31st October, 2024

Happy Bijoya and Dussehra to all. Along with comes the best wishes for Diwali. As the celebration month has set in which is the best time of the year for our country.

Meanwhile, the continuity of our Prime Minister Shri Narendra Modi and his government was given the verdict by the people’s court for another term. The continuity of our economic juggernaut also prevails with a growth projection of about 7% for the next two financial years which is very encouraging. The country is moving towards being the third largest economy by this decade.

The corrugation box industry not be left behind has been too maintaining a growth of over 10%. And with GDP growth total industry and packaging is obviously expected to grow.

Interesting development with the growth comes mergers and acquisitions. Last year we had a major incident but now acquisition has started at our doorstep. A Bengal corrugator was acquired by another corrugator from other state. Things look interesting lets watch with keen eyes.

Achyut Chandra
President, EICMA