The Rs 5,000-crore architectural glass industry is poised for at least 10% growth, according to industry sources.
The industry has witnessed a rapid growth in the float glass segment. Currently, float glass holds 70% of the market share. Industry estimates show that this sector has grown by 8% in the last few years and is expected to register a 10-15% growth in the next few years.
Zak Glasstech International, a glass industry-related trade event, being held in Mumbai from December 11, is expected to provide a platform to showcase the latest in glass and glazing technology. It was first held in 2003 in Mumbai and has gone on to become a hub for the SAARC region.
The event is likely to have 200 participants from Italy, China, US, UK and UAE showcasing cutting-edge designs and products for the India market. In 2003, 70 companies participated in the trade show, while in 2004, 74 participants were present at the New Delhi event and now, the numbers have crossed the hundred-mark, with firms from 20 countries registering for this four-day trade event.
This event will help bring in new technology, services, cost effective production methods, better quality products and help forge global trade relationships, says Syed Zakir Ahmed, MD, Zak Trade Fairs & Exhibitions Pvt Ltd.
The Indian glass industry has seen a rapid rate of progress with new investments, products and designs coming into the market. In an industry progressing as rapidly as ours, there is a need for exchange of innovative ideas and evolving industry standards, says B Santhanam, MD, Saint-Gobain Glass India.
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