SIG Group Invests Additional EUR 100 Million in Indian Packaging Sector

SIG Invests 100 Million in the Indian Packaging Industry

Image Credits: SIG Group 

Swiss Packaging company, SIG Group, announced an investment of 100 million in India, which is an additional investment on the existing 200 million commitment, due to growing demand in the consumer market and rising government support.

Samuel Sigirist, the CEO of SIG Group, announced the investment during the Commerce and Industry Minister’s visit to Switzerland. He also mentioned the country’s commitment to supporting foreign investment and outlined the expansion of its plans in India. Samuel also said that he had a positive discussion with Piyush Goyal. He mentioned, “I am impressed by the level of detail the minister is involved in and his commitment to support Foreign Direct Investment in India. We are very pleased with the administration and the support we get."

The Swiss Packaging company has been building partnerships with the consumer brands in the country, which are also featured across various products like Maaza, Frooti, Amul products, and many more. The CEO expressed, "We are partnering in India with big names. Those are household brands. You will find our packaging on brands like Frooti, Maaza... You will also find a lot of different products from Amul....We have already committed to the next phase of our plant. We invested already EUR200 million and have committed now another EUR100 million to keep expanding in India."

The company has been expanding rapidly in the nation by featuring big brands like Coca-Cola, Dabur, PepsiCo, Heritage Dairy, Haldirams, Godrej Jersey, and ITC, and many more, creating a massive expansion in the Indian food and beverage industry. The company currently operates two offices in Mumbai and Gurgaon, which are supported by four production facilities that work on various packaging. The company is running packaging plants in Palghar, Maharashtra, and a filling line facility in Chakan, Pune.

The flagship aseptic carton packaging plant in Ahmedabad, Gujarat, has created over 300 direct jobs across the country. It is built with an initial investment of approximately Euro 90 million, which supports the country’s Make in India initiative. The investment will be executed within different phases scheduled from 2023-27, which will aim to target the production capacity up to 4 billion packs per annum.