Page 12 - Plastics News January 2018

AipmA At work

Meeting with Shri Suresh Prabhu, Hon’ble Minister of Commerce &

Industry Government of India in New Delhi

r. Hiten Bheda, President, AIPMA, Mr. L K Singh, 1. Removal of Anti-Dumping Duty on Plastic processing
MVP(North) AIPMA , Mr. Harish Dharamsi, AIPMA MC machines
Member and Mr. Deepak Ballani, Principal Advisor,AIPMA 2. Inclusion of Plastic as one of the focus sectors in Make
had a meeting withShri Suresh Prabhu, Hon’ble Minister of in India programme of Govt of India
Commerce & Industry Government of India in New Delhi
on Tuesday December 19 2017 .The AIPMA team informed 3. Pre Budget proposals for the consideration of
the minister about the growing status of Plastic industry Government of India
in India. The growth rate of the Indian plastics industry 4. Additional incentive to the Plastic industry under
is one of the highest in the world, with growth of around Foreign Trade Policy 2015-2020
16% per annum. AIPMA estimates that per-capita plastics
consumption in India is likely to reach 20 kg by 2020. 5. Review of Free Trade Agreements signed by India with
Total consumption of Plastics in expected to increase various countries
from current 20 MT to 60 MT by 2030. The total estimated 6. Support to Plastivision India 2020 1. Removal of Anti-
annual turnover of the downstream plastics industry is Dumping Duty on Plastic processing machines:-
estimated at around Rs. 60,000 Crore. It is expected that • Anti-dumping duty of Plastic processing machines
the human resources requirement in Plastic industry will is hurting domestic plastic processing industry due
fall short by four to five million people due to potential
to lack of access to appropriate and latest global
technologies. The antidumping duty on the injection
moulding machines should not be levied as Indian
MSME’s should have access to economically priced
technology.
• The antidumping duty on the injection moulding
machines should be phased out by conducting
Mid-Term reviews, in view of facilitating new
investment in the segment.
• Exemption of anti-dumping duty on plastic
growth of the sector. Considering the global potential and machinery imported under EPCG Scheme of
employment opportunities, Plastic industry is expected the Foreign Trade Policy Tariff lines 8477.1000;
to play a major role in success of Make in India policy of 8446.21; 8446.21.90; 8446.29 8446.29.00.
Government of India.
• Removal of Anti-dumping duty on specially those
Moreover, key initiatives of Government of Indian such as machines that are not manufactured in India. For
‘Swachh Bharat’, ‘More Crop per Drop of Water’, ‘Housing e.g. Two colour and two material (2K) Injection
for All’, ‘Smart Cities’ cannot be successful without moulding machine. Currently this machine
use of Plastics. Considering the enhancement in global attracts Anti-dumping duty on plastic application
consumption pattern of plastics due to its increasing cross while the same machine for leather application
sectoral usage, this sector has the highest export potential is exempted from Anti-dumping duty. Ministry
in current scenario. of Commerce & Industry is requested to address
Following key issues of the plastics industry was discussed this anomaly by removing Anti-dumping duty on
for support and intervention of the Minister:- such machines.

Plastics News Januar y 2018 12