'The Japanese Market is Shrinking and India is Growing'

- Paramita Chatterjee

In February, the $2-billion Max Group roped in the Japan-based packaging and printing solutions behemoth Toppan Printing as a strategic partner of Max Speciality Films, the flagship manufacturing business of Max Ventures and Industries Limited (MaxVIL). While this will pave the way for Toppan to make an India foray with an investment of Rs 200 crore, it will also bolster Max’s speciality films business. Forbes India caught up with Analjit Singh, founder and chairman emeritus of the Max Group, at his office in Lutyens’ Delhi, where he is joined by Shingo Kaneko, the Toppan president. Edited excerpts:

Q How has life changed post the demerger of the erstwhile Max India? Could you also reflect on the joint venture with Toppan?