Konica Minolta India recently added a new benchmark to its portfolio of achievements on receiving ‘Best Subsidiary Company of the Year 2016’ award in a conference held recently in Manila, Philippines.
Konica Minolta India has garnered double-digit growth in FY 16-17, compared to the previous year, especially in the areas of production and industrial printing sales. Konica Minolta Inc. appreciated the continuous effort of Konica Minolta India and its partners in expanding the company’s business in India.
Konica Minolta was ranked number two in FY 16-17 in worldwide MGI unit sales, only next to the United States. On behalf of Konica Minolta India, Rajeev Ahuja, business consultant IP, presented MGI success cases in India at the conference. He also informed how India is taking many new initiatives in the new product segment.
The top management from Konica Minolta Inc. marked their presence, including Yamana San, president and chief executive officer, Osuga San, senior executive officer, and Taiko San, executive officer who shared medium-term direction and strategy.
Daisuke Mori, managing director, Konica Minolta India, receiving the award, said, “We are extremely delighted to receive this prestigious award, which is also a reflection of the commitment to help businesses in India with cutting-edge technology and products. Our highly proficient workforce in the country will continue to set new benchmarks in the printing segment of India.”
Interestingly, the conference observed that with the Indian printing industry gearing towards more customized and personalized offerings, shorter TATs and more eco-friendly sustainable solutions in digital printing, it would prove to be a shot in the arm for the label industry.
2023 promises an interesting ride for print in India
Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and
multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.
The fragmented commercial printing industry faces substantial challenges as does the newspaper industry.
While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately
their growth will also be moderated by the progress of the overall economy. On the other hand book
printing exports are doing well but they too face several supply-chain and logistics challenges.
The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.
Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.
Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.
Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.
– Naresh Khanna
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