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Plastics exports to be $15 billion in next 5 years

By Niranjan Mudholkar,

Added 23 November 2016

Plastindia Foundation holds Special Preview of PLASTINDIA 2018 in Ahmedabad

plastindia-2018

Plastic Industry is making significant contribution to the economy, development and growth of various key sectors in the country namely Automotive, Agriculture, Electronics, Construction, Healthcare, Textiles, FMCG etc.

It is one of the fastest growing industries in India. Plastic industry would also contribute in a big way in the success of Government initiatives such as Make in India, Skill India, Digital India, Swach Bharat Abhiyan etc which are opening up opportunities and accelerating growth even more rapidly.

Sharing further details, Rajeev Chitalia, Chairman of NEC, PLASTINDIA 2018 mentioned, “It seems that the centre of gravity is rapidly shifting to India due to the opportunities here.  India is the world’s NEXT Plastic destination by virtue of both, its sheer size and tremendous growing domestic demand.

"The facts and figures say it all. By 2020, Plastics consumption of India is set to increase from the current 12 million metric tonnes per annum to 20 million metric tonnes per annum. India will deploy 1, 80,000 machines by the year 2020 as compared to the current 1, 13,000. The export of Plastics finished goods alone is set to nearly double from $ 7.9 billion currently to $15 billion in next 5 years.

"The industry is determined to play a significant role in executing government’s vision of raising exports to $900 billion by 2020.  If the response to PLASTINDIA 2018 is any indication, then Indian plastics industry is looking at great times ahead. The event would be spread over 125,000 square metres of gross area spread across 15 state-of-the-art halls. About 2000 companies including 600 companies from across 40 countries would display their products, technologies and innovations in PLASTINDIA 2018.

(Continued on the next page)

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