The Karnataka Government has recently unveiled a new industrial policy to attract investment in various sectors. The new policy from 2014 to 2019 has outlined an array of measures to improve the industrial climate and address issues of regional imbalance and social justice by offering attractive incentives and concessions to investors in backward regions. It…
Manjushree Technopack, a leading PET bottle & preform manufacturer, is looking at consolidating its global operations by setting up its first office in the Middle- East following new business opportunities emerging in the industry landscape. The company is already exporting to the Gulf region, Thailand and Africa. Another expansion at Manjushree is the commissioning of…
The sales turnover of the Indian packaging industry is expected to reach $ 43.7 billion by 2016, revealed a recent analysis by Indian Institute of Packaging (IIP). “The total turnover of the packaging industry in India at present is $ 27.6 billion and expected to grow to around USD 43.7 billion by 2016, whereas the…
Global packaging company MeadWestvaco (MWV) has signed a Memorandum of Understanding (MoU) with the Gujarat government to invest INR 10bn ($183m) over the next three to four years. The latest investment will be used to expand the company’s production facility acquired as part of acquisition of Ruby Macons in November 2012. Besides purchase of the…
