Aiming at a growth rate of 20% in the 2016-17 financial year

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Nichrome India is focussing and performing fairly well on exports at the moment says Ogale. The  African market, the Middle East and the Russian market which is a relatively new market for it are doing pretty well. Food and pharma segments are doing very well which is keeping the order books busy for Nichrome at the moment.

The last financial year was good for Nichrome India. Ogale says, “In the last financial year, in terms of top-line growth we did not grow too much but I think we had a healthy bottom line. And our order book was fairly strong. In the current financial year we have started with a pretty strong order book. But historically the first quarter of any year is a bit slow so we are prepared to catch up with the rest of the period.”

The Nichrome India stand at PackPlus 2016. Photo PSA

“Traditionally Nichrome is well-known and is proven in the design of its baggers and fillers. Accuracy, less wastage and speed have been the hallmarks of any Nichrome machine and we would like to keep moving towards meeting the needs of our valued customers,” says Ogale.

The Indian packaging market is doing well at the moment feels Ogale. Apart form the food and pharma segments, the recent online shopping portals such as BigBasket.com or Kirana.com are performing well and are providing fresh impetus to the industry, he says. Although there is a lot of competition in the market, Nichrome India is aiming at a growth rate of 20% in the current financial year says Ogale.

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