Positive growth prospects for Indian printing industry in FY2025 – TP Jain

Robust capex expected as the economy grows

printing industry
T P Jain, owner of Monotech at Pamex 2024

In an exclusive interview with Indian Printer and Publisher during the Pamex 2024 event in Mumbai, T P Jain, owner of Monotech, expressed optimism about the robust capital expenditure (capex) growth anticipated in the Indian printing industry, particularly in the digital segment, for the fiscal year 2025.

Jain highlighted the exceptional performance of Monotech in FY2024, expecting an impressive 25% year-on-year growth. This positive trajectory, he stated, is a direct result of the industry’s expansion driven by the overall robustness of the Indian economy.

For us, FY2024 has been a very good year in which we expect almost 25% year-on-year growth. We expect a similar trend in FY2025 as well. All this is because the print industry is growing, driven by strong expansion in the Indian economy. The capex in the industry will continue to be strong, especially in the digital side,” Jain said.

Products at Pamex

At Pamex 2024, Monotech has promoted Ricoh’s latest digital production presses, the Pro C7500 and Pro C9500.

The Pro C7500 and Pro C9500 are very versatile presses and can cater to a wide range of applications. They have been extremely well received by the market. It is a pleasure to inform you that a customer in Karnataka has ordered eight units of Pro C7500,” Jain said.

Monotech’s digital UV and foiling system, PixelGlow, has garnered significant attention in the market. Jain expressed satisfaction with the product’s performance, stating that a considerable number of PixelGlow systems have been successfully installed in the Indian market.

Adding to its array of innovations, Monotech unveiled PixelFoil, a screen foiling system integrated with a complete screen-printing unit, during Pamex 2024. Available in 24 and 32-inch sizes, PixelFoil aims to further enhance the company’s position in the digital printing landscape.

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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