Tag: India

Packaging Industry is one of the major industries in India that has significant role in creating wealth for the nation, by preserving and protecting the value created by other manufacturing units. The industry helps in preserving innumerable products including drugs and medicines, edible oils, fruits and vegetables, milk and biscuits, semi-processed foods, electronic goods and a lot more.

Packaging Industry is not merely remained to ‘packing’ but with the branding in vogue and rising consumer preferences, it’s role has become catalytic in the Indian economy. The objective of packaging is to meet the criteria of attractiveness, convinience and safety. Heightened competition in the Indian manufacturing sector is paving the way for the industry to move towards International market. Other reasons for playing it big in export is due to availibility of low cost packaging material and higher technology means.

The present modern economy follows the slogan, “Better Quality of Life Through Better Packaging”, by World Packaging Organisation s (WPO). The growth of packaging industry has led to the sophistication from health’s point of view. This has led to the manufacturing of environmental friendly packaging materials that demands an attention to be paid on the seggregation and reutilization of synthetic packaging material.

Factors Affecting Growth of Packaging Industry in India:

1. Industrialization, urbanization and Indian economy’s liberalization paired with globalisation are the major factors fuelling its growth.
2. Cost advantages are making India one of the most preferred export hubs.
3. Rural marketing and low purchasing power of middle or lower class Indians leads to purchase of sachets or small packs. Products such as fairness cream, shampoo, toothpaste, food items, tobacco, betel nut-based mouth freshners, etc. are much in demand and this packaging format is not in trend elsewhere.
4. Increasing personal health consciousness among Indians and increasing awareness towards diseases like AIDS and other STDs, have raised the demand for contraceptives’ and disposables syringes’ usage that has led to an increase in packaging required for the same.
5. Changing eating habits among Indians and increasing restaurants and fast food chains all over the country fuelling the growth of packaging all over the country.

Here are the list of Top 10 Indian manufacturers and exporter of packaging in India:

ITC Limited
Parksons Packaging System
Hindalco
Gujarat Glass Ltd
Tata Tinplate Company of India
Moldtek Technologies Limited
E C Packaging Pvt. Ltd
Advance Packaging
AMAC Plastic Packaging
The Paper Products Limited

Purposes fulfilled by packaging industry in India:

1. Containment: Products contained in container can be easily moved from one palce to another. This helps in protecting environment by avoiding lead to spillages that results in severe losses and damages.

2. Protection and Preservation: Packaging is done to ensure that consumers get the products in good condition. Packaging protects the product from contaminants, hazardous substance, climatic effects and from infestation.

3. Added Product Protection: The technology in packaging contributes in food science advancement, reduces food spoilage percentage and ensure food safety.

4. Communication: Packaging is a mode of conveying messages in modern world. The information descripted on products’ cover make the consumers informed to decide for the products purchase and its use.

5. Convenience: Packaging offers convinience as well. Convinient packaging like frozen food packs, wine cardboard casks, microwavable containers, food cans and aseptic cartons, and easy-open beverage are some good examples. Medical packaging is done in a way to reduce the accidental overdose risk and have child resistant closures.

6. Marketing Trends: Packaging gives increased emphasis on sales appeal, retail packing’s quality and look. Packaging supports brand awareness, brand identities, convinience and properly reflect the current consumer trends, preferences and images.

The Indian reclaim rubber industry covers all kinds of rubber products manufacturing. There are several factors responsible for a flourishing rubber industry in India. The most important factor which has led to increased expansion of rubber production is the enormous growth and development in the industry of automobiles. The country is facing the problem of waste management and to have a proper handling of rubber waste, the rubber industry makes the use of latest techniques to manufacture reclaimed rubber. The rubber manufacturers recycle various materials such as scrap tires, tread scrap, tire flaps, natural tubes, conveyor belts, shoe soles and many more.

As rubber is a highly non biodegradable material and needs considerable time to decompose which results in soil pollution, it is very important to recycle it and convert the non biodegradable substance into an environment friendly material. Thus the reclaim rubber manufacturers play a significant role in saving environment by recycling the rubber waste. Today, various reclaim rubber manufacturers are trying their best to offer quality reclaimed rubber at cost effective prices. They employ effective methods and techniques to process various types of rubber waste such as digester method, neutral method, continuous steam method and heater process. The reclaim rubber manufacturers employ various machines for the recycling process of rubber such as rubber refiner, grinding mill, cracker mill and many more. There are different kinds of recycled rubber such as coarse grade, medium grade and superfine grade. While superfine is used in car tires, tread rubber, medium grade is used for rubber molded products and rubber mats. Coarse grade is used in tire flaps and rubber sheet.

