Packaging Industry is one of the major industries in India that has significant role in creating wealth for the nation, by preserving and protecting the value created by other manufacturing units. The industry helps in preserving innumerable products including drugs and medicines, edible oils, fruits and vegetables, milk and biscuits, semi-processed foods, electronic goods and a lot more.

Packaging Industry is not merely remained to ‘packing’ but with the branding in vogue and rising consumer preferences, it’s role has become catalytic in the Indian economy. The objective of packaging is to meet the criteria of attractiveness, convinience and safety. Heightened competition in the Indian manufacturing sector is paving the way for the industry to move towards International market. Other reasons for playing it big in export is due to availibility of low cost packaging material and higher technology means.

The present modern economy follows the slogan, “Better Quality of Life Through Better Packaging”, by World Packaging Organisation s (WPO). The growth of packaging industry has led to the sophistication from health’s point of view. This has led to the manufacturing of environmental friendly packaging materials that demands an attention to be paid on the seggregation and reutilization of synthetic packaging material.

Factors Affecting Growth of Packaging Industry in India:

1. Industrialization, urbanization and Indian economy’s liberalization paired with globalisation are the major factors fuelling its growth.
2. Cost advantages are making India one of the most preferred export hubs.
3. Rural marketing and low purchasing power of middle or lower class Indians leads to purchase of sachets or small packs. Products such as fairness cream, shampoo, toothpaste, food items, tobacco, betel nut-based mouth freshners, etc. are much in demand and this packaging format is not in trend elsewhere.
4. Increasing personal health consciousness among Indians and increasing awareness towards diseases like AIDS and other STDs, have raised the demand for contraceptives’ and disposables syringes’ usage that has led to an increase in packaging required for the same.
5. Changing eating habits among Indians and increasing restaurants and fast food chains all over the country fuelling the growth of packaging all over the country.

Here are the list of Top 10 Indian manufacturers and exporter of packaging in India:

ITC Limited
Parksons Packaging System
Hindalco
Gujarat Glass Ltd
Tata Tinplate Company of India
Moldtek Technologies Limited
E C Packaging Pvt. Ltd
Advance Packaging
AMAC Plastic Packaging
The Paper Products Limited

Purposes fulfilled by packaging industry in India:

1. Containment: Products contained in container can be easily moved from one palce to another. This helps in protecting environment by avoiding lead to spillages that results in severe losses and damages.

2. Protection and Preservation: Packaging is done to ensure that consumers get the products in good condition. Packaging protects the product from contaminants, hazardous substance, climatic effects and from infestation.

3. Added Product Protection: The technology in packaging contributes in food science advancement, reduces food spoilage percentage and ensure food safety.

4. Communication: Packaging is a mode of conveying messages in modern world. The information descripted on products’ cover make the consumers informed to decide for the products purchase and its use.

5. Convenience: Packaging offers convinience as well. Convinient packaging like frozen food packs, wine cardboard casks, microwavable containers, food cans and aseptic cartons, and easy-open beverage are some good examples. Medical packaging is done in a way to reduce the accidental overdose risk and have child resistant closures.

6. Marketing Trends: Packaging gives increased emphasis on sales appeal, retail packing’s quality and look. Packaging supports brand awareness, brand identities, convinience and properly reflect the current consumer trends, preferences and images.

possible career options in the insurance industry

Do you want to make a career in insurance industry? There are ample opportunities for success and prosperity in the insurance industry. There is always a demand for insurance professionals as insurance is a trillion dollar business, where 3 million people are employed in the United States alone. Go through this article to know about possible career options in the insurance industry.

5 Possible careers in insurance industry

There are several options to make a career in insurance industry. The options are discussed below.

1.Insurance agent and broker: Insurance agents and brokers usually sell insurance policies. They are the ones whom you need to contact when you want to purchase a policy. The responsibility of an agent and a broker is somewhat same; however, a broker usually sells policies from several companies whereas, an agent usually sells policies from a specific company. Insurance brokers and agents tailor programs in order to fit individual needs of their clients.

There are independent insurance agents who work on a commission basis. However, there are also salaried agents who may or not get commissions for a sale.

