Looking at future Creative is trying build capabilities to project themselves as solution providers. While upgrading themselves with timely investment in technology to enhance their capabilities, they are also trying support growth of flexo label industry by providing sponsorship to industry related knowledge delivering events. On the evolution of different print technologies entering the label industry, he is not worried and insists that all will grow. Market share may get divided but by the natural growth in demand, volumes will still grow and there will be enough business for all. In fact, he is confident that flexo is evolving as a substitute for other printing technologies.
Omet Label Presses
ET Packaging Summit 2020
After the announcement of demonetization in , and the GST in , the past two years have proved to be both challenging and eventful for the label industry in India. In a period of caution for label converters, many managed to stay profitable. According to Harveer Sahni of Omet, the Indian label industry has never gone below double-digit growth. According to Sahni, his company is already in talks with four or five customers for new presses to be installed in this financial year. He says that it is difficult to predict if these orders will go through as customers take some time to understand their requirements before zeroing in on a particular press manufacturer. Nevertheless, he says that he is extremely optimistic about press installations, which according to him will go up this year. He says that the value of imports is increasing every year. This year, Omet presses imported were valued at nearly Rs. Amit Ahuja shares that Multitec sold 23 label presses in FY
The printing industry is growing all over the world and so it does in India. So it remains one of the biggest and fastest-growing sectors within the country with its allied industries like Printing Machinery Manufactures, Packaging industries, Paper manufacturing, Ink manufacturing, manufactures of raw material and consumables. Concerning exports, mostly IT-related pre-press services are shifted to the English speaking world and then again large U. Fortunately even the threat of TV and Internet towards the global printing industry did not keep the Indian sector from growing. On the contrary innovations of machinery in terms of the scope, the technology and the speed in order to enhance costs were promoted. A reason for the sustainable growth among other things is the large and growing young population with an increasing literacy level, which drives the demand for consumer products eventually. This fact further drives the expansion of retail sector and therefore the demand for labels increases as well. This label industry in India is characterised by a high amount of investments.