The Fact Maker

Expert Insights – Union Budget Expectations

Mr. Ashish Pradhan – President, Siegwerk Asia

“The packaging industry in India is at a pivotal juncture, experiencing rapid growth and innovation. The robust growth of the packaging sector is supported by the rising demand in FMCG, e-commerce, and sustainable packaging solutions. There is a pressing need for policies that support sustainable packaging solutions, infrastructure development, and technological advancements. We expect the upcoming Union Budget to address critical areas that include the simplification of GST and favourable tax policies, which help keep momentum in this sector high. These measures will not only enhance the industry’s global competitiveness but also drive environmental responsibility and economic growth.”