Page 1 of 6

Future of Manufacturing Industry in India

Continues for 5 more pages »
Read full document

Future of Manufacturing Industry in India

  • By
  • December 2012
  • 1756 Words
  • 138 Views
Page 1 of 6
THE FUTURE OF MANUFACTURING SECTOR IN INDIA

Case Study: Hindustan National Glass and Industrial Ltd. (HNG)

Introduction

Indian packaging industry scenario:
At US$ 14 billion, the Indian packaging industry has been growing at 15% over the last few years. It is expected to accelerate further with increasing urbanization, growing middle class and modern retail. The Indian glass container market stood at US$ 1 billion plus in the fiscal year 2010 with a growth of 12%. The top three players in India are HNG, Piramal Glass and AGI Glaspac.

Segment wise Glass Container Market Scenario:

Food Market
As per Government of India’s vision 2025, the food processing industry is expected to be more than double in size from the current US$ 70 billion to US$ 150 billion in 2015.

Following are the growth drivers:
* Increase in Disposable Income
* Changing Lifestyle in urban and rural middleclass
* Increasing health consciousness with shift from traditional unpackaged formats to packaged branded goods. * Increasing working women population
* Increase in penetration of glass containers- currently 10-12% of all food and beverages are packed in glass containers in India as compared to 40-50% in developed markets

Liquor Market
The size of Indian Made Foreign Liquor (IMFL) market in India is estimated US$ 4.5 billion. The industry is projected to grow at 10-12% per annum over the next few years.

Following are the growth drivers:
* Increasing disposable incomes
* Youth and middle-aged population expected increase from 48% of population (2001) to 54% in 2011. * Cultural change- Acceptance of social drinking and growing drinking habits among women. * Increasing deregulation by State governments

Pharmaceutical Market
India’s pharmaceutical industry is the3rd largest in the world in terms of volume and 14th in terms of value. The Indian domestic market is currently US$ 12.3 billion and is growing at the Compound...

Rate this document

What do you think about the quality of this document?

Share this document

Let your classmates know about this document and more at Studymode.com