SME Times is powered by   
Search News
Just in:   • Sanjeev Kapoor Honored the Field of Food and Hospitality  • Hotel Sangeetha, Chennai, Issues a Clarification on Food Pricing  • 'India can become second largest market for robotic surgery'  • Firefox Organises EverydayAbility Paramotoring Event  • Equities close marginally in the green; IT, banks cap gains 
Last updated: 21 Mar, 2017  

Logistics generic THMB Packaging market expected to reach $32 bn by 2020

Logistics.Resize.jpg
   Top Stories
» NSE's IISL launches SME Emerge index
» GST still have some teething troubles: EPCES
» Corporate hiring to be slow till fiscal-end: ASSOCHAM
» GES to create congenial ecosystem for startups: NITI Aayog CEO
» Aadi Mahotsav to promote Tribal Economy: Minister
SME Times News Bureau | 21 Mar, 2017
The Indian packaging market is expected to reach $32 billion by 2020, said N.C Saha, Director, Indian Institute of Packaging (IIP).

The Indian packaging industry constitutes about 4 per cent of the global packaging industry. The per capita packaging consumption in India is quite low at 8.7 kg, compared to countries like Germany and Taiwan where it is 42 kg and 19 kg respectively, Saha told reporters here on Monday.

However, organised retail and boom in e-commerce, which offer huge potential for future growth of retailing, is giving a boost to the packaging sector.

Saha announced that IIP, an autonomous body under the Ministry of Commerce and Industry, will organise a two-day conference on "Inno vision in packaging" here on March 23-24.

He said the objective of the conference was to update on the worldwide innovations in packaging and to discuss improving standards in packaging materials, technologies, techniques and packaging machines.

The two-day meet will be attended by over 300 delegates, including some from countries like the US, Britain, Germany and Switzerland.

IIP is planning to expand its operations. Three centres in Bengaluru, Guwahati and Kakinada in Andhra Pradesh will be fully functional in next one to two years.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 21 Nov, 2017
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» GST: Course correction(14)
» Starting an import export business: Basic guide for beginners(13)
» GST Council removes 178 items from 28% slab, only 50 left(6)
» Economic growth not possible without manufacturing: NITI Aayog CEO(1)
» Job creation: Labour ministry meets experts for solution(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter