After two years of deliberation, traditional offset company Silverpoint launched www.printnation.in. Three years of existence, and the e-Commerce space is seeing a 100% growth year-on-year.
Abdos, established in 1967 in East India, is a diversified group of businesses, including lamitubes, life sciences, contract manufacturing, distribution and FMCG. Its lamitube business, which received a time-tested flexo process boost in 2019, is set to fortify Abdos’ growth which is built around customer satisfaction.
Just as everyone thought the worst was behind us, a crippling second wave of Covid-19 has struck India.
In Indore most of the press owners and employees have contracted Covid-19. This has made things worse, says Swadesh Sharma of Atharva Packaging in Indore.
The vaccine drive maybe a light at the end of the tunnel, but in this Sunday Column, Sharma says, 2021 could be worse than 2020
One more blow to print
PrintWeek (PW): How have the past 12 months been in Indore?
Swadesh Sharma (SS): Not different from the rest of India. Post the lockdown last year, except for the packaging units, all commercial and publishing units were shut for two to three months. Even after re-opening, most firms have been operating at one-third capacity as compared to before.
The Indian media and entertainment (M&E) sector has de-grown by 24% to INR 1.38 trillion in 2020. It is expected to grow by 25% in 2021, to reach INR 1.73 trillion, says the recent FICCI-EY report 2021 titled ‘Playing by new rules’.
Print de-grew 36% in 2020 due to the impact of Covid-19. Digital media and online gaming were the only segments that grew in 2020, adding an aggregate of INR 26 billion. Read more .
So, what about all that talk about high growth?
The good news is that the pandemic was a sort of temporary blip and the media and entertainment sector will grow by 25% in 2021 and it will notch up Rs 1.73 trillion.
The management of New Jack Printing Press and Vyoma Graphics were contemplating to venture into the packaging space. Then the pandemic came.
“There couldn’t be a better time than this,” says Saubhagyanidhi Seksaria of New Jack. It became the moment of truth for the two companies’ diversification plan.
Read on.
As they say, it can be brutal out there. It was tough even before the pandemic, but the pandemic has made it just that much tougher. While low margins continue to haunt, and newer ways of life during and even today are the order of the day, businesses in the print sector simply can’t afford to stand still.