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______________________________________________________INDIAN MARKET |
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India is one of the fastest growing
economy of the World
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GDP growth pegged at 8.1 %
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Indian foreign reserves have crossed over
140 billion dollars
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India's export surged past
90 billion dollars
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The stock markets are rocking
and so is the economy
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With liberalised trade and economic policy, The Nation has achieved a higher rate of growth and accelerated the reform revolution. Advance estimate for GDP growth for 2005-06 expects the economy to grow by 8.1 %. Manufacturing Sector is said to grow at 9.4% in 2005-06 compared to 8.1 % in 2004-05. Agricultural Sector is projected to expand at 2.5 % in 2005-06 compared to 0.3% growth in 2004-05. Due to FDI in retail sectors, the Retail Sector in India is expected to grow by 20 % in the next 10 years. These developments will give a boost to all the sectors, Packaging Industry in particulars and open up tremendous opportunities in the packaging Industry.
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Indian Packaging Industry Scenario
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Indian Packaging Industry is worth Rs. 2,00,000 crores with growth rate varying from 5% in some sectors to as much as 20% in Sectors like Flexible Packaging, compared to 3% in developed countries. |
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Most of the basic raw materials needed for Packaging Industry such as Paper, Board, Plastic, Glass, Metal and others are available in abundance. |
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Packaging Machinery Sector involved in making Packaging Converting Machines, Product Packaging Machines and allied equipments have adopted modern technology are exporting the machines even to developed economies of the world. |
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Over 40% of Export is done by small and medium Sector Industries where Packaging Industry has its major presence. |
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A number of State of Art Package Converting and
Manufacturing plants have been set up in the country, some of them are exporting to developed countries. |
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