Although the process of rubber recycling is a quite complicated task but it is very important to recycle it because of several reasons. Recycled rubber is much less expensive as compared to the natural or synthetic rubber. Besides, it is more flexible to use in comparison to the natural or synthetic rubber and it also increases penetration of various materials. The best part is that it is absolutely safe and environment friendly and considerably reduces the chances of global warming. Also, the recycling process of the rubber needs much less energy as compared to the manufacturing of synthetic rubber. More and more people are realizing the importance of recycles rubber and making its use in their everyday lives. The Indian reclaim rubber industry is one of the biggest manufacturers of recycled rubber and is thus a major contributor in protecting the environment. The reclaim rubber manufacturers in India are producing high quality rubber that caters to the needs of both the domestic market and international market. These rubber manufacturers endeavor to give top quality rubber and that too at cost effective prices. This rubber matches the international standards and thus India is the chief exporter of rubber to various international companies dealing with the manufacturing of rubber products. Using the latest tools and techniques the reclaim rubber manufacturers provide good quality rubber at cost effective prices having various applications.

Emerging Markets Direct (EMD) released their latest Indonesia Insurance Industry Report 2H10. The report says that Indonesia insurance industry is a very attractive and largely untapped market. As of 2008, the country was home to more than 210mn people while the number of insured people was 16.48mn, which implied that only less than 10% had life insurance. Seen in this light, foreign insurance companies had entered into joint ventures with local companies due to the low market penetration rate and the policies set by the Indonesia government.

Next to India and China, Indonesia is definitely one of the insurance markets in Asia with huge growth potential. The Indonesia insurance sector consists of a number of players. As of end 2009, there were 283 companies in Indonesia owning insurance business licenses. There were no much changes made to the number of life, non-life, reinsurance, social insurance program and workers social security, and insurance for civil servants and armed forced companies as compared with 2008. There were even no new insurance companies over the past 5 years due to the relatively high minimum equity of IDR100bn set by the government.

Over the past 5 years, total assets and total investments of the insurance industry as a whole have risen, especially for the reinsurance sector which saw the highest growth rate y-o-y of 21.79% for total investments and total assets. Net premium for non-life insurance and reinsurance has been rising since 2006, from IDR 8,147bn to IDR11,810bn in 2008.

Despite the vulnerability of the Indonesia Insurance industry to natural disaster, the overall industry ratio of gross claims to gross premiums was still manageable. It was recorded that the ratio varied from 48% to 61% in 2008. Whats more, a major part of risks covered by local insurers was ceded to offshore reinsurance company. In recent years, the retention ratio (measured by net written premium to gross written premium) was very conservative and ranged from 34% to 54%. Indonesias insurance industry suffered from deficit transaction, in this regard, our analyst thought that consolidation was vital for insurance companies to strengthen their capital base in order to stay competitive.

What are the market trends and outlook of the Indonesia Insurance Industry? How did the issuance of Indonesian Insurance Architecture (Roadmap) affect the industry? How many insurers licenses were revoked as a result of the minimum solvency requirement specified by the Ministry of Finance? What are the prospects of Takaful (Islamic insurance) in Indonesia? What were the requirements set by the Ministry of Finance (MoF) for foreign insurers to enter the Indonesian market?

Want to have an overview and competitive analysis(SWOT) of the major industry players?
-PT Asuransi Allianz Utama Indonesia(Allianz)
-PT Asuransi Sinar Mas (Sinar Mas)
-PT Panin Life Tbk(Panin)

Check our pages to see more details about our latest Indonesia Insurance Industry Report:
http://www.emergingmarketsdirect.com/products/Indonesia-Insurance-Industry.html

