INDIA PAINT INDUSTRY FEATURE
March 1st, 2006
BY RAGHAVENDRA VERMA, in New Delhi
THE INDIAN economy is booming and so, as a result, is the country's US$1.8 billion paint and coating industry, which registered a 10 to 12% annual growth for third consecutive year, taking 2002-03, 2003-04, and 2004-05 into account. Indeed dominant Indian paint manufacturer Asian Paints estimates that the sector's growth in India for 2005-06 will top 13%.
With the country's total paint and coating production exceeding 1.32 million tonnes, the future looks bright. According to the Indian Paint Association (IPA), the apex body ...
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