Page 31 - Plastics News February 2025
P. 31
COMPANY NEWS
"China's export of plastic finished goods is cur-
rently 25 times higher than India's, underscor-
ing the vast opportunities for India to expand its
exports of finished plastic products. To achieve
this growth, AIPMA is proposing the introduction
of Production-Linked Incentives (PLI) to support
manufacturers in scaling up operations," he add-
ed.
AIPMA also demanded the establishment of a
technical upgradation fund for the plastic pro-
cessing sector with an allocation of Rs 2,500
crore over 5 years on the lines of the textile sec-
tor's Technology Upgradation Fund (TUF).
equipment for recycling, the association said in It also proposed creation of plug and play fa-
a statement. cilities that provide ready to use infrastructure
to enable MSMEs to start operations seamlessly
AIPMA Chairman Arvind M Mehta said India has and scale quickly by reducing financial burden
immense potential to scale up its operations and on smaller businesses.
increase its share in the global plastic market.
Source – Business Standard
February 2025 PLASTICS NEWS 31
