Indian smart card industry to grow 20%: Report

Mumbai : The Indian smart card industry is predicted to grow by 20 percent through 2012, according to a report published by RNCOS.

While a McKinsey & Company report noted that organized retail in India is expected to increase from five percent of the total market in 2008 to between 14 and 18 percent and reach US$450 billion by 2015, making it one of the fastest growing markets in the world.

With the ever increasing application of smart cards in industrial sectors and growing awareness of its benefits in the Indian market, Zebra Technologies (Nasdaq: ZBRA), a global leader in specialty printing and automatic identification solutions, will showcase a display of its card and barcode printer solutions at the Smart Card Expo & India Retail Forum, respectively starting on September 28 here.

?Our participation in the Smart Card Expo and India Retail Forum will provide us with an opportunity to connect with customers and showcase our wide range of products which would help them achieve a competitive edge,? said Andrew Tay, President of Zebra Technologies, Asia Pacific.