VITS International, Inc. is pleased to announce it has shipped an offline sheeting system to Uflex Limited. Uflex, headquartered in Noida is India’s largest multinational flexible packaging materials and Solution Company and a global provider of end-to-end solutions for the flexible packaging industry servicing clients in more than 140 countries. The system consists of a single position unwind stand, integrated infeed and web guide and a Multicut Variable Repeat servo sheeter designed to run light stock up to paperboard.
"While the government is pushing hard to make India a preferred global destination for investment, exports is an area which still needs to grab the attention of the powers that be. Till August 2016, India’s exports had declined continuously for 18 months. There seems to be relief post August with exports starting a modest recovery month after month. In February 2017, exports grew by a healthy 17.5 per cent."
More policy backing needed to push up Indias apparel export capabilities
The net effect of Brexit may be positive for India. After leaving the EU, the UK would want to develop trade relations with emerging markets from around the world. India, with its strong economic fundamentals and a large domestic market, is in a better negotiating position. India’s high proportion of skilled working-age population and high growth rate will be of particular interest for the UK.
By 2021 Asia is predicted to contribute two-thirds of global incremental beverage consumption, with China alone responsible for one-third of the additional volume.
Vietnam will gain a lot from the Regional Comprehensive Economic Partnership (RCEP). The country's garment and textile sectors will benefit in terms of cost, market scale, and material supply. And, they will not have to bear many trade barriers. The RCEP covers 16 countries, including 10 members of the Association of the Southeast Asian Nations and their regional trading partners of China, Japan, South Korea, Australia, New Zealand and India.
The European Union has granted Pakistan GSP Plus status till 2023. This enables Pakistan to increase exports of traditional and non-traditional products to EU member states. Pakistan and the EU share a strong bond in trade and investment. Pakistan sees the EU as an important trading bloc.
Research and Markets has announced the addition of the "India 3D Printer Prototyping & Materials Market (2016-2022)" report to their offering.