NBG
SK Garg, managing director of NBG Printographic Machinery Company and Sabhajeet Singh, managing director of Webtech Engineering

On 17 January 2018, in Faridabad in the Delhi NCR a joint venture agreement was signed between NBG Printographic Machinery Company and Webtech Engineering to form a joint venture to manufacture and promote flexo label presses under one entity. NBG has developed a fully servo flexo label press and Webtech has been shipping its flexo label presses for the last several years.

With the new JV in place, customers should get a range of label printing and converting solutions under one roof. With their combined resources in development, manufacturing and service under a single joint entity, customers can expect a better range of solutions and more comprehensive and timely service. Under the agreement, NBG Printographic Machinery Company, would be handling complete marketing and sales activities of the JV and Webtech would be handling the manufacturing of top loading flexo presses while NBG would continue to produce its new servo driven presses. Both the companies would work together for launching advanced label solutions in the future.

Dr SK Garg, managing director of NBG Printographic Machinery Company, said “We have more than 30 years of experience in printing machinery with our presence across India and in 25 countries. We have been working in packaging and labels for 5 years and we believe this JV would add value to our product line and give customers better products and service.” Sabhajeet Singh of Webtech added, “Looking at the upcoming demand for quality flexo presses, this JV would enable our companies to invest in research and development of advanced and international standard machines in India and thus giving ‘Make in India’ concept a boost.”

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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.

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– Naresh Khanna (25 October 2023)

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