Over the past decade the Indian Economy has experienced a paradigm shift and the economy today boasts of robust annual growth, deep capital markets and a liberalised foreign direct investment (FDI) regime. This boom in the Indian economy has led to the rise of a new affluent middle and upper-middle class who have a large spending power in cities and towns across the country.
Packaging too has had a very important role to play in the development of the economy.
It encourages the consumption of brands and also aims at enhancing lifestyles, leading to increased spends.
In India, packaging has evolved and sophisticated packaging technologies have made their way to the Indian market. The packaging industry is poised to grow rapidly with the rise in demand for various packaging solutions across industries and the fast growing retail sector too has added impetus to it.
Research has pegged the Indian packaging industry to touch 82,500 crore by 2015 up from 65,000 crore in 2010.
This translates into a big opportunity and RMCL Retail offers entrepreneurs the chance to build a profitable business in this sector. RMCL with more than 20 years of manufacturing and marketing in this sector, has developed a business model which seeks to create and sustain an intricately connected and complex demand supply chain that to serve a wide range of customers.
The potential of packaging is yet to be tapped in rural and youth markets and the challenges faced by the industry needs to be addressed. With a large pool of educated people who are willing to take an entrepreneurial route the RMCL Retail venture is a great opportunity to venture out in a new and profitable business.