Even Management Companies in loss due to terrorism

The event management companies have been suffering loss due to the terror attacks in Mumbai. The New Year celebrations are the big source of income for the event management companies and a the terror attacks are set back for them.

The terrorist attack in Mumbai is the big blow on the revenue of the event management companies. These companies have been trying to keep their financial condition intact in the global slowdown but the terror attacks proved adding insult to their injuries.

January of 2008 would be the best year for these companies as they might have huge orders during the celebrations. But the beginning of New Year 2009 seems not favorable for these event management companies, at least not in Mumbai.

The country has been reeling under the pressure of the global financial crisis and other hand the terror attacks on Mumbai have brought the growing event management companies to few back steps.

There is also less scope for the event management companies as major corporates and companies have been adopting the cost cut measures. Even companies have been laying-off their staff in order to survive from the domestic and global slowdown. Hope the situation would become favorable for these event management companies.