The breadth of the Indian market development is unique.
Unlike other developing markets which seek resources almost exclusively to support manufacturing requirements for exported goods, India adds another huge dimension - domestic consumption and R&D. All of the consumer product packaging for retail, distribution, supply chain handling, food safety, etc. is required to support both internal and export demand. For companies whose expertise and market focus falls in some specific areas, the opportunity is even more identifiable.
Key areas of industry development and market focus
The generic pharmaceutical manufacturing business in India is explosive. Companies with expertise in pharma related packaging must be aggressively courting this fast growing segment.
The Indian government has identified food safety and agricultural development as key areas for sustainable growth. This includes of course packaging for processed foods, water bottling and even innovative solutions for packaging to help minimize damage and spoilage of fruits and vegetables. The agreement to allow Indian mangoes into the US is merely a fist step in the export side of this equation, and Reliance Industries Reliance Fresh initiative.