Conference on growth prospects of plastic industry gets underway
Updated: Dec 08, 2014 03:07:08pm
New Delhi, Dec 8 (KNN) A two day conference that will focus on various issues relating to further growth and prospects for plastics industry in the country began in the national capital today.
Organised by FICCI and Organization of Plastics Processors of India with the support of Department of Chemicals and Petrochemicals, Government of India, the theme of the conference is ‘New Horizons for Plastics Processing Industry.’
Inaugurating the event, Minister of State for Chemicals and Fertilizers, Hansraj Gangaram Ahir, urged upon the plastics processing industry to focus on R&D and innovations and promised support of the Government for its sustainable growth.
He said the Plastics Parks set up by the Central Institute of Plastics Engineering and Technology (CIPET) should be taken advantage of.
Also speaking at the event, President FICCI, Sidarth Birla highlighted the vital role being played by the Indian Plastics Industry in national economy as also the opportunities and challenges in the sector. He appreciated the special thrust being laid by the Government on manufacturing and infrastructure, which are imperative for job creation and inclusive development.
In this context he lauded the Make in India campaign and felt the same along with other initiatives will lead to 7-8 per cent GDP growth in next 12-18 months.
On the other hand, Secretary, Department of Chemicals and Petrochemicals, Surjit Kumar Chaudhary advocated for the sustainable growth of the plastics industry, taking due care of environmental concerns and its waste management.
A Knowledge and Strategy Paper on Indian Plastic Processing Industry prepared by FICCI with the help of Tata Strategic Management Group was released on the occasion.
The study analyses the role and potential of the Indian plastics processing industry. It indicates that the penetration of plastics in agriculture globally is 8 per cent whereas in India it is substantially lower at only 2 per cent. This indicates that the agriculture sector could be one of the major segments which drive the growth of plastics in the coming years. (KNN/ES)
Organised by FICCI and Organization of Plastics Processors of India with the support of Department of Chemicals and Petrochemicals, Government of India, the theme of the conference is ‘New Horizons for Plastics Processing Industry.’
Inaugurating the event, Minister of State for Chemicals and Fertilizers, Hansraj Gangaram Ahir, urged upon the plastics processing industry to focus on R&D and innovations and promised support of the Government for its sustainable growth.
He said the Plastics Parks set up by the Central Institute of Plastics Engineering and Technology (CIPET) should be taken advantage of.
Also speaking at the event, President FICCI, Sidarth Birla highlighted the vital role being played by the Indian Plastics Industry in national economy as also the opportunities and challenges in the sector. He appreciated the special thrust being laid by the Government on manufacturing and infrastructure, which are imperative for job creation and inclusive development.
In this context he lauded the Make in India campaign and felt the same along with other initiatives will lead to 7-8 per cent GDP growth in next 12-18 months.
On the other hand, Secretary, Department of Chemicals and Petrochemicals, Surjit Kumar Chaudhary advocated for the sustainable growth of the plastics industry, taking due care of environmental concerns and its waste management.
A Knowledge and Strategy Paper on Indian Plastic Processing Industry prepared by FICCI with the help of Tata Strategic Management Group was released on the occasion.
The study analyses the role and potential of the Indian plastics processing industry. It indicates that the penetration of plastics in agriculture globally is 8 per cent whereas in India it is substantially lower at only 2 per cent. This indicates that the agriculture sector could be one of the major segments which drive the growth of plastics in the coming years. (KNN/ES)
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