63rd Annual General Meeting of AIPIMA

Excerpt: THE All India Printing Ink Manufacturers Association held its 63rd Annual General meeting along with a half day seminar on 7th August 2015 at Hotel Parle International, Mumbai

63rd Annual General Meeting of AIPIMA

THE All India Printing Ink Manufacturers Association held its 63rd Annual General meeting along with a half day seminar on 7th August 2015 at Hotel Parle International, Mumbai

Welcoming the members and invitees Mr R Y Kamat, president AIPIMA said that the year had seen a big churn over for the industry. The printing industry has been on a positive path with the support of the packaging industry. He also mentioned that the Asia Ink Show which was held in the bigger venue at Goregaon was overall a very successful one. The international conference held along with the show had a number of good presenters and was well appreciated by the attendees, he said. He also announced that the appeals against the Central Board of Taxes was decided in the associations favour.

The first presentation was by Mr Shailendra Bhatkhande, managing partner, Cardolite Speciality Chemicals India. He started by giving a history of the company and informed how it was taken over by 3M and then later on divested as a separate company. India is the largest producer of CNSL with more than 90 thousand tonnes. CNSL is distilled to produce purified cardanol and CSNL polymer. He gave details about phenalkamine and phenalkamide curing agents as also on polyols and diols derived from CNSL. For the printing industry he said they had developed value propositions like blocking agent/polymer chain terminating group to control molecular weight; synthesis of PU polymers in laminating inks/ adhesives and nonyl phenol replacements.

R Y Kamat

The second speaker Mr Sukdeb Sil, DGM-technical services-SASEA, Birla Carbon, gave the next presentation on 'Carbon black in packaging industry: present and future'. Giving an overview he said that the market was growing at a CAGR of 1.3 % and is expected to reach 845 tonnes by 2016. Globally gravure and flexibles dominate the packaging industry with digital printing steadily increasing its foothold. As per several industry reports Asia is slated to be the largest market with about 32% share. The growing trend is towards sustainable packaging with UV cure and EB technologies gaining ground.

Sarfaraz Sheikh

The third presentation was given by Mr Sarfaraz Sheikh, director technical services, Lloyds Research Foundation, on Quality management solutions for printing inks. He spoke about raw material testing, intermediate and inter- process testing; finished ink testing and finally about printed surface testing. He also showed the instruments from their portfolio which could be used to these tests.

Shailendra Bhatkhande

Sukdeb Sil

Dr(Ms) Arundati Chattopadyay, deputy director, National Productive council gave an interesting and interactive talk about 'Lean manufacturing competitiveness scheme' for clusters. She said that the MSME industry was keen on improving the shopfloor productivity by removing or reducing the non-value added activity which the customer would not like to pay and which constituted nearly upto 70 percent of the overall activity. The industry had to come forward and form a cluster of 10 like minded companies either of the same industry or with forward and backward integrated companies. The government would assist in appointing a consultant who would work with these units for 15 months and help enhance the productivity levels of the industry/companies. The government is also providing upto 80% of the consultant's fees as a grant. She urged the association to come forward and help form such clusters and take benefit of the scheme.

Dr Arundati Chattopadyay

The interactive audience

Mr Shailesh Sheth, advocate and senior adviser-indirect taxes, BDO India LLP gave an overview of the Goods and Service Tax-GST which is in the pipeline and which is potential game-changer of how a business is run by the industry. GST, he said is a massive tax reform which will propel the country to a bigger growth orbit. The advantages of GST are the integration of prevailing indirect taxes to ensure uniformity and minimal taxes; simple and rational tax structure; preventing cascading of taxes; simplified compliances thereby minimizing compliance cost; credit available across goods and services; availability of credit even for inter-state procurements; sustainable long term economic growth; provides a comprehensive and continuous chain of set off till the point of consumption; Eliminates fully export taxes and makes it internationally competitive; wider tax base leading to increased tax collections; equal treatment of all states with respect to taxation of goods and services; comprehensive levy on manufacture, sale and consumption of goods as well as provision of service; development of common national market for goods and services. GST is neutral to factors of production, business processes, business models, organization structures, product substitutes, geographical locations, etc and thus, does not affect economic decisions and avoid economic distortions leading to economic efficiency and sustainable long term economic growth

Shailesh Sheth

The highlight of the evening was the vote of thanks given by ever humorous Mr Dhananjay Sathaye, who also summed up the proceedings.

This was followed by the formal AGM of the Association and which then ended in a sumptuous dinner for the attendees.

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