2.Insurance underwriter: The primary job of an underwriter is to decide whether or not to accept an individuals application for the required coverage. An underwriter actually weighs the risk associated with a person or an entity. These insurance professionals write policies in such a way so that it becomes profitable for the company in the long run.

3.Insurance actuary: You can become an insurance actuary if you want to make a career in insurance industry. An insurance actuary is actually a financial analyst, a forecaster and a planner. Their job responsibility comprises of studying the frequency of events that cause losses along with calculating the chances of the recurrence of such events. The actuaries also calculate the cost of the resulting injuries and damages and recommend what price to change in order to insure against the probable risk.

4.Insurance adjuster: It is the responsibility of the adjuster to inspect the destroyed or damaged property. They also estimate the cost of replacement or repair and also assess whether or not the particular loss is covered by the policy. The adjusters sometimes need to negotiate with the policyholders in order to settle a claim that is genuine.

5.Risk manager and loss control specialist: A loss control specialist usually work with large insurance companies and associations. They design programs in order to prevent the losses before they occur. The job responsibility of a risk manager is somewhat same as a loss control specialist, only difference being that a risk manager works for a corporation instead of an insurance company.

It is the primary duty of the insurance professionals to look after the benefit of the company they are working for. You also require dedication and a sound knowledge about insurance in order to make a career in insurance industry.

The oil and gas industry operates on a worldwide scale and connects some of the worlds largest countries. As the oil and gas industry evolves we have seen a resurgence in new exploration activity ranging from Greenland, Suriname, Brazil, Venezuela, Angola to name but a few.

This growth has in turn brought a significant demand for oil industry-specific translations in a variety of languages which can cause difficulties for those parties involved.

Selecting an accurate translation expert is critical to companies serving the energy sector, but oil and gas translation is one of the most difficult types of technical translation.

Key points to look out for when seeking a translation company for oil and gas translation services

A translation company with a proven track record working for oil and gas companies and having experience in the major exploration projects worldwide.

The company shall be able to provide evidence of expertise in the field, such as customer references and projects implemented.

A translation company with an experienced pool of technical translators, who also have certain economic and legal knowledge.

When translating documents for the oil and gas industry it is essential that only the most experienced technical translators are used.

Translators need to have knowledge on the basic processes in the oil and gas industry such as: mining of gas and oil fields, exploration, drilling, building of pipelines and booster stations, gas processing, oil refining, gas and oil recovery, flow metering, transportation and storage, description of the oil and gas equipment, retail marketing and etc.

Performing oil and gas translations, translators deal with documents such as: operation and maintenance manuals, equipment manuals, drilling expedition reports, performance data of installations, environmental impact assessments, social impact assessments, technical proposals, technical specifications, tender documents, insurance policies, international standards, weight measures and etc.
All those types of documents contain specific and complex technical and financial terminology, along with symbols and abbreviations, which are not standard.

Translators working with legal documents for oil and gas operations must have a general understanding of the rules and laws which govern oil and gas leases, royalties, land ownership and contracts and legal agreements for drilling and pipeline installation and usage,.

Translating terminology and jargon used in the oil and gas industry presents many unique challenges.

For a successful translation, extensive knowledge in technical oil and gas terminology is required, along with certain economic and foreign oil legislation knowledge.

The languages requested most often by the oil and gas industry are Arabic, Russian, French, English, Spanish, Portuguese and Dutch, meaning a translation company must have specialist translators in all these languages and many more.

Specific issues arise for professionals in the Russian language, who have the added responsibility of ensuring that their work, not only reflects the most commonly accepted terminology for this field, but also adheres to the codes and standards of the Russian Federation.

A translation company that uses up-to-date glossaries of technical terms, petroleum industry dictionaries, international petroleum terminological standards and terminological databases.
Accuracy is vital to good technical translations and a good glossary of terminology is the key to accurate translations.

Registered in the global network of First Point and Achilles oil & gas supplier databases in various countries and regions around the world.
– FPAL – UK & Netherlands
– JQS – Norway & Denmark
– RPP – Venezuela
– SICLAR – Argentina
FPAL works to identify, qualify, evaluate and monitor suppliers on behalf of its members.

