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Demonetisation: Demand for packaging boxes slumps by 50%

Several manufacturing plants of all major brands are shut in Bengal due to slowdown in demand

Press Trust of India  |  Kolkata 

Photo: Shutterstock
Photo: Shutterstock

Eastern India Corrugated Box Manufacturers' Association has claimed that demand for their has slumped by 50 per cent post demonetisation.

"Demand for our corrugated has slumped by 50 per cent post due to slump in products of major brands," the association president Milan Kumar Dey said on the sidelines of an interactive session on organised by Bharat Chamber of Commerce.

He said several manufacturing plants of all major brands are shut in due to slowdown in demand.

"We are also keeping our facilities closed in rotation due to lowering demand," Dey said.

Meanwhile, noted lawyer N G Khaitan pointed that problems due to are more than its benefits.

Small business, he said, will suffer the most. Out of some 100 million shopkeepers, barely two per cent have machines to accept credit or debit card and rest are cash based.

Demonetisation: Demand for packaging boxes slumps by 50%

Several manufacturing plants of all major brands are shut in Bengal due to slowdown in demand

Several manufacturing plants of all major brands are shut in Bengal due to slowdown in demand Eastern India Corrugated Box Manufacturers' Association has claimed that demand for their has slumped by 50 per cent post demonetisation.

"Demand for our corrugated has slumped by 50 per cent post due to slump in products of major brands," the association president Milan Kumar Dey said on the sidelines of an interactive session on organised by Bharat Chamber of Commerce.

He said several manufacturing plants of all major brands are shut in due to slowdown in demand.

"We are also keeping our facilities closed in rotation due to lowering demand," Dey said.

Meanwhile, noted lawyer N G Khaitan pointed that problems due to are more than its benefits.

Small business, he said, will suffer the most. Out of some 100 million shopkeepers, barely two per cent have machines to accept credit or debit card and rest are cash based.
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Business Standard
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Demonetisation: Demand for packaging boxes slumps by 50%

Several manufacturing plants of all major brands are shut in Bengal due to slowdown in demand

Eastern India Corrugated Box Manufacturers' Association has claimed that demand for their has slumped by 50 per cent post demonetisation.

"Demand for our corrugated has slumped by 50 per cent post due to slump in products of major brands," the association president Milan Kumar Dey said on the sidelines of an interactive session on organised by Bharat Chamber of Commerce.

He said several manufacturing plants of all major brands are shut in due to slowdown in demand.

"We are also keeping our facilities closed in rotation due to lowering demand," Dey said.

Meanwhile, noted lawyer N G Khaitan pointed that problems due to are more than its benefits.

Small business, he said, will suffer the most. Out of some 100 million shopkeepers, barely two per cent have machines to accept credit or debit card and rest are cash based.

image
Business Standard
177 22

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