The Indian state of Andhra Pradesh has allocated land in Visakhapatnam to develop a packaging park and Indian Institute of Packaging (IIP).
The state government has dealt out 100 acres of land for the new developments of Andhra Pradesh Industrial Infrastructure Corporation (APIIC), of which IIP will be set up more than ten acres in area.
The proposed packaging park will cover the remaining 90 acres and is expected to serve the marine, food, pharmaceutical, fruit and apparel industries.
Visakhapatnam member of parliament K Hari Babu was quoted by The Times of India as saying: "Export of marine products is now being undertaken in retail packaging formats so that it can directly be put at retail shops in the US and Europe.
"Similarly, pharma products from companies such as Hospira and Eisai will also need packaging material, specifically suited for medicines."
It is expected to help local companies across industries to locally source their packaging materials.
Visakhapatnam presently procures its required packaging materials from Mumbai, Kolkata, Hyderabad, Japan and Sri Lanka.
On the other hand, the new IIP centre will be developed to train young students and in-service packaging professionals.
The current annual turnover of India's packaging industry is $24.6bn, which is expected to go up to $32bn by 2025, reports The New Indian Express.