The Indian economy and packaging growth

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The Indian economy has had a good run of GDP growth for the last five years, that is, since the 2003-04 financial year. The packaging industry was ready for this growth and it has prospered in these years as well as added considerable capacity. In the flexible packaging industry, major players such as Jindal Polyfilms, Cosmo Films, Polyplex and Uflex have not only added capacity to manufacture films and laminates but have also become global players by setting up manufacturing capacity outside the country. Jindal Polyfilm acquired the French company Rexor in France 2003, while the recently inaugurated Uflex plant in Dubai, as well as its plant under construction in Mexico are organic expansions. So are the Polyplex plants in Turkey and Thailand. ...cont´d

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