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Diwali brings in the cheers for the Industry

Readers of PaintIndia, wishing you all a very Happy Diwali & a prosperous New Year to all my fellow ISSPA Members and to the entire coatings fraternity.

What a tumultuous month. The ups and downs in raw materials, kept all of us on the edge of our seats, literally, also because of the backlash, the stocks suffered, pushing the bullion market to an all-time high. Inspite of all this, the GST collection for the month ended Oct 2018 saw the dream figure of 1 Lakh crore being breached for the second time this fiscal.

All in all, the reports I am getting from my fellow manufacturers is encouraging. Though the margins have become slimmer, at least there is pickup. And quite good too. Both, in the decorative and the Industrial segment.

I have an encouraging report from the steering committee of the 15th Biennial conference of ISSPA that we have planned at Hyderabad between 27th & 30th Dec 2018. All rooms are now full and the patrons for this conference have given great support to make this conference a grand success. We have also received the full-hearted support from our valuable Raw Material suppliers who are our partners in working towards the success of this conference. By sponsoring various events of this conference , our Raw material suppliers can gain extra mileage by close interaction with more than 700 members under a single roof in addition to an excellent opportunity to promote their products in a single largest platform of paint manufacturers. While the delegate slots are almost fully booked, there are still some slots available for event supporters which can be snapped up. I heartily congratulate the committee for the exemplary work that they are doing. I am also grateful to our event supporters, for their continued support in these troubled times.

ISSPA has lent its support to an exhibition to be held at Bombay Exhibition Center. The theme for this event is “International Fair on Architecture”, wherein it will cover the entire range of building material products. Naturally “PAINTS” is an integral part of this. Friends, this is a great opportunity for all those interested in showcasing their products and building up their brand. Needless to say that, ISSPA office will be sharing all details with you, in the coming few days.

ISSPA members have been offered special rates in a special pavilion meant specifically for SME Paint manufacturers. All those interested in participating, please contact ISSPA office at: office@isspa.org.

So, friends, again wishing you good luck and GOD SPEED.

Author Details

Milan Parekh

President

Indian Small Scale Paint Association

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