Largest Trade Show of the $8 Billion Indian Paints Industry to be held in Goa from 20th to 22nd January, 2023

 “Goa’s vibrant culture, mesmerizing monuments and picturesque beaches will provide the perfect setting for ‘Nutation’ of the Indian Paint Industry”,he added

The Indian Paint Industry is the fastest-growing major paint economy the world over, with consistent double-digit growth over the years. While India’s GDP growth has been growing around 7-8 % year-on-year  (y-on-y) over the past decade, the paint industry in comparison has grown at the rate of 12-15% y-on-y in the same period.

“Indians define primary necessities through the term – ‘Roti’ (Food), ‘Kapda’ (Clothing) aur (and) ‘Makaan’ (shelter/home)”. The paint industry, therefore, plays an essential role in fulfilling the basic aspirations of a human being by beautifying and protecting his or her ‘Makaan’. The post pandemic era has not only thrown a lot of challenges but also opened a plethora of opportunities for the paints & coatings Industry. Through this Conference, we have endeavored to bring together the best minds of the paints and coatings ecosystem on a common platform to reimagine this indispensable industry to add new shades of innovation, progress, and prosperity”,articulated Ms. Priya Bhumkar – Convenor, 30th & 31st Indian Paint Conference (Managing Director – Soujanya Color)

“Paints as we are all aware stands for both beauty and protection. Goa with its pristine beaches, historical monuments, and heritage sites along with the growing infrastructure makes it an ideal destination for a premier Paints and Coatings Industry Conference”, she concluded.

Established in 1960, The Indian Paint Association is the apex body of the Indian Paint Industry, which represents both the organized sector and the small-scale sector in the paint industry. The representative character of the association is amply demonstrated by the fact that more than 80% of the total paint production in the country is accounted for by members of the IPA.
 
 The Indian Paint Industry has two main segments of products, namely – Architectural/Decorative Paints which is 75% of the market, and Industrial Paints making up the remaining 25%. The Paint industry is equitably divided amongst organized and unorganized players. Roughly 50% of the market share is held by a handful of large corporate companies with a pan-India presence, and the balance is shared by about 2500 small and medium-scale companies having regional footprints. 

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