Page 43 - Plastics News December 2025
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BUSINESS NEWS
PIYUSH GOYAL EXHORTS DOMESTIC PLASTICS
INDUSTRY TO DOUBLE EXPORTS
umbai, Nov 16 (IANS) Commerce and EU are expected to drive further growth. The in-
Industry Minister Piyush Goyal on Sun- dustry is also targeting emerging markets in Af-
Mday exhorted the Indian plastics indus- rica, Latin America, and the Caribbean.
try to aim at doubling exports, focus on sustain-
ability and adhere to international standards. The plastics industry is present across the coun-
try and has more than 2,500 exporters. It em-
In his address at an industry event here, the min- ploys more than 4 million people in the country
ister emphasised the need to continue to focus and constitutes 30,000 processing units; among
on the growth and global competitiveness of the these, 85-90 per cent belong to small and me-
sector by branding India as a high-quality and dium enterprises.
cost-competitive producer.
India manufactures various products such as
“MSMEs in the plastics industry have a delta of plastics and linoleum, houseware products,
opportunity to grow and contribute to export cordage, fishnets, floor coverings, medical items,
growth,” Goyal said. The minister presented the packaging items, plastic films, pipes and raw ma-
Plexconcil Export Excellence Awards 2023-25 to terials. The country majorly exports plastic raw
the deserving winners from the Indian plastics materials, films, sheets, woven sacks, fabrics,
industry at the event. and tarpaulin. The Government of India intends
to take the plastic industry $126 billion) in the
India’s plastic exports reached $12.5 billion in FY next five years.
2024-25, recording an 8 per cent growth over
the corresponding figure of $11.5 billion for the As many as 10 Plastic Parks have been approved
previous financial year. in the country by the Department of Chemicals
and Petrochemicals. Among these, six plastic
Key exports include plastic raw materials, pack- parks have received final approval from the fol-
aging items, and films, with growth seen in spe- lowing states – Madhya Pradesh (two parks),
cific product categories like plastic films and while Assam, Tamil Nadu, Odisha and Jharkhand
sheets and packaging items. The United States, have each given clearance for one park. These
China, the United Arab Emirates, and Germany parks are intended to boost employment and
are major export destinations, and the industry attain environmentally sustainable growth.
is focusing on increasing its global market share
and improving supply chain efficiency. –IANS sps/na
The government is focusing on efforts to boost
exports and competitiveness through quality im-
provement and supply chain streamlining. Trade
agreements with countries like the US, UK, and
December 2025 PLASTICS NEWS 43
