Tag: Packaging Industry

FDI in India up 29 pct after ‘Make in India’ launch: Min

FDI in India up 29 pct after ‘Make in India’ launch: Min

17/03/2016 10:15

The Indian Government has said that Foreign Direct Investment in the country has increased by 29 per cent for the 15-month period ended December last year after the launch of ‘Make in India’ initiative.

As per reports, the initiative aims at promoting India as an important investment destination and a global hub for manufacturing, design and innovation.

Commenting on the issue, Commerce and Industry Minister Nirmala Sitharaman told the media, “FDI inflow has increased 29 per cent during October 2014 to December 2015 (15 months after ‘Make in India’) compared to the 15 months period prior to the launch of this initiative.”

“During April-January 2016, the government has received 424 FDI proposals. Out these, 285 proposals have been disposed of,” he added.

The Minister further added that foreign investment in business to customer (B2C) e-commerce activities had been “opened in a calibrated manner” and entity was permitted to undertake retail trading through e-commerce under certain circumstances.

Advertisements

Plastic packaging industry to touch $73 bn by FY20: Report

19/01/2016 16:38

Growing at 18 per cent per annum, country’s plastic packaging industry is expected to reach USD 73 billion in the next four years, says a report.

The size of the industry in India is about USD 32 billion, which constitutes only 4 per cent of the global packaging industry, said the joint report by FICCI and Tata Strategic Management Group (TSMG) on plastic industry. The per capita packaging consumption in India is quite low at 4.3 kg, compared to countries like Germany and Taiwan where it is 42 kg and 19 kg, respectively, it added.

“In the coming years it is expected to grow at 18 per cent per annum…The overall packaging industry in India has a huge growth potential and is expected to reach USD 73 billion in the year 2020,” the report said.

The industry is driven by key factors like rising population, increase in income levels and changing lifestyles. Demand from rural sector for packaged products is being fuelled by increasing media penetration through the means of internet and television.

“Organised retail and boom in e-commerce will fuel growth of plastic packaging and per capita consumption to be doubled in five years,” the report observes.

India is a growing market for plastics and consumes about 12.8 million tonnes of plastics annually against the global consumption of 285 million tonnes per year.

The plastics and polymer consumption is growing at an average rate of 10 per cent. About 30,000 processing units with 1,13,000 processing machines have created manufacturing capacity of 30 million tonnes per annum in India. 

Sourced from our website: http://www.csbhouse.com
For more news and latest updates: visit http://www.csbhouse.com