By 2020, India will be the third largest consumer of plastics with over 2 million tonnes / pa
Hyderabad, November 08, 2017…….Cement and rice will also drive the consumption of Plastics industry in the states of Telangana and Andhra Pradesh. With 40% of national production of Cement and large amount of rice produced, Plastics industry of the two states would gain due to the national thrust on infrastructure and changing food habits will drive increase of packaging. The other contributors to the growth will be two large paint pails manufacturers in Telangana and they are supplying to all large paint manufacturers in the country coupled with major lubricants and edible oil industry. The plastics industry in two states is adopting the latest technologies in manufacturing and is among the largest continent to Plastindia 2018 international plastics exhibition.
The triennial Plastindia event to be held atGandhinagar from 7th to 12th February, 2018 is expected to draw over 200,000visitors and over 2000 exhibitors from across 40 countries. Speaking withindustry peers at the Press meet of Plastindia Foundation and Golden Jubileefunction of Telangana & Andhra Plastics ManufacturersAssociation, K. K. Seksaria, President, PlastindiaFoundation said, “The Plastics industry in Telangana and AndhraPradesh, two prominent states , will benefit from the national economicgrowth.
The macro-economic factors such as thrust onimport-substitution through initiative such as Make in India, skill india,digital india, clean india, smart cities, mega highway projects, ruralelectrification, irrigation projects, rising per capita income, burgeoningmiddle class , predominantly youth population would form the backdrop for someexciting times ahead for Andhra Pradesh and Telangana plasticsindustry along with all india plastics industry. Of course, thetraditional strengths of cement and rice will lead the growth. We expectindustry from the two states grow much faster than GDP and more thandouble its current size of Rs. 8000crore in next five years ”
Mr. Seksaria further added, by 2020, Indiawill be the third largest consumer of plastics with over 2million tonnes of annual consumption in agriculture itself. In thenext five years, India’s packaging industry will double plasticconsumption and the per capita consumption is likely to double .
Explaining further about Plastindia 2018, Rajeev Chitalia,Chairman, Exhibition Committee, commented, “This will be the biggest everPlastics trade fair in India. We are getting enquiries from across all parts ofIndia and also about 40 other countries. This will be a compellingopportunity that no industry participant can afford to miss. We will shareknowledge through various conferences and conventions, create interactingplatforms like Reverse Buyer-Seller Meets, pre-approved loans from HDFC bank,etc., this event is all about empowering global growth for India’s plasticsindustry ."
Mr. Chitalia further added, "In our industry, weare no longer asking What IsNext, but stating that Next Is Here.”
PLASTINDIA 2018 , the 10th Internationalplastics exhibition , conference and convention , a triennial event ,would be second-largest in world and largest in south-east Asia. The event issupported by Government of India, Government of Gujarat and iNDEXTb andministry of chemicals & fertilisers , Govt. of India