Gupta

Authentication Solution Providers’ Association (ASPA) is the world’s first and only self-regulated non-profit organization that represents the entire authentication solutions industry globally. The organization recently announced the dates for leadership summit i.e.; 15-16 March 2018 at Hotel Taj Mahal , New Delhi.

On the occasion, U.K. Gupta, president of ASPA said, “At a time, when counterfeiting costs the global economy $1.77 trillion and the Indian economy Rs. 324 billion every year it has become necessary for us to fight this issue. The new consumer protection bill passed by the Government of India is the very big initiative and positive step towards consumer empowerment in our country. We are enthusiastic with the response and willingness from Government and industry in the fight against the fakes. After a successful first edition, we are pleased to announce the 2nd Authentication Forum 2018. It is part of our 20-year celebration. We are also working on developing a Counterfeit News Repository (CNR). Further, this year, we will expand our Make Sure India and Brand Awareness Campaign across the nation which will be an extension to our 20-year celebration.”

Luv D Shriram, general secretary of ASPA, said “The 20 year celebration marks our commitments and presence in the industry. It also make us one of the world’s oldest and leading associations in anti-counterfeiting industry. Today, our members companies are protecting more than 15000 brands across the globe and the 20th anniversary celebration belongs to the Authentication Industry’s commitment towards its ethics, innovation and commitment towards providing new generation anti-counterfeiting solutions which are important for the government, industry, brand owners and consumers in their fight against fakes.”

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The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are growing similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

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– Naresh Khanna (25 October 2023)

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