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BW Businessworld

Avery Dennison Grants Scholarship To 10 Students

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Labeling and packaging solution provider Avery Dennison recently awarded scholarship worth Rs 9 lakh under its ‘Spirit of Invention’ (InvEnt) programme to 10 Indian students from five reputed institutes for innovation capabilities in science and technology.
"We are pleased that the InvEnt Scholarship Programme has entered its fourth year in India,” said Alicia Procello Maddox, president of the Avery Dennison Foundation, CSR wing of the company.
“As a company we are committed to improving the communities in which our employee operates and lives. We recognise the need for talent development to nurture effective leaders of the future. We are excited to play a part in the journey of these 10 students from India as they get ready to take on new opportunities in their future,” added Alicia.
The participating Indian institutes this year included Birla Institute of Technology and Science (BITS), Pilani; M.S. Ramaiah Institute of Technology, Bangalore; MIT, Manipal; Pune Vidhyarthi Griha's College of Engineering and Technology, Pune and St. Stephen's College, University of Delhi. The company provides them a tour in their plant to broaden their mind. Alicia said that there is a huge chance for retention of the best minds.
Anil Sharma, MD of Material Group, South Asia said, “We at Avery Dennison support innovations and understand the need for that. We also support social causes, which is an integral part of our Foundation. Our foundation is involved in many activities along with Smile Foundation. We work towards women empowerment, their education and improvise the Indian community.”
On asking about the investment the company will make in India, Sharma said, “Currently, the packaging and labeling industry in India is around Rs 60, 000 crore. So far we have invested $70 million in India. We are looking forward to invest $100 million in the next 6-7 years.”
The US based company which has specialized in pressure sensitive labeling has around 1,300 employees in India in its two centers, Bengaluru and Pune. Since becoming operational in the country, they have been working with different NGOs to promote education, sustainability and women empowerment.