The Indian printing, packaging and allied industry has sought a ban on import of second-hand machinery, especially due to the challenges posed by China and to nurse its growth and prevent loss of revenue to the exchequer on account of low duties.
The Indian printing industry is the 12th largest in the world in terms of output and is also a major contributor to country’s economy,” said K.S. Khurana, president, Indian Printing Packaging and Allied Machinery Manufacturers Association (IPAMA).
IPAMA Celebrates its Silver Jubilee on 26th August,2013 in Amritsar[img src=http://www.aplmachinery.com/wp-content/flagallery/ipama-celebrates-its-silver-jubilee/thumbs/thumbs_967a0651.jpg]27870
There is a need to curb the import of second hand machinery that is more than 10 years old, since the government is not receiving the duty from such import,” added C.P. Paul, general secretary of the association that is celebrating its silver jubilee this year.
There is also a threat from China, as our imports from that country are higher. So there is this need that the government provides assistance to develop the infrastructure,” Mr. Paul added at an event here to mark the occasion.
Globally, the association said, the printing and packaging industry is growing fast and the turnover is expected to touch $500 billion in five years, against $347 billion now. In India, the turnover is expected to cross $20 billion this year.
Within India, Amritsar is the industry hub, meeting 50 percent of the domestic demand. “More than 250 units are making such machinery at Amritsar,” said Khurana, adding that India was also one of the leading exporters of machinery for making newspaper
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