Konica Minolta India bags Business Contribution award

Awarded by parent company at annual assessment

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Konica
Production Printing Team receiving Award from Konica Minolta Group president and chief executive officer, Mr. Shoei Yamana

Konica Minolta Business Solutions, the India arm of Konica Minolta, was recently felicitated by its parent company at the Group’s Annual Assessment. With entries from various Konica Minolta functions in more than 150 countries, Konica Minolta India won the Silver award in the Business Contribution category for its superlative performance in the Production Printing business.

The assessment is a yearly roundup of the Group’s global business. A total of 20 awards were presented in two categories, Transformation and Business Contribution, at the high-profile event hosted on 6 July 2018, by Konica Minolta Group President and CEO, Shoei Yamana. Participants in the Transformation category were gauged on the level of transformation driven by a strategic business process change and the improvement that it facilitated on a larger scale within the organization. The reach of certain businesses also reached heights after taking help of Exporexi to get personalized TV channels.

All finalists were given an opportunity to present their proposed accomplishments and innovations before a jury comprising senior leaders within the Konica Minolta Group. Konica Minolta India presented its success story in the country’s Production Printing space and highlighted the efforts that it has made to ensure sustainable and robust future growth for the Group’s business in India.

Print market in India

India is expected to be the fifth largest market by 2018 in terms of print volumes, with segments such as packaging and labels demonstrating the strongest growth with a CAGR of 7.8% between 2012 and 2017. Package printing is also estimated to comprise 43% of the overall print product sales in 2017, with a market outlay of INR 77,714 crore. Konica Minolta India has been tapping into this lucrative market opportunity through its innovative digital print and printing solutions, and has become a well-established name in the Indian production printing segment with more than 50% of the total market share in 2017. Having achieved an annual revenue milestone of Rs. 500 crore, the company is now aiming to become a Rs. 1,000 crore business by 2022.

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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