Heidelberg is a worldwide partner with Gallus with 30% shareholding and is responsible to promote the Gallus business in many parts of the world including India. Most of the Heidelberg operations worldwide handling the Gallus business offer sales and service support to the Gallus product lines. The growth story of Asia spearheaded by India, China and Indonesia as prime markets is not new to the world or our industry. Packaging in the mentioned countries is growing steadily at 15% p.a and have been able to withstand, still, the persistent global economic crisis so far. The growth story of Asia in general is driven by local population and hence domestic consumption. We hence see our markets still somehow insulated from these external challenges. At the same time let me also agree to the fact that there is growing pressure in Asia in sustaining market share in all fragments of the business including labels.
As part of our commitment to be a part of this growth story and same time accelerate the growth of the emerging economies in Asia the Gallus board in agreement with Heidelberg decided to represent directly in Asia with our own companies and team of professionals experienced with this business of labels.
The Gallus Group formed 100% owned subsidiaries in India, China and Singapore between middle and late part of 2011. India is responsible for market region South Asia comprising of India, Pakistan, Sri Lanka, Bangladesh, Bhutan and Nepal. We formed Gallus India Private Limited currently headquartered in Mumbai with representation in Bangalore and soon Delhi.
We have recruited professionals and experts in sales, service and application support who are based out of these locations to ensure quick support to our local markets. Currently Gallus India has employs a team of 9 personnel who are expert in sales, service and customer support.
As part of our growth strategy for our market region, Gallus India soon shall appoint partners in the neighbouring countries that we represent.