Category Archives: Industry

The Market for Elevators in India

Posted By Admin OnJuly 21, 2022

The Indian elevator market grew extremely well between 2000 and 2010, clocking an average 13 to 14% per annum growth. The growth moderated to about 10% per annum till 2016 and slowed down thereafter, along with the B&C sector. The elevator market in India grew from around 40,000 elevators in 2010-11 to 78,700 units in 2019-20 and owing to the pandemic it witnessed a decline to 65,100 elevators in 2020-21. Western region continues to be […]

Wiring harness industry in India

Posted By Team MCG OnDecember 5, 2016

Wiring harness is essentially the nervous system in electrical/ electronic circuits and finds varied applications ranging across automotive, consumer durables and other electronic devices. The domestic wiring harness industry has expanded over the recent years backed by the growth of India as a global automotive manufacturing hub. Wiring harness manufacturers work closely with the OEMs to develop harness systems for various vehicle models and variants.The availability of skilled labour at relatively lower costs is […]

The Market for Rigid Plastic Packaging in India (for Consumer Markets)

Posted By Team MCG OnMarch 1, 2016

The market for rigid plastic packaging in India has grown well in the recent years and stood at about INR 184 billion equating to a volume of 1.6 million tonnes in 2015-16. The market is expected to grow at an annual growth of around 13.5% during the next five years. Northern region is by far the largest market for rigid plastics packaging and accounts for a share of 35%, followed by West at 32%. […]

The Market for Flexible Packaging in India (for Consumer Markets)

Posted By Team MCG OnJanuary 7, 2016

Flexible packaging is a versatile packaging substrate that offers cost effective solutions to protect and extend shelf life of a wide range of food, non-food and beverage products. Flexible packaging comprises single/ composite layer of plastic film, paper and aluminium foil that maximises the protective properties.Flexible packaging, with its low cost & durability proposition, has been instrumental in opening up the rural markets in India to a wide range of consumer products from the organised […]