In an interview with CNBC-TV18, Suresh Gupta, chairman and managing director of Paper Products said that the company, at a global level, has identified Rs 4,000 crore global business of flexible packaging within the total Rs 15,000 crore business of Huhtamaki Packaging Group of Finland.
Suresh Gupta, chairman and managing director of Paper Products, in an interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, said that the company is focusing on flexible packaging products. "We are looking for techniques to expand them into innovative and value-added products," he said.
"Based on this positive outlook, we are prepared to invest (wherever required) for growth," he added.
Below is the verbatim transcript of his interview. Also watch the accompanying video.
Q: You have planned a significant investment, both organically and inorganically. Can you throw some light on it?
A: We have a positive outlook on the Indian market and the flexible packaging products, which we are currently marketing in the country.
We would like to focus more on the techniques to expand them into innovative and value-added products. Based on this positive outlook, we are prepared to invest (wherever required) for growth.
Q: What would your plans be on the inorganic front?
A: If there is an opportunity, which adds to our ability to offer good packaging solutions in the Indian market, we are ready to look at those.
Q: What is the corpus that you have lined out for this?
A: At the global level, we have identified Rs 4,000 crore business of flexible packaging. And within this, India has been targeted as the most significant area for growth.