A Bright Future
As many have observed over the last few years, these challenges are not keeping anyone away from the Indian market. Labelexpo India 2010, which took place in New Delhi, featured 150 international and local exhibitors. There were also more than 6,000 visitor’s at the show, up 27 percent from 2008. Exhibitors took notice. Gallus showed its ECS 340 granite press for the first time in India. Nilpeter also showed its FB-3300 servo press for the first time there. Xeikon introduced its new 3000 Series, Gerhardt unveiled the High Blade Flexi, and Mark Andy debuted the latest model from its Performance Series, the P3.
At the time, Jakob Landberg, sales and marketing director at Nilpeter, said: “This activity at Labelexpo India has improved considerably since the first show in 2008. The number of visitors was undoubtedly up, but more important, the quality and seniority of the attendees was very high. It is evident that the growth in India is strong and stable. Labelexpo India will become a strategic show for many exhibitors in the near future – and it already is for Nilpeter.”
Sahni, of Weldon Celloplast, added: “As visitors entered Labelexpo India 2010, good vibes were evident. The show has attained the international quality that the Labelexpo Global Series is known for. Visitor quality was superb.”
From Internet
21 April, 2012
The future of the Indian label market is certainly bright, and shows no signs of slowing down. According to Russell of Mark Andy, other industries have also taken notice. “Expansion into India is positive across a variety of industries. The growth in the international business sector in India is more than 7 percent annually. India definitely stands as an opportune place to explore business possibilities with its highly skilled, increasingly educated manpower and a budding middle class. Recently we have seen many international retail brands coming into the Indian market like Walmart, Ikea, Carrefour, etc. and we expect many more to come in the future.”
“Any growing economy would attract investments from companies that have attained specialization and finesse in their respective fields and need to expand once they find saturation creeping in their existing markets,” adds Harveer Sahni. “India provides a perfect base for investments and markets that are hungry for innovations and better products. With demand of labels growing at a rapid pace, there is space for many of those who have the technology and resources to cater to a demanding consumer oriented market.”
Roth concludes, “With a population of more than 1.2 billion people, it is a market that cannot be ignored.”
