Plastics Industry To Benefit From Budget's Domestic Production, Innovation & Infrastructure Push: PlastIndia Foundation

ENA Sectors 2026-02-02 17:45:45 New Delhi, Feb 2 (KNN) The PlastIndia Foundation, representing Indias plastics industry, has welcomed the Union Budget 2026 27, describing it as a balanced, forward-looking plan that supports economic growth, manufacturing competitiveness, and sustainability. Ravish Kamath, President, PlastIndia Foundation, said, The Budgets strong emphasis on infrastructure development, manufacturing, MSME support, ease of doing business, and skilling will have a positive multiplier effect on the plastics and downstream industries, which are integral to sectors such as packaging, agriculture, healthcare, construction, and mobility. Measures aimed at boosting domestic production, encouraging innovation, and enhancing infrastructure will significantly benefit the plastics industry, which plays a vital role in enabling growth across multiple sectors of the economy, he added. He observed that continued focus on MSMEs, access to credit, and technology upgradation will help Indian plastic processors enhance competitiveness in domestic and international markets. Kamath emphasised, The initiatives focused on sustainability, circular economy, and waste management, noting that these align well with the plastics industrys ongoing transition towards responsible manufacturing, recycling, and resource efficiency are welcome. He reiterated the plastics industrys commitment to supporting policies that promote circularity and the environmentally responsible use of plastics. (KNN Bureau) 45004 https://knnindia.co.in/news/newsdetails/sectors/plastics-industry-to-benefit-from-budgets-domestic-production-innovation-infrastructure-push-plastindia-foundation 2026-02-02 17:45:45 knnindia.co.in Plastics Industry To Benefit From Budget's Domestic Production, Innovation & Infrastructure Push: PlastIndia Foundation