Forum seeks to tap Indian labelling potential
between European and Indian labelling industries in order to give
companies in both regions a better chance of doing business with
each other.
The forum is supported by the EU's Asia Invest programme and will be organised in cooperation with the national trade associations VskE (Germany) and LMAI (India).
The move will culminate with face-to-face meetings between companies in New Delhi in December but will start in August when members of the Label Manufacturers Association of India (LMAI) meet in Mumbai to be told of the practical aspects of doing business with European companies.
It is hoped that a total of about 80 small and medium sized label printers and converters from both trade regions will form the core of the Euro-India Labelling Exchange, as the forum will be called.
FINAT's managing director, Jules Lejeune, and LMAI President Surendra Kapur, see great potential for co-operation between partners in the respective regions.
"The aim is to lay the foundation for successful business co-operation between Indian and European SMEs in the labelling industry," said Lejeune.
"This includes the development of trade and supply relations, investment in the labelling sector both in India and the EU, the establishment of joint ventures and the transfer of market knowledge and technology.
"Success will strengthen the sector in both India and the EU."
The conference in Mumbai will explain to LMAI's members the objectives of the Labelling Exchange, introduce the European market to them and provide general information concerning the Asia Invest programme. That meeting should identify companies wanting to develop joint trade relations and will enable profiles to be developed to facilitate cooperation.
The European-Indian Labelling Exchange (5-7 December) will feature a seminar giving detailed oversights into the respective markets before the face-to-face meetings between companies that want to develop partnerships. This event will coincide with the India Label Show, which will be held in New Delhi from 6-9 December.
In the course of this spring, FINAT is to launch a special website for the project, www.euro-indialabel.com which will give interested companies the opportunity to pre-register and submit their company profile.
