New Delhi: In a major move to strengthen India’s paints and coatings sector, the PHD Chamber of Commerce & Industry (PHDCCI) and the Indian Paint & Powder Coating Association (IPPMA) have signed a Memorandum of Understanding (MoU). The partnership aims to accelerate industry growth, encourage innovation, and position India as a global hub in the field.
The collaboration will focus on key areas such as policy advocacy to support industry-friendly regulations, technology transfer and innovation to modernise production, networking opportunities for businesses, and promoting sustainable and environmentally responsible practices.
Representing IPPMA at the signing ceremony were Ranjit Singh (President), Dr. Kamal Jain Sethia (Secretary), Deepak Verma (Vice President), Deepak Jindal (Treasurer), and Manish Malhotra/ Paintvision(Media Convener). From PHDCCI, Dr. Ranjit Mehta (CEO & Secretary General) and Naveen Seth (Deputy Secretary General) participated.
About PHDCCI: PHDCCI is an autonomous organisation representing over 1,50,000 members across 26 states in India. The chamber maintains direct communication with the Government of India, from Secretary-level officials to Ministers, and with Indian embassies worldwide. PHDCCI also assists its members in international business activities by issuing Letters of Recommendation to facilitate visa approvals.
Speaking on the occasion, representatives from both organisations expressed confidence that this partnership will serve as a significant milestone in making India a global leader in the paints and coatings industry, fostering innovation, sustainable growth, and stronger business networks.