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Indian Plastics Industry

5/5/2017 12:16:18 AM

The Indian plastics industry made a promising beginning in 1957 with the production of polystyrene. Thereafter, significant progress has been made and the industry has grown and diversified rapidly. Currently, the Indian plastics industry is spread across the country, employing about 4 million people and over 2,000 exporters. It operates more than 30,000 processing units, of which 85 per cent to 90 per cent are small and medium enterprises (SMEs).

Introduction

The Indian plastics industry made a promising beginning in 1957 with the production of polystyrene. Thereafter, significant progress has been made and the industry has grown and diversified rapidly. Currently, the Indian plastics industry is spread across the country, employing about 4 million people and over 2,000 exporters. It operates more than 30,000 processing units, of which 85 per cent to 90 per cent are small and medium enterprises (SMEs).

Steady Growth in Exports

India is one of the most promising exporters of plastics among developing countries. The Indian plastics industry produces and exports a wide range of raw materials, plastic moulded extruded goods, polyester films, laminates, moulded/ soft luggage items, writing instruments, plastic woven sacks and bags, PVC leather cloth and sheeting, packaging, consumer goods, sanitary fittings, electrical accessories, laboratory/ medical surgical ware and travel ware, among other products.

Key Markets and Export Destinations

• In 2013-14, exports of Indian plastics stood at around US$ 7,916.94 million, compared to US$ 7,088.08 million in 2012-13.
• Indian plastics exports have grown at a rate of 11.69 per cent in 2013-14, compared to the previous financial year.
• China is the major importer of plastic products from India which was estimated at around US$ 869 million in 2013-14, followed by USA at US$ 819.93 million and UAE at US$ 386.18 million.
• Products from the Indian plastics industry are exported to more than 150 countries; major trading partners being China, the US, the UAE, Turkey, Italy, the UK, Indonesia, Germany, Vietnam, Bangladesh, Nigeria, Pakistan, South Africa, Brazil, Singapore, Saudi Arabia, Nepal, Egypt, Sri Lanka and the Netherlands.

Plastics Export Promotion Council

The Plastics Export Promotion Council (PLEXCONCIL) is the apex government body for the promotion of exports by the Indian plastics industry. The members of the council comprise large/medium/small-scale manufacturers and exporters. It facilitates exporters through various export promotion activities such as participating in international trade fairs, exploring newer markets, organising buyer seller meets both in India and overseas, and other need based activities.