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India: International Expo

P4 Brings the Latests Packaging Solutions to India

| Editor: Susanne Hertenberger

Mr Ginu Joseph, Vice President – Global, German Indian Plastics and Polymers (GIPP) e V
Mr Ginu Joseph, Vice President – Global, German Indian Plastics and Polymers (GIPP) e V (Source: www.gippev.org / www.p4plasticsexpo.com)

The $17 billion Packaging Industry of India constitutes around 4% of world’s Packaging Industry. Over the last 5 years, the industry has seen a 15% annual growth and the development of packaging machinery is on an upward trend. Both primary and secondary packaging has tremendously grown over the past few years.

The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country's Gross Domestic Product (GDP). The Two Wheelers segment with 81 per cent market share is the leader of the Indian Automobile market owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. The overall Passenger Vehicle (PV) segment has 13 per cent market share.

The Indian automotive market is estimated to grow at around 10-15 per cent to reach US$ 16.5 billion by 2021 from around US$ 7 billion in 2016. It has the potential to generate up to US$ 300 billion in annual revenue by 2026, create 65 million additional jobs and contribute over 12 per cent to India’s Gross Domestic Product

The Indian automobile industry has a prominent future in India. Apart from meeting the advancing domestic demands, it is penetrating the international market too. Favored with various benefits such as globally competitive auto-ancillary industry; production of steel at lowest cost; inexpensive and high skill manpower; entrenched testing and R & D centers etc., the industry provide immense investment and employment opportunities.

Promoting Technology Across the Globe

When we compare the automotive and packaging sector in Germany and India, we are yet to grow a lot, and need to focus on exchanging technology to improve our exports and get the best technology to develop the excellent product quality said Mr Ginu Joseph, Vice President – Global, German Indian Plastics and Polymers (GIPP) e V, he further added “We are supporting P4 Plastics Show, offering up to 50% subsidy to promote Indian and German Technology globally. GIPPeV will support exhibitors to expand their activities to European Sector. As Germany is the global leader in providing technology, we will make sure that we get more participation in a subsidized rate for upcoming shows”

The $17 billion Packaging Industry of India constitutes around 4% of world’s Packaging Industry. Over the last 5 years, the industry has seen a 15% annual growth and the development of packaging machinery is on an upward trend. Both primary and secondary packaging has tremendously grown over the past few years.

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