President's Message

2nd January, 2024

Greetings for a New year 2024.

As we are ushered in to the New Year 2024 there is a sense of optimism amongst the commercial world. On behalf of my committee, I wish all our members and every Indian a great New Year. The country is headed for another Lok Sabha polls shortly and the whole world is looking forward with great interest to the results.

The countryís economic juggernaut is moving forward to reach the 3rd position in World GDP in couple of years. Not to be undone our corrugated box industry too throwing up some great surprises in the last concluded year.

It was first time in history of the industry an Indian has been appointed as the Vice Chairman of the International Corrugated Case association in their Global summit held at Banff, Alberta, Canada in June, 2023. Sri M. L. Agarwal former President, FCBM was honored so. He is now slated to take over the Chairmanship in the next Global Summit to be held between May 19 to 22, 2025 at the Royal Hotel, Osaka, Japan. Further India is awarded to be the host for the Global summit between January 28 to 30, 2027 for the first time. This is a big honor for the country.

The other exciting news is the new phenomena big industry houses entering the business of corrugated boxes which has been a totally MSME sector since inception. First JK Paper has acquired Horizon Packs Private Ltd and Securipax Packaging Private Ltd in phases for about Rs 578 crore one of the biggest corrugators of the country.

The other surprise was a move two industry leaders, Velvin Group - a leading manufacturer of Paper based sustainable packaging solutions company in India and Rengo Co., Ltd., Japan have officially announced their strategic joint venture. This looks exiting letís look forward to some more big happenings for our industry in this new year 2024.

Achyut Chandra
President, EICMA