10.25.05
Xaar plc has taken the next step in its global expansion with the opening of an Indian office, the first by an industrial ink jet printhead manufacturer on the Indian subcontinent, located in Gurgaon, on the outskirts of New Delhi.
“The opening of our new Indian office represents what Xaar sees as a vibrant future for ink jet in the region,” said Ian Dinwoodie, Xaar’s CEO. “There are nearly a quarter of a million conventional printing presses in India, 70 percent of which are operated by small family owned businesses. These small- and medium-sized enterprises are also purchasers of both wide format and other forms of digital printers. With the value of output in the printing industry in India exceeding $6 billion and the specialist graphics, billboards, packaging sectors a combined value of output of $2.3 billion, it is clear there is a tremendous amount of potential.
“We were the first industrial printhead supplier to have a permanent presence in China when we opened our Hong Kong office in 2001,” Mr. Dinwoodie said. “Now we are the first printhead supplier to open an office in India, and we plan to continue to look for opportunities to expand our operation here and replicate the outstanding success we have achieved in Europe and China to date. Xaar also sees a number of similarities in the Indian ink jet market to that of China just a few years ago. Like China, India has a rapidly growing economy and is a very exciting emerging market for the print sector in general and ink jet technology in particular.”
“The opening of our new Indian office represents what Xaar sees as a vibrant future for ink jet in the region,” said Ian Dinwoodie, Xaar’s CEO. “There are nearly a quarter of a million conventional printing presses in India, 70 percent of which are operated by small family owned businesses. These small- and medium-sized enterprises are also purchasers of both wide format and other forms of digital printers. With the value of output in the printing industry in India exceeding $6 billion and the specialist graphics, billboards, packaging sectors a combined value of output of $2.3 billion, it is clear there is a tremendous amount of potential.
“We were the first industrial printhead supplier to have a permanent presence in China when we opened our Hong Kong office in 2001,” Mr. Dinwoodie said. “Now we are the first printhead supplier to open an office in India, and we plan to continue to look for opportunities to expand our operation here and replicate the outstanding success we have achieved in Europe and China to date. Xaar also sees a number of similarities in the Indian ink jet market to that of China just a few years ago. Like China, India has a rapidly growing economy and is a very exciting emerging market for the print sector in general and ink jet technology in particular.”