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Wednesday, September 21, 2011

Europe and the US are ageing – wait until you see what happens in India and China



I thought this was an interesting development – 5 cities in India holding 3 day retirement events - Retirement India Expo 2011.

“This is India’s first attempt to galvanise businesses in ageing,” said Sheilu Sreenivasan, founder president, Dignity Foundation, a 16-year-old NGO specialising in productive ageing opportunities. She said the three-day event held in Chennai and Bangalore last fortnight had registered 22,000 senior citizens and 8,000 couples. The event, which will also cover Pune, Mumbai and Hyderabad till October 24, is targeting to register over 1,000,000 senior citizens.

“The 50 plus ageing population is not a spent force but offers business opportunities for various companies engaged in banking, insurance advice, investment planning, retirement living, health care and wellness, fitness, leisure and lifestyle resorts, consumable.”

She said the growing 50 plus population in the country was a big market waiting to be tapped. “After being in the senior service delivery system for 16 years, we realised the need for convenient products, mobility aids, communication aids like hearing, telephone with special amplifiers etc are essential for senior citizens to lead a comfortable life.”

Different country same messages. I wish them well with their events. Dick Stroud 

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