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Services sector soars; overseas demand on the rise

October 12, 2023/

India’s services sector exhibited impressive growth in September, with the S&P Global India Services Purchasing Managers’ Index (PMI) rising to 61 from August’s 60.1. This consistent expansion since August 2021 reflects the sector’s longest growth streak since 2011.   Driven by surging demand and strong sales, India’s services industry, a...

Will paper dominate the future of packaging industry?

September 8, 2023/

The Indian packaging industry is experiencing remarkable growth, expected to reach US$ 204.8 billion by 2025. On the back of this trend the paper packaging segment, which accounts for 63% of total paper demand, is showing promise, projected to grow to US$ 23.6 billion by 2028. The future outlook is...

E-commerce demand for warehousing sees sharp decline

July 3, 2023/

The e-commerce market in India has experienced exponential growth, but is facing a strong decline for warehousing space as companies look for greater process optimisation. Conversely, the slack is being taken up by 3PL players who have taken an all-time high share of 39%. Source: Pexels The Indian e-commerce market...

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