Mumbai is considered as the ‘Mecca of Indian advertising’. But, will it lose its prominence? Report points out to such an ‘out-of-the-box’ possibility. New Delhi, the epicenter of political and industrial happenings, is now becoming the favorite destination of advertising honchos.
The presence of giant brands in Delhi provides a fertile atmosphere for its growth as a major advertising destination. Coca-Cola and Perfetii, the confectionery giant, are headquartered in Delhi. Besides, major companies like Airtel, Maruti Suzuki, Hero Honda, Samsung, LG, and Dabur make their decisions mainly from Delhi.
The report, with the help of industry estimates, indicates the amount of money spend by the advertisers in Mumbai is only marginally higher that of Delhi.
Via: Economic Times