Tuesday, Mar 19 2019 | Time 22:20 Hrs(IST)
  • US Treasury sanctions Venezuela's gold mining company, chief
  • Cricket fever builds as Emirates reveals ICC Cricket World Cup livery
  • Things happening as per script, Balakot airstrikes are ‘election stunt’: Mehbooba
  • Massive anti-Maoist drive underway in view of Lok Sabha election
  • Four wanted criminals arrested in Gorakhpur
  • Mexican President signs declaration promising not to seek re-election in 2024
  • Congress fields Kishore Gajbhiye from Ramtek seat
  • BJP MP Election Committee readies panels
  • BJP MP Election Committee readies panels
  • No propaganda over defence personnel : ECI's 2nd advisory to political parties
  • Five killed in Egypt's Giza as man opens fire at pedestrians
  • Eight candidates file nominations for Lok Sabha election in Bihar so far
  • Prez appoints 9 member Lokpal with Justice P C Ghose as chairperson
  • Pvt firm cashier robbed of Rs 16 lakhs by tricksters at Thane
  • Jitan Ram Manjhi to file nomination on Mar 25
Business Economy

Indian Paint Industry poised to touch Rs 70,000 cr by 2021-22: IPA

Indian Paint Industry poised to touch Rs 70,000 cr by 2021-22: IPA

Agra, Jan 11(UNI) The Indian paint industry, currently worth Rs 50,000 crore, is poised to cross Rs 70,000 crore in next two years with decrease in the GST rate boosting its growth, the Indian Paint Association (IPA) claimed here on Friday.

The 29th Indian Paint conference (IPA) in the Taj city was jointly inaugurated today by Mr Sumit Sawhney, CEO & MD - Renault India and Mr Jayant Krishna, Former Executive Director & Chief Operating Officer, National Skill Development Corporation (NSDC) in the presence of stalwarts from the Indian paint industry and senior officials from industry bodies like CII.

Speaking on the occasion, Mr Abhijit Roy, president – IPA underlined, “We are delighted to be organising the largest trade show of the paint industry in the country in a colorful city like Agra. The Indian Paint Industry, currently valued at around Rs 50,000 crore, is poised to grow at a healthy rate and expected to reach around Rs 70, 000 crore by 2021-22. There is a strong co-relation between the Indian Paint Industry and the GDP growth of the country. It has historically surpassed India’s GDP growth by 1.5 to 2 times.”

Mr Roy said ,“Although the implementation of GST regime came in as a challenge, the reduction

of GST rates from 28 per cent to 18 per cent has come in as a breather for the paint industry”.

During the inauguration of the three-day event, Paint & Coatings Skill Council (PCSC), a body affiliated

with IPA announced the launch of an Apprenticeship Training Programme in association with National Skill Development Corporation (NSDC) for developing skilled manpower for the industry.

“Skill development has always been one of our prime focus areas. The paint Industry spearhead by the IPA and PCSC has taken big strides in skilling across the country and today our painters have been exposed to not only national but also international painting best-practices”, elaborated Mr Roy.

The theme of the 29th Indian Paint Conference to be held till January 13, is ‘Paint Pe Charcha - Naye Aayaam’ signifying in-depth deliberations (Charcha) to discover new dimensions (Naye Aayaam). The conference will witness knowledge sharing sessions from leading paint industry stalwarts from India in addition to select global speakers.

UNI MB SB 1713

More News

KIAL announces launch of new fund

19 Mar 2019 | 6:38 PM

Kolkata, Mar 19 (UNI): Kotak Investment Advisors Limited (‘KIAL’) today announced that it has launched a new fund which will partner with DivyaSree Developers (‘DivyaSree’), a leading Bengaluru-based real estate developer, to develop and acquire commercial office assets across India.

see more..


19 Mar 2019 | 6:18 PM

Ahmedabad, Mar 19 (UNI) The Ahmedabad Bullion market showed a
divergent trend here today.

see more..


19 Mar 2019 | 6:17 PM

Ahmedabad, Mar 19 (UNI) The Ahmedabad grain market ruled steady
here today.

see more..


19 Mar 2019 | 6:14 PM

Ahmedabad, Mar 19 (UNI) The Ahmedabad Sugar market ruled steady
here today.

see more..


19 Mar 2019 | 6:13 PM

Ahmedabad, Mar 19 (UNI) The Ahmedabad Gur market ruled steady
here today.

see more..