INDIA’S PAINTS AND COATING INDUSTRY MANUFACTURERS RISE CONTINUED SURGE IN DEMAND
May 1st, 2011
BY RAGHAVENDRA VERMA
THE INDIAN paints and coating industry has had a very fruitful year, with high growth and expanding markets - the US dollars USD5.3 billion industry grew by 22% in the financial year ending March 2011, according to Mumbai paint company Kansai Nerolac Paints. Robust demand coming from the thriving housing, automobiles and consumer durables sectors are driving this growth. However, future projections for the currently prosperous paints and coating industry are not quite so rosy: rises in interest rates, the increasing slowdown in automobile ...
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