The theme of the 29th Indian Paint
Conference was 'Paint Pe Charcha - Naye Aayaam' signifying in-depth deliberations (Charcha) to discover new dimensions (Naye Aayaam).
Estimated at $7.26 billion at the end of financial year 2018-19, the Indian paint
industry registered modest growth in the just concluded financial year.
This is going to be the largest trade show of the paint industry in India and we are delighted to be organsing it in a colourful city like Agra," said PK Khanna, Convenor - 29th Indian Paint
As far as current the health of the US$3.2 billion Indian paint
industry is concerned, it has shown a remarkable improvement since a slump of late 2008 and Singhal describes the situation as good, claiming this Indian industry looks poised to emerge from the recession.
Nita Karmakar at the launch of 29th Indian Paint
Conference at Agra.
The foreign presence in the Indian paint
market is lead by Kansai paints of Japan, which controls 14% of the market through its majority stake in the second largest company--Goodlass Nerolac.
Considered as laggards in terms of using state of the art process technology in paint and coating production, Indian paint
producers have started to invest in advanced technology in last few years.
Thus the medium- and long-term outlook for the Indian Paint
Industry seems to be encouraging.
After steady growth for a number of years, the Indian paint
industry witnessed one of the worst years in the concluded financial year 2016-17.
Today, although the Indian paint
and coatings industry is still a relatively small portion (eight percent) of the global coating industry, it is certainly one of the fastest growing in both size and importance.
The 23rd Indian Paint
Conference will be held January 19-21, 2007, at the ITC Hotel Sonar Bangla, Kolkata, India.
IRL has launched a new edition of its single country report, "A Profile of the Indian Paint
Industry." In this study, IRL examines India's paints and coatings market independently and not as part of a regional study on the Asia Pacific paint market, thereby presenting more in-depth information on paint market influences and trends.