Table of Content
1. Industry Profile
1.1 Sector Overview
1.2 Sector Size and Value
1.2.1 Insurance Companies
1.2.2 Total Assets and Investments
1.3 Sector Performance
1.3.1 Gross Premiums and Claims
1.3.2 Non-Life Insurance and Reinsurance Net Premium
1.3.3 Industry Retention Rate
2. Market Trends and Outlook
2.1 Regulatory Issues
2.2 Sharia Products
2.3 Foreign insurers
3. Leading Players and Comparative Matrix
3.1 Leading Players
3.1.1 PT. Asuransi Allianz Utama Indonesia
3.1.2 PT. Asuransi Sinar Mas
3.1.3 PT. Panin Life Tbk
3.2 Comparative Matrix
3.3 SWOT Analysis

4. Tables and Charts
Table 1: Life Insurance No. of Insured People 1998 2008
Table 2: Insurers Licenses Revoked 2005
Table 3: Financial Summary 2007 – 2009
Table 4: Financial Highlights FY09
Chart 1: Inflation Trend of Indonesia Oct 2008 Oct 2010
Chart 2: Number of Insurance Companies 2004 – 2008
Chart 3: Growth of Total Assets According to Line of Business 2004 – 2008
Chart 4: Total Assets for the Year 2008
Chart 5: Growth of Total Investments According to Line of Business 2004 2008
Chart 6: Total Investments for the Year 2008
Chart 7: Growth of Total Assets Compared to Total Investment 2004 – 2008
Chart 8: Types of Investments
Chart 9: Growth of Gross Premiums According to Line of Business 2004 – 2008
Chart 10: Percentage of Gross Premiums for the Year 2008
Chart 11: Growth of Gross Claims According to Line of Business 2004 2008
Chart 12: Percentage of Gross Claims According to Line of Business
Chart 13: Growth of Gross Claims and Gross Premiums 2004 – 2008
Chart 14: Non-Life Insurance and Reinsurance Net Premium 2006 – 2008
Chart 15: Retention Rate 1996 – 2008
Chart 16: Sinar Mas – Total Shareholders Equity 2005 – 2009
Chart 17: Sinar Mas – Surplus Solvency Margin 2005 – 2009
Chart 18: Gross Premium Income 2005 – 2009
Chart 19: Total Investments Income 2005 2009

About Emerging Markets Direct

Emerging Markets Direct is the online research store from ISI Emerging Markets, a Euromoney Institutional Investor Company. We deliver in-house industry research report, industry analysis and data vital to support all kinds of business decision, academic and research purposes. Our flagship product Emerging Markets Direct Report covers the top 20 industry sectors of India, China, Malaysia, Thailand, Indonesia, Vietnam and Indonesia. ISI Emerging Markets in-house analysts crunch the numbers from our proprietary CEIC databases and combine the results with on-the ground industry insight. The result is reliable, hard-to-get industry data, analysis and insight. Previously available only to subscribers of the ISI Emerging Markets Information Service, Emerging Market Direct reports are available now at our online research store. Our Other products are: CEIC snapshots, CEIC datatalk, Intellinews. To view our full catalogue of products, please visit http://www.emergingmarketsdirect.com

Indian Art and Craft Industry- An Overview

India is a land where every corner is evident with the greatness of art and craft. The traditional quintessence of Indian art and craft can be seen even in the daily used objects like earthen pot, mugs, bed-sheets or any such things. The objects are created with a great creativity that portrays magnificent work of art. That is what Indian art and craft industry is!

Indian art and craft is an old saga. Although, the present state of the industry is flourishing with a touch of contemporary designs and patterns but it is deeply entrenched with the rich craft customs from the past. The uniqueness in the Industry lies in its own way.

India”s richness in art and craft can be seen in every product whether garments, Jewelleries or household furnishings. These products are a perfect mix of traditional designs and modern techniques. Due to their diversity in designs and their being utilitarian in nature, they are high in demand. This has given many Indian traders to invest in the industry and flaunt India”s custom across the world. Products such as table mats, napkins, bed sheets, lamp shades etc are made out astoundingly with the use of natural material, textile printing, block printing, tie and die, hand printing etc, and are much in demand. Gems and jewelries are other obsession of India. The rising demands in gems and jewelries have transformed Indian craft traditions into a full-grown organized industry. Garments such as woolen shawls and phirens from Himachal, traditional sarees ranging from Banarsi Amru, Tanchoi, Paithani, Patola, and Kancheevaram are the most popular export garments. Indias zardozi and brocade work are highly recognized these days. Other utilitarian craft products like cushions, curtains, bedcovers, sheets, metal furniture, wood furniture, boxes, cabinets, terracotta items, utensils, garden pots, papier-mch products, brass and silverware, carpets, rugs and durries from Kashmir, jute and coir items, wood and stone sculptures, traditional paintings, decorative pieces, embellished wooden sculptures, stone and wood carvings, and many more are on the rise in India as well as in abroad.

