Label industry growing . . .and still a time for worry!

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Recession hit the western world. It also in a milder way affected Indian industry. The label industry in India put up a brave front and never accepted that the downturn had hit them as it hit the label printers and industry suppliers around the world. While the economies around the world were sadly reporting recessionary trends and some actually declared that they were in a recession, Indian GDP was fortunately still growing. Thanks to a large population with a huge middleclass driving demand for consumer products. While all in the Indian label industry have felt the small or big pinch, they spoke in unison — “the demand for labels was always there.” The last few months have shown the sheer resolve of the Indian label printers, as they started to invest in both new and used presses, conveying to the nation that, “it was time to grow!” Even the industry suppliers were investing! ...cont´d

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