SIG, a global packaging leader, is set to boost its Indian operations with a €40 million fund allocation for its Ahmedabad plant, marking a pivotal second-phase growth initiative. This strategic enhancement will propel SIG’s total investments in India to €130 million, reaffirming its commitment to this flourishing market.
Phase II of the project, scheduled for completion by 2027, aims to amplify production from four to ten billion packs annually. This elevation not only addresses domestic needs but also positions SIG for lucrative expansion into neighboring markets, leveraging its presence and expertise in dairy and juice packaging.
Despite potential challenges from FMCG sector slowdowns, SIG remains unwavering in its growth trajectory. “We’re focusing on long-term plans,” stated SIG’s President Eladib, emphasizing their vision of transforming India into a manufacturing and export hub, fueled by substantial growth in dairy demand and technological advancements.
(With inputs from agencies.)
