Page 18 - Plastics News August - 2023
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AIPMA'S AMTEC AT WORK




                  3  Conference on Growth of Plastic Industry – Import Substitution of
                    rd
                                             Plastic Goods, Ahmedabad





















          The conference on Growth of Plastic Industry- Import Substitution of Plastic Goods was organized by AIPMA’s AMTEC
          on 28th July 2023 in Ahmedabad. The conference was attended by 450+ polymer industrialist including visionaries of
          the industry, researchers and entrepreneurs.

          This technology conference is part of AIPMA’s efforts to promote import substitution of plastic goods and support the
          government’s Make in India initiative. This technology conference was supported by the Ministry of Micro Small and
          Medium Enterprises, the Department of Chemicals and Petrochemicals, and the Department of Commerce; the confer-
          ence aims to facilitate the manufacturing of “Make in India – Make for the World” plastic products.

          President of the All India Plastics Manufacturers Association (AIPMA), Mayur D. Shah emphasized that the plastic indus-
          try will play a vital role in India’s ambition to become a 5 trillion dollar economy. The plastic industry is well-positioned
          to cater to the domestic market but also emerge as a global plastic supply hub, Mr. Shah said. Addressing the conference,
          Arvind Mehta, Chairman of AIPMA’s Governing Council and AIPMA’s Arvind Mehta Technology and Entrepreneur-
          ship Centre (AMTEC) said, “The Indian plastic industry is poised for rapid growth. The size of the plastic industry is
          projected to grow from Rs.3.5 lakh crore in 2022-23 to Rs.10 lakh crores in 2027-28. The exports of plastic products
          are expected to grow from Rs.40,000 crores to Rs.1 lakh crore, reflecting the global acceptance of Indian products. This
          is an excellent opportunity for the Indian industry and we must make the most of it.”
          The AIPMA’s AMTEC conference served as a platform for direct dialogue between manufacturers and importers. It also
          showcased various technologies and innovations to facilitate import substitution. Speakers at the conference empha-
          sised the plastic industry’s role in promoting initiatives like Atmanirbhar Bharat and Vocal for Local.
          The conference also featured keynote  addresses from noted speakers.  Gurinder  Singh, MD of ONGC Petro
          additions Ltd, spoke about the evolving opportunities for petrochemical industries due to import substitution of plas-
          tic goods. Jigish Doshi, President of Plast India Foundation and MD of Vishakha Group, shared his insights on business
          opportunities for the Indian plastics industry as more companies pursue the “China plus one” strategy to reduce their
          dependence on China. Mahendra bhai Patel, Chairman of Mamata Machinery, addressed the conference on the business
          opportunities for the plastic machinery industry due to import substitution.
          The conference featured sessions on Innovations in Raw Material & Supply Chain Requirements for Import Substitu-
          tion, Requirement of Innovative Plastic Processing Technologies for Import Substitution, and Requirement of Tooling,
          Dies & Jigs Fixtures for Import Substitution. These sessions stressed exploring avenues for reducing import dependence
          and enhancing the domestic manufacturing of plastic products, ultimately contributing to the country’s growth and job
          creation.



          18   PLASTICS NEWS                                                                           August 2023
          18 PLASTICS NEWS
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