A translation company that is able to work to tight deadlines for tenders and provide accurate and precise translations even under strict deadline delivery terms.
Tenders have bid deadlines and in a multimillion pound industry, there is no allowance for poor or late translations.

A translation company shall have a Quality Assurance Department that can tailor a workflow procedure for you so that no matter what language combination or deadline it will not seriously affect the quality of the translation that you receive. An experienced project manager will oversee every aspect of your oil and gas translation project to ensure all of your requirements are met and any unforeseen changes or amendments can be implemented smoothly without causing disruptions to the overall result.

Emerging Markets Direct (EMD) announced the release of their latest China Steel Industry Report 2H10. It states that China ranked number one in crude steel production (reaches 567.8 million metric tons) again in 2009, which is 13.5% higher than previous year and sharing 46.3% of the world’s total.

The report first profiles the China Steel Industry.Driven by China’s economic development, production of steel reached 426.6 million tons as of August 2010, and is expected to reach 640 million tons for the full year. Finished steel products also increased significantly, EMD outlines the growth scenario of finished steel products, out of which heavy rail track material has an impressive growth of 52.8%.

The Chinese industry is highly fragmented with approximately 800 steel mills, majority state-owned in nature. EMD lists out the production by province out of which Hebei province comes first among other Chinese provinces (22% of total China production).

The EMD report then covers market trends and outlook. The Chinese government introduced measures to curb the over-heated property market in August 2010. According to our report, China’s steel consumption is expected to decelerate in 2011. As the no.1 steel importing country, what will be the impact? EMD gives you an overview of the import numbers and steel price.
It also provides a discussion on the export market. In 2009, China fell from no.1 to no.4 in the export of steel product. Exports rose by 153% YoY in the first half of 2010 due to the revival of the marco-economic condition. With the removal of tax rebates on certain steal products in July, will exports still increase in the coming months? What is the impact of China exports on other ASEAN countries?

What are the prospects of the China steel sector? What is the outlook for steel price? How does the performance differ between Chinese and non-Chinese steel producers? What are the factors leading to the difference in their EBITDA? The China Steel Industry report gives you the background to answer these questions.

Finally, it describes the competitive landscape and leading players of the industry. The China Steel Industry report provides basic company profile, history, financial highlights, performance data, recent development and SWOT analysis of Shanghai Baosteel Group Corporation, Baosteel Co. Ltd, Anshan Iron & Steel Group, Angang Steel Company Ltd., Wuhan Iron & Steel Group, Hebei Iron & Steel Group Company Ltd.

Table of Content
1. Industry Profile
1.1 Global Steel Industry
1.2 China Steel Industry
1.2.1 The Structure of the Industry
1.2.2 Fragmentation of the Chinese Steel Industry
1.3 Industry Production
1.3.1 Production of Steel Products
1.3.2 Production by Province
2. Market Trends and Outlook
2.1 Steel Consumption
2.2 Imports Market
2.3 Exports Market
2.3.1 Impact of China Export on Southeast Asia
2.4 Prices
2.5 Market Outlook
3. Leading Players and Comparative Matrix
3.1 Leading Players
3.1.1 Shanghai Baosteel Group Corporation
3.1.1.1 Baosteel Co. Ltd
3.1.2 Anshan Iron & Steel Group Corporation
3.1.2.1 Angang Steel Company Ltd
3.1.3 Wuhan Iron & Steel Group
3.1.4 Hebei Iron & Steel Group Company Ltd
3.2 Comparative Matrix
3.3 SWOT Analysis

