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Srinivas Fine Arts to expand international presence

Srinivas Fine Arts to expand international presence
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First Published: Wed, Jan 02 2008. 01 33 PM IST
Updated: Wed, Jan 02 2008. 01 33 PM IST
PTI
Tiruchirapalli: Srinivas Fine Arts (P) Ltd (SAF), a Sivakasi-based printing and book technology house, is hoping to net Rs225 crore turnover this fiscal as against Rs190 crore in 2006-07.
Marketing paper and allied products alone accounted for Rs105 crores in the year 2006-07 and the remaining from printing and publishing, according to company managing director C Rajesh.
The company has got a wide range of products including social stationary and educational stationary, and seasonal products like diaries and calendars with its brand Nightingale.
Out of the total business in printing and publishing segment, 40% was realized through exports. SAF has a strong world wide represenatation with branch offices and marketing outlets in major cities.
They are also planning to enter markets in Nigeria, Uganda, Singapore, Malaysia and Canada.
The exports of quality books and premium stationary was expected to net a revenue of Rs36 crore this fiscal against Rs 30 crore last year. Future plans include foraying into the packaging industry with an investment of Rs18 crore on machinery and technology imported from Germany.
The unit, to be commissioned by the end of this month, would have a ultra modern printing process with a capacity of printing 18,000 sheets of size 24" X 29" in an hour and offer MNCs and domestic firms packaging products at international standards.
A turnover of Rs25 crore had been projected for the packaging unit within the first three years.
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First Published: Wed, Jan 02 2008. 01 33 PM IST