L-R Rahul Chitkara CFO, Neeraj Dargan managing director and Peter Rego director Business Development Manroland Sheetfed India Photo Manroland Sheetfed India
L-R Rahul Chitkara CFO, Neeraj Dargan managing director and Peter Rego director Business Development Manroland Sheetfed India Photo Manroland Sheetfed India

The Manroland Sheetfed India team has added Peter Rego as director of Business Development and Rahul Chitkara as its new CFO. Manroland Sheetfed headquartered in New Delhi has been run for the last several years in the country by its managing director Neeraj Dargan. As the company observes the bouyant growth of the Indian carton packaging industry, it is gearing up for the anticipated upsurge in the purchase of new multicolor sheetfed offset presses configured for packaging and also commercial printing in the coming year.

Speaking of the addition of Peter Rego who recently retired from Heidelberg India, after putting in 25 years there as its main offset press sales person, Dargan said, “With his vast experience and knowledge of the sheetfed print Industry spanning more than two decades and a total work experience in capital goods and services of more than four decades, we are confident that Peter Rego will do a great job for Manroland Sheetfed India.”

Rego himself is confident that the revival in the economy and the packaging and even the commercial print industry are just round the corner. He will continue to work from Mumbai and says the market will bounce back in the coming months. He says, “Packaging will once again see an exponential growth. Also along with packaging which is the flavor of the season, with the education system slowly coming back to normalcy and students returning to the classroom, commercial printing and book publishing will see better days within the next few months as well.”

Rahul Chitkara who becomes Manroland Sheetfed’s new chief financial officer is a qualified management graduate with more than a decade’s experience with international business and Manroland Sheetfed India’s operations. Dargan notes that, “With his diversified knowledge Rahul adds immense value to support the company and its customer base.”

Manroland Sheetfed has been growing steadily and has shown good results in the past few years and its new state-of-the-art R700 Evolution press already rolled out globally. Simultaneously, Manroland Sheetfed India is raising its visibility and customer centric operations with better and more efficient after sales service. The company is gearing up to to again spread its wings in the Indian market where it has traditionally enjoyed a strong footprint especially in the packaging market and the first brand new VLF presses sold into the country.

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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.

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.

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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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