INDIAN PAINT INDUSTRY BACK ON GROWTH PATH
June 1st, 2010
BY RAGHAVENDRA VERMA
SMILES are back in the boardrooms of Indian paint companies as an upswing in the Indian economy has revived demand that remained subdued in 2008 and 2009. "There is an upbeat mood in the whole industry", said Ashwini Mehra, Chairman of Indian Paint & Coating Association (IPCA), "construction and industrial sectors are moving well, so are the big infrastructure projects announced by the government".
The positive outlook in the US Dollar USD4.4 billion (according to Kansai Nerolac Paints) industry has prompted most of ...
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