SMI calls Labelexpo India a grand success, celebrates 25 years of existence

SMI stand up at Labelexpo India 2018

For Republic of india's leading label stock manufacturer, SMI Coated Products, the recently ended Labelexpo India 2022 was a tremendous success with the company receiving a very encouraging response from the industry.

"We accept been participating in Labelexpo India for a long time and for the states this is the all-time Labelexpo India always. The number of people who have visited and the quality of visitors have been slap-up. The way people are looking at investing is just fantastic," said Ajay Mehta, managing director of SMI Coated Products on the last day of the show.

When asked about the reason for such a great response from the industry, Mehta said it was hard to pinpoint specifics, merely credit should go to demonetization and implementation of GST.

"Because of demonetization, the coin that was lying in unproductive assets is now moving into productive avails. GST is as well a contributory factor. When both demonetization and GST happened in a quick succession, people were not able to understand what the benefits would be. I retrieve people are now seeing the benefits," Mehta argued.

Takeaways from Labelexpo

Having met a variety of manufacture stakeholders over the 3-and-a-half days, Mehta was able to pick up some clear trends that were unfolding in the Indian label industry.

"There are ii articulate trends that are evolving in the industry. Kickoff is that in that location are a lot of convertors now looking at hybrid presses and the 2nd is that in that location is a lot of buzz about security solutions," he said.

Some other trends he talked about is that of greater automation, focus on waste product reduction, decrease in run lengths and focus on digital presses.

Talking near adoption of digital label presses in India, Mehta said that equally the market grows demand for those presses will also go up. Citing some examples of developed markets, he said that the size of the characterization industry in these markets is very large and that is where digital label presses take been very successful.

All the same, he said rather than looking at digital technology just from the short-run point of view, Indian convertors would do well to retrieve of the technology as an enabler to offer innovative and unique labelling solutions. "This approach is what will be a key driver for growth of digital technology in the Indian label industry," he added.

SMI's 25 ^th year celebration

At Labelexpo India 2018, an important theme at SMI'southward stand up was celebration of company's 25 years of existence. The company will exist organizing a part of two February 2022 to commemorate the milestone.

"We will showcase our factory, our system of working and hopefully this will inspire others to make in India. In fact, I should say that the function will be to showcase the whole concept of Brand in Bharat rather than only SMI," Mehta concluded.

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Source: https://packagingsouthasia.com/type-of-packaging/labels/smi-calls-labelexpo-india-a-grand-success-celebrates-25-years-of-existence/

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