“After Japan partnered with Gujarat in Vibrant Gujarat Global Investors Summit earlier this year, Gujarat has become a place of attraction for Japanese industries and companies,” Gujarat Chief Minister Narendra Modi said today in inaugural function of Sakata Inx(India) Ltd company’s ink manufacturing unit at Panoli industrial complex in central Gujarat’s Bharuch district. Sakata Inx (India) Limited is a 100% subsidiary of Sakata Inx Corporation, Japan.
Terming this week as “Japan-week” in Gujarat, the Chief Minister said: “today I am inaugurating Japanese company Sakata Corporation’s ink manufacturing unit here, and tomorrow I am going to inaugurate a plant of another Japanese company – Hitachi Corporation at Kadi in north Gujarat.”
Welcoming Japan’s interest in Buddhism, Modi announced that a world-class Buddha Mandir will be built in Gujarat. Modi said Gujarat’s relation with Japan should not be limited to commerce and industries but should spread across cultural and philosophical horizons.
“Bharuch and Kutch are two districts in Gujarat where five SEZs each are under construction. Bharuch will have a Special Economic Zone for Castor oil derivative and valuation products. Gujarat produces 80% Castor in the world. Through this proposed SEZ, Bharuch will be able to conquer the world market of about 300 Castor based value added products,” said Modi.
Modi said India should use domestically made printing ink for currency notes.”Use of India-made printing ink would save foreign exchange of crores or rupees and will also help to prevent fake currency conspiracy in the country,” Modi said.
Modi said the Government of India imports printing ink for currency notes at a cost of Rs 250 crore foreign exchange. “We should encourage domestic research to produce ink for printing of Indian currency notes in India. Reserve Bank of India should can play leading role to initiate efforts in this direction,” Modi said.
It should be mentioned here that the security ink imported using the license usually costs over Rs one lakh per litre. Swiss security ink maker SICPA, a leading provider of security inks and solutions for banknotes, had recently come under the scanner of the Indian Intelligence Bureau after it was found that it was selling to Pakistan the same currency ink that was sold to India. The currency printing ink and papers are exported to Pakistan from European countries, similar to what is being given to India. The government feels that part of the consignment is being used by the ISI to print high quality duplicate Indian currency to destabilize the economy here.
Japanese Economic and Development Minister Keizo Takewaka praised industrial environment of Gujarat and supporting approach of the government. President of Sakata Inx H.Takamaru expressed his happiness and satisfaction for selecting Gujarat to set up his company’s second unit in India.
The 20 acre Panoli plant in Bharuch district produces high-quality printing inks to cater to the specific demands of the packaging & publishing industry.
About Sakata Inx(India) Ltd
Sakata Inx (India) Limited is a 100% subsidiary of Sakata Inx Corporation, Japan.
Sakata Inx Corporation Japan was founded in the year 1896 and is now a global ink manufacturer and has a strategic alliance with Toyo Inks on a worldwide basis. SIC expanded overseas in 1948 and has over 80 major bases worldwide.
It is strategically located in United States of America, United Kingdom, Ireland, Spain, Indonesia, Malaysia, Taiwan, Canada, Philippines and other regions for handling its diversified business interests.
Sakata Inx Corp. is a comprehensive provider to the printing & packaging industry. Its R&D activities have developed printing inks on the cutting edge of technology such as water based & solvent based flexographic & gravure inks for flexible films, newspaper inks, offset inks for packaging & commercial applications, metal decorating inks for cans, water based & solvent based overprint varnishes and several additives.
The technology and manufacturing process is currently ahead of similar products available in the market. It manufactures world renowned Gravure Lamiall® (poly urethane resin base) range of liquid inks for reverse printing on several flexible substrates such as treated PET, BOPP, Nylon, PVDC coated film, Cellophane for packaging purposes especially for food products. In addition to this, other gravure inks include Lamitop – Reverse printing inks, DX-60, DLO, DX-FR range of surface printing inks and shrinkable PVC inks.
Sakata Inx (India) Limited commissioned its state of art production facility at Bhiwadi, Rajasthan in November 1998.
About Sakata Inx(India) Ltd Panoli Plant
Sakata Inx(India) Ltd has acquired 20 acres of land in Panoli, Gujrat to set up the company’s biggest ink manufacturing plant in India. This global sourcing plant is being set up in two phases at an investment of around Rs. 100 crore. The company has invested Rs. 75 crore in the first phase and the balance in the second phase. The plant produces high-quality printing inks, which will be further, customized to cater to the specific demands of the packaging & publishing industry.
Commenting on the new facility Mr. V.K. Seth, Managing Director, Sakata Inx (India) Ltd., said, “The Panoli plant will focus on manufacturing gravure & offset inks including news ink, thereby targeting the vast number of publishing and media houses and customer base located in Western India.” Also, by setting up a plant at Gujrat, it will be easier to cater to the entire western markets, by the surrounding seaports and sounds infrastructure of the state. He added, “Sakata India will also look at manufacturing UV and digital inks to penetrate further into the Indian markets.” Sakata India is also eyeing the huge growth potential in the retail industry segment.
Sakata Inx (India) Ltd. targets to achieve 50% of export sales from the Panoli plant. The plant has comprehensive manufacturing base for all types of inks for the domestic as well as the international markets that include West Asia, Africa and other CIS countries. Tha Panoli plant is expected to increase the contribution to revenues earned from ink exports from 10% to 25% and will incorporate the latest R & D facilities and productivity enhancement procedures.
Video of Narendra Modi’s speech in the function