The estimated market for corporate gifts in India is over Rs 12,000 crore and is expected to grow between 8 to 12 percent annually.
Koramangala suburb and other adjoining areas of Bengaluru are the biggest emerging markets for corporate gifting considering the diverse range of leading multinationals and SMEs.
Here the market players operate on a B2B model. They are purely into procurement and retailing of gift items supported by a robust supplier and manufacturer base. The peak season is Holi, Diwali, Christmas and New Year's. Regular business comes from corporate events/promotions, gifting employees and business associates.
Palace Grounds was inspired by the Windsor Castle in England and is located in Bengaluru, a very busy and beautiful city of India. The venue holds variety of social and cultural events. There are many meeting rooms, convention halls and a large open ground that is famous for its flexibility and beauty.