Publish Time: 2016-10-04 Origin: Site
Recent research by PCI indicates that the Indian flexible packaging market is set to grow
by over 17% per annum over the next few years compared with around 10% per annum for China.
If achieved,this impressive rate of growth will see the country broadly matching Chinese
flexible packaging demand in both per capita spend and in real terms by 2020.
Indian's rapidly growing flexible packaging demand compared with China is underpinned
by a number of factors:
The indian government is keen to provide a much more welcoming business environment
for international investors than hitherto.
The government's"make in Indian"compaign is promoted with the aim of increasing manufacturing's
share of GDP from an emerging economy.to 2.5% by 2020.
Foreign inward direct investment is clearly seen as an integral part of this strategy.