4. Tables and Charts
Table 1: Major Steel Producing Countries (million metric tons) in 2008 and 2009
Table 2: Top 20 Steel Exporting Countries in 2009 (million metric tons)
Table 3: Top 20 Steel Importing Countries in 2009 (million metric tons)
Table 4: Major Chinese Steel Producers (million tons) in 2008 and 2009
Table 5: Production of Finished Steel Products (thousand tons) in 2008 and 2009
Table 6: Steel Production by Province (thousand tons) in 2008 and 2009
Table 7: Steel Imports by Quantity (thousand tons) from 2003 to 2009
Table 8: Steel Export by Quantity (thousand tons) from 2003 to 2009
Table 9: Price of Whorl Steel 22mm Q235 by Province (RMB per ton) from 2006 to 2009
Table 10: Baosteel Co. Ltd Distribution of Business Income and Cost of Principal Business Segments (RMB million)
Table 11: Leading Players Financial Highlights 2008 and 2009
Chart 1: World Crude Steel Production (‘000 metric tons) from 2003 – 2009
Chart 2: World Steel Production by Geographical Distribution in 2009
Chart 3: Production of Steel and Steel Products from 2001 to August 2010
Chart 4: Production of Iron Ore, Pig Iron and Coke from 2002 to August 2010
Chart 5: Production of Steel Billet by Large and Medium Enterprises from 2002 to August 2010
Chart 6: Imports of Iron Ore from 2000 to 2008
Chart 7: Steel Product Exports in China from January 2009 to August 2010
Chart 8: Exports of Selected Steel Products by Value from 2007 to August 2010
Chart 9: Trade Balance of Iron & Steel from 2005 to August 2010
Chart 10: Prices of Selected Steel Products (RMB per ton) from January 2009 to July 2010
Chart 11: EBITDA per Ton Forecast from 2004 to 2011
Chart 12: EBITDA per Ton by Region from 2006 to 2015
Chart 13: Baosteel Co. Ltd Distribution of Steel and Steel Products

About Emerging Markets Direct
Emerging Markets Direct is the online research store from ISI Emerging Markets, a Euromoney Institutional Investor Company. We deliver in-house industry research report, industry analysis and data vital to support all kinds of business decision, academic and research purposes. Our flagship product Emerging Markets Direct Report covers the top 20 industry sectors of India, China, Malaysia, Thailand, Indonesia, Vietnam and Indonesia. ISI Emerging Marketsin-house analysts crunch the numbers from our proprietary CEICdatabases and combine the results with on-the ground industry insight. The result is reliable, hard-to-get industry data, analysis and insight. Previously available only to subscribers of the ISI Emerging Markets Information Service,Emerging Market Direct reports are available now at our online research store. Our Other products are: CEIC snapshots, CEIC datatalk, Intellinews.

Technology has advanced so far in such a short space of time. The ground breaking touch screen interface of the iPhone really raised the bar in phone design. The ultra sleek look of the phone redefined what was considered beautiful in phone design. We could go on for some time listing the ways in which the iPhone has redefined the mobile phone market? but to sum up in short: everything has changed.

As impressive as all the technological achievements have been regarding the iPhone, they would not be sufficient to make it the most influential phone of all time. We have, after all, seen massive technological advances previously. One does not have to think very far back to a time when Blackberry was dominating the high technology end of the market. What really makes the iPhone stand out is the way in which it has changed the way people think about their phones.

Long gone are the days of a mobile phone merely allowing you to make and receive phone calls. Today mobile phones have become an integral part of our daily lives; with our email, daily planners, address books and even internet access now ever present in our pockets. Whilst the technology for much of these functions has been around for some time, it was never bought into by the general public. It was the iPhone that served up these facilities in such a way that the buying public finally accepted them. It is all very well having an electronic diary in your pocket, but if you don”t feel the need to use it then it is a pointless piece of technology.

The iPhone was able to unite all these different features successfully. This is partly due to the phones operating system, which successfully linked together these applications, and partly due to a strong global marketing campaign.

The operating software for the iPhone is a dramatic departure from standard mobile phone menu system. It operates as a flexible platform onto which limitless applications can be added. This application system has revolutionised the way that mobile phones are made. But this alone was not enough, what was required was the marketing hype to change the mobile phone buyers perception about their devices.

The iPhone was the perfect combination of marketing and product development. For once in the mobile phone market the product genuinely lived up to the hype. In the iPhone, Apple had successfully built a mobile phone capable of justifying its own hype. And the hype was huge.

It was the double barrelled blast of a revolutionary software platform and a marketing campaign like nothing the industry has ever seen before that secured the iPhone as being the most influential mobile phone in the history of the telecommunications industry. It has spawned several imitations, which have swamped the mobile phone market in recent months. But even in the face of this competition, the iPhone stands out as being the bar against which all other mobile phones are measured. And so far nothing has measured up.