Here is the Swot Analysis of the Indian art and craft industry that gives you more information on the present status of the industry;

Strengths

“The industry has potential in domestic as well as international markets.

“It provides wide variety in each product and exhibit diversified culture of India.

“Industry caters to the different market sectors covering handicrafts, textiles and jewelries.

“Gives potential source of employment

“It requires low capital investment

“It is a great source of foreign revenue as it is a huge export industry.

Weakness

“Industry lacks communication and infrastructure

“Lack of co-ordination between Indian manufacturers-exporters and Government

“Inadequate information available on new technology

“Industry is still confined to rural areas of the nation

“No promotional support is given to the sector

Opportunities

“Emerging demands of Indian crafts across overseas

“Development of retail sectors and changing lifestyles offer huge requirements of such products

“Rise in the industry is due to development in tourism

“Internet has emerged as a mean to develop its market network

Threats

“Increasing competition in domestic markets

“Quality products manufacturing by countries like South Africa and China

“Better trade terms are offering by these countries

“Competing countries offer better technological support and R&D development facilities

“Challenge to establish balance between demand and supply of quality products

The reason why Indian art and craft is highly appreciated and constantly flourishing in domestic and foreign markets are due to its utilitarian nature and high acceptance among people of India and people across the whole world.

The leather industry in India holds a very prominent place in the Indian economy. The leather and leather products industry is one of the oldest manufacturing industries in India. The Indian leather industry provides employment to about 2.5 million people in the country and has an annual turnover of approximately US$ 5,000,000.

The industry has a massive potential for providing more employment, growth, and exports. Recently, the exports of leather and leather products have gained massive momentum. The exports of Indian leather goods have registered phenomenal growth. This is mainly because great emphasis has been placed on the planned development of the leather industry and at the optimal utilization of available raw materials.

Over the years the leather industry in India has undergone drastic change from being a mere exporter of raw materials in the early 60’s and 70’s to now becoming an exporter of finished, value-added leather products. The main reason behind the transformation is the several policy initiatives taken by the government of India. The proactive government initiatives have yielded quick and improved results. Thanks to the government efforts today, the Indian leather industry has attained a prominent place in the Indian export and has made the industry one of the top 7 industries that earns foreign exchange for the country.

Since India adopted the globalization and liberalized economic policies in 1991, the leather industry has flourished consistently in several ways and has contributed heavily to the Indian exchequer. Though the industry has developed, it still has great potential for more growth and investments. Investing in Indian leather industry is particularly advantageous because the industry is poised to grow further and achieve a major share in the global trading market.

The government of India in its Foreign Trade Policy for 20002009 has identified the leather sector as a focus sector in view of its immense potential for export growth and generation of employment generation prospects.

Investment opportunities in the leather industry lie in different segments related to the industry, which include tanning and finishing of leather products, manufacturing of leather garments, manufacturing of leather footwear and footwear parts, and manufacturing of leather goods, such as harness and saddlery amongst a host of other opportunities.

Amongst all the industries mentioned above the footwear industry in particular holds greater potential for investments in India. India produces approximately 700 million pairs of leather footwear every year and accounts for an 18% share of the total Indian leather export.

After footwear manufacturing of leather goods promise great investment opportunity. Manufacturing of leather products, such as wallets, travel wares, belts, and handbags offer great returns on investment.

India is one of the best destinations in the world for investing in the leather industry because India is endowed with abundant raw materials required for the industry to grow. India has a huge population of cattle. India accounts for 21% of the worlds cattle and buffalo and 11% of the worlds goat and sheep population. Apart from the easy availability of raw materials, investors are able to enjoy an easy and abundant supply of skilled manpower, world-class technology, competent and favorable environmental standards, and the devoted support of allied industries.

Several leading international leather goods manufacturing brand names, such as Hugo Boss, Tommy Hilfiger, Versace, Guess, and DKNY, have invested in India and are engaged in sourcing leather goods from India.