Idea for Small Business Can Start With Set of Packing Machine
We all know India is facing strong industrial and manufacturing decline, it is really heard time for manufacturing business especially for the Micro, Small and Medium Enterprises. Where all the sectors are showing negative market growth, the FMCG and package food industries are still growing with 5% growth rate. Why Food Packing Machine is Good Business India: Indian packaging industry is growing very fast. It has a commercial influence on all other industries directly or indirectly. According to the industry experts, the annual turnover of Indian packaging industry will touch INR 22880 Crores by 2025 from the present INR 17590 crores . The annual growth rate of this sector is about 15 percent per annum. As per the Mckinsey report, the middle-class population will be ten times by 2025 in India. It will further trigger the consumption of packaging material. Thus, the packaging industry will grow further. The packaging industry in India is the most attractive emerging market for inv...