Industry News

India's Biggest Paint Exhibition & Conference to be Held at Mumbai in January 2005

Published on 2004-02-05. Author : SpecialChem

The 22nd exhibition & conference to attract all major Indian and global paint and allied companies

Mumbai, February 5th, 2004: Come January, 2005 and the Rs. 60 billion Indian paint industry will come alive at India's biggest paint exhibition and conference. Hosted by the Indian Paint Association (IPA), the 22nd paint conference and exhibition will be held at India's commercial capital, Mumbai on the 15th and 16th of January 2005. The exhibition will be inaugurated on the 14th of January 2005.

Held biennially, this event which constitutes an exhibition and a conference, provides the most resourceful updates and highlights the opportunities that lie in one of the worlds fastest growing paint markets. It also offers a platform to meet and interact with leading paint manufacturers from India and abroad. The exhibition brings together a host of manufacturers of allied products ranging from paint to packaging, machinery to testing instruments and from software providers to finance companies, environment control advisors and raw material suppliers all showcasing the latest in technology and solutions.

All major paint manufacturers which includes Asian Paints, Goodlass Nerolac, Berger Paints, ICI and others in the organized sector will participate in this show along with small-scale manufacturers and suppliers. All these manufacturers will gather at this common platform to discuss issues pertaining to the paint industry, address the same and disseminate learnings.

Announcing the 2005 conference, Mr. Jalaj Dani, Convener of the 2005 coatings show said, "The Indian paint industry is currently looking up at an all time high and holds great promise for the future. There lies tremendous potential and opportunity in this market and the India Coatings Show in 2005 will look at exploring just that. We look forward to this event that will bring together the entire industry and open new vistas."

The theme for India Coatings Show 2005 is "Coatings, A Panorama of Opportunities". This theme has been selected so as to highlight the opportunities available in the Indian paint market, which is one of the fastest growing paint markets in the world. The last conference in 2003 that was held at Agra was a runaway success with a record number of delegates from India and abroad participating in the same.

The Indian paint industry - an outlook

The continuous GDP growth for the country has helped the paint industry grow continuously over the past decade. The Indian Paint market has been growing at an average of 8 - 10 % over past five years. Despite such encouraging growth rates, per capita consumption of paints in India is estimated at 0.7 to 0.8 kg, which remains one of the lowest in the world, lower than countries like Malaysia, Thailand, Philippines and Sri Lanka. The same is far from comparable with 4 kgs in the South East Asian nations and 22 kgs in developed countries. The global average per capita consumption is around 15 kg. This provides great opportunity for explosive growth for the paint market.

Established in 1962, The Indian Paint Association (IPA) is the apex body of the Indian paint industry which represents both the Organized Sector and the Small Scale Sector in the paint industry and is a voluntary non-political and non-profit organization which promotes the interests of the paint industry and the society. The IPA is a unique forum in which even the tiny scale manufacturers are members besides all the major paint producers in India. The representative character of the Association is amply demonstrated by the fact that more than 80% of the total paint production in the country is accounted for by members of the IPA. IPA membership also encompasses in its fold paint machinery manufacturers, raw material and packaging suppliers as well as distributors of paints, enamels, lacquers, varnishes and manufacturers of resins and pigments. The Association offers a very useful forum for discussion of matters of mutual interest.

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