Page 9 - Plastics News April 2022

Counting That Extra Mile Ahead

Its my pleasure to inform you that this month PVI Plastivision India AIPMA’s International
Exhibition has successfully completed 30 years. It was on April 11, 1992 the first trade exhibition
Plastivision India was held at Nehru Centre in Mumbai. With a humble start in its endeavor
to showcase the talent of the local domestic industry and provide International exposure to the
entrepreneurs at the global level.

All 11 editions in the past years have been a resounding. Over the years PVI has grown in leaps
and bounds and with its huge success has made it rank among the top 5 plastics industry events
held globally.PLASTIVISION INDIA is the only trade fair exhibition from the plastic industry
approved by UFI (the premier Paris-based exhibition authority). The 11th edition PVI 2020
witnessed over 2,90,000, visitors over the five day event in Mumbai with business transaction
estimated of worth Rs 3000 Crores over..

I am sure the next edition scheduled during 07 - 11 December 2023 will be a great show as well.
Plastivision India is one of the largest plastic exhibitions of India that concentrates on the plastic
industry providing platform for plastic industry players like manufacturers, dealers, buyers, and
end-users to network and upscale their plastic businesses.

While the growth of Plastics sector is for sure the recent support from the Commerce and
Industry minister Piyush Goyal has added to the confidence of the entrepreneurs.

Last week the minister Piyush Goyal was in Mumbai at the invitation of Plexcouncil, Speaking
at the Exports Excellence Awards wherein he reiterated the need for India’s plastic industry
to emerge as a benchmark for quality & carve its way towards a larger global market share by
making the Industry truly Aatmanirbhar.
The plastic industry is targetting to more than double its annual exports to $25 billion by 2025,
commerce and industry minister Piyush Goyal said, as he called on domestic manufacturers to
look at substituting imports as well.

He urged that the industry should also aspire to raise its annual turnover to Rs 10 trillion
in about five years from Rs 3 trillion now. Highlighting that plastic imports, too, remained
elevated at about $17 billion (in FY22), the minister exhorted local companies to strive for
greater import substitution, including of raw materials meant for producing finished plastic
products and further to keep monitoring the level of imports.
Commenting on the fact that much of the imports comprise raw materials, the minister said
“we need a couple of large players to invest in these segments (raw materials) then”. China is the
biggest sources of India’s plastic imports.

Goyal acknowledged growing concerns about plastic wastes and asked the industry to
commission studies and undertake research to come out with innovative ideas to recycle plastic
waste without damaging the broader environment.
The minister highlighted the fact that the plastic industry is one of the biggest employment
generators in the country. With the expansion of manufacturing as well as exports, job
opportunities in this segment may also double in the next five years.
Let’s work for the betterment of the industry.
Rajiv B. Tolat
Hon. Editor
publication@aipma.net

9 PLASTICS NEWS April 2022