Ludhiana: A common facility centre for printing industry is in offing with Modern Printing and Packaging Forum waiting for the procurement and install.
LUDHIANA: In a big setback for the printing and packaging industry, the rates of raw material have increased manifold, causing huge problems to the manufacturers here.
According to the businessmen, a major dampener for them right now is the rising rates of kraft paper a key component for this industry and if the government does not take measures at the earliest to rein in its prices, the results will be disastrous for Ludhiana s printing and packaging units.
A statement from the leading body of printers and packaging businessmen, Offset Printers’ Association (OPA), reads, Apart from the Covid-related challenges, the printing industry is now facing the twin blows of four price hikes in kraft paper in a short span of two months and substantial increases in the cost of other input … the unprecedented escalation of price of kraft paper by the paper mills is (proving to be) a major hurdle, while the consuming industries are not willing to pass on the cost and make their business