Décor is on an expansion spree in Karnataka, Andhra Pradesh, Telangana and Delhi. Recently, they opened a 4,500 sft space showcasing more than 4,000 products.
