Page 31 - Plastics News February 2021
P. 31

FeAtures




          overall growth the plastics industry was of the opinion that   production of plastic raw materials. Finished goods of
          lowering the custom duty on Naphtha  would have helped   plastics should have attracted higher duties. We welcome
          the production of plastic raw materials.              the  announcement to  review  invertecross-subsidyure
                                                                under GST.
          Government has to encourage plastics’ manufacturing
          companies to become an integral part of global supply   But there is no allocation for MEIS shipments made for
          chains, possess  core  competence and cutting-edge    2019-20 and 2020-21 – we seek clarity on the same .The
          technology.                                           increased  focus  on  providing  alternative  discoms  and
                                                                reduction in cross subsidy shall help industrial consumers.
          PLEXCONCIL  has  been  seeking  the  inclusion  of  plastics
          under the PLI Scheme. We welcome the review of 400    MSMEs in the plastics industry will benefit from Collateral
          existing  custom  exemptions  this  year.  PLEXCONCIL   free loans for businesses. Increased outlay for road and
          requests for reduction in customs duty on Plastic raw   rail infrastructure shall help logistics movement within
          materials. Naphtha custom duty lowered will help      the country/ICD.”





























































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