Plastics Industry Wants Infrastructure, Tech Up-gradation | SupportBiz


Plastics Industry Wants Infrastructure, Tech Up-gradation

The industry feels that, the government should take necessary steps to rebuild the infrastructure at local, state and national levels, which can support the rapid growth of the industry in near future.

Mumbai, December 17: The plastic manufacturers have recently demanded better support from the government to enable them sustain the growth momentum, which is expected to be at CAGR of 18 per cent over next 5-7 years, reports APN News.

Plastic is the most preferred material in almost every sector, which is rapidly replacing other alternatives like wood, steel, rubber, paper, jute, etc. India currently consumes approximately 8 kgs of plastics per head which is expected to rise to 20 kgs by the year 2020. The industry leaders opined that, such growth is possible only with government support.

Raju Desai, chairman of Plastivision India 2013, said, ''The industry is trying all it can to sustain this growth rate. We are focused on innovative technologies, product development, marketing initiatives at global level etc. among many other such steps. As matter of fact, we are addressing challenges of skilled manpower ourselves. We are in the process of setting a full scale world class university exclusively focused on plastic industry. At Plastivision India 2013, we have special pavilion called Jobs Fair to attract talent into plastic industry. This fair also attends to demystify the plastic industry to everyone.''

Desai further said that, the industry needs better infrastructure support from the government. “Plastics industry needs dedicated Plastic Parks. We need consistency in policies across all states in the country. Also, since nearly 90 per cent of players are SMEs, availability of working capital is a huge challenge for most of us,” he said. Urging the government to introduce technology up-gradation scheme for plastic industry, he said that, such initiative will make the industry one of the fastest growing segments in India.