Speaking on the Union Budget presented by the government, Pankaj Poddar of Cosmo Films expects the Budget 2018 would focus on rural economy & enhance consumer spending. This would directly benefit this sector.
He comments, “The budget as expected is good on intentions, thrust is more on execution. So far as opportunities are concerned, I think the budget seems to be investment-led and waiting for consumption to follow. We, as a company, are excited with opportunity for our sector. The focus of government on rural growth is a key for the Indian economy and increase in rural spending always helps the economy to grow. More money in hands of people will fuel demand, which augurs well for related industries like food processing & FMCG with which we are directly associated.”
Cosmo Films is one of the leaders in speciality films for packaging, lamination and labeling applications. Its films offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films and soon to be offered biaxially oriented polyethylene terephthalate (BOPET) films. Being the largest exporter of BOPP films from India it is the largest producer of thermal laminating films in the world with plant cum distribution centres in the U.S, Korea & Japan and global channel partners in more than seventy countries.