Autoprint comes forward to help print industry

-begins a finance assistance programme in cooperation with Indian Overseas Bank (IOB)

Lack of easy access to bank loans for small and medium entrepreneurs is one of the major problems in Indian print industry. In a bid to minimize this problem, Coimbatore-based Autoprint Machinery Manufacturers Pvt Ltd has taken praiseworthy initiative. The company recently signed an ‘MOU on loan syndication’ with Indian Overseas Bank (IOB) aiming to finance for printing machines manufactured and supplied by Autoprint.

As per CA Gopalkrishnan, full time consultant to Autoprint, under this programme, any individual/firm/company in India can purchase Autoprint’s machines through bank financing, with rate of interest between 12.5 to 13 percent per annum. With provision of 15 percent margin money, 85 percent finance will be executed without any processing fee and repayment may be made during three to five years with holiday period of three months.

Sanjeev Popli, director, Vidhur Graphic Solutions (distributors of Autoprint), New Delhi conveyed that under this financing scheme, they are initially targeting of around one crore rupees worth business. To generate 500 proposal for finance, Autoprint will organize ‘loan exhibitions’ in 13 cities across the country, where persons from the Bank will be available to answers all queries from the customers. The company has already executed 70 cases all over India under this scheme in order to boost sales of Autoprint’s machines.

Autoprint is one of the leading printing and allied machinery manufacturers in India, offering a wide rage of products including: Autoprint 1510 Colt (single colour), 1520 Colt (single colour), Knight (single colour), Dion 250 (two colour) and Dion 450 (four colour) sheet-fed offset machines (commercial printing); Pack to Pack 7000s (single colour) and Pack to Pack 10000i (two colour) for continuous stationery printing (computer support); Repetto 65 (die punch & creasing), Fine Coat 80 and 65 – an offline flexo coating machine for UV and aqueous coatings; and Autoprint Reckoner VDP 50 and VDP 65. To address complex as well as simple printing requirements while ensuring flexibility, increasing offerings, decreasing turn-around times and cutting down production costs too, Autoprint Reckoner VDP 50 provides a wide range of exciting and profit-enhancing applications including: numbering; barcoding; variable data printing for courier slips, application forms, personalised cheques, challans, mailers, examination forms and hall tickets; mail addressing; logo printing …and more!