Page 12 - Plastics News July 2023

Plastic industry should focus on manufacturing quality, sustainable products
and increasing exports: Hon'ble Minister Mr. Goyal
India can become globally com-
petitive.

"We should also offer sustain-
able products to the global sup-
ply chains, which are looking for
trusted partners. For all this inno-
vation is the key. We also welcome
startups to participate, who offer
new ideas on disposal and reuse of
plastic waste and to improve our
productivity and production pro-
cesses," he said.

Goyal urged the plastic industry
to expand its contribution to the
GDP of the country in the next five
years.

"Lets also aim to triple the plastic
industry in the next 10 years and
aim to double the employment
umbai, Jul 7 (PTI) Commerce sensitive to the potential of the in-
Mand Industry minister Piyush dustry as well as about the prob- that the sector provides along with
Goyal on Friday urged the plastic lems of the plastic industry. doubling India's exports," he add-
industry players to focus on manu- "We are looking at how we can ed.
facturing quality and sustainable support the recycling of plastic Meanwhile, the All India Plastics
products with new technology waste or reuse of plastic raw mate- Manufacturers' Association (AIP-
and innovation to become globally rial, and how we can make plastic MA) has conducted a detailed
competitive and increase exports. disposable more effective and ef- study on import of plastic goods
"...we are introducing quality ficient. The global average rate of in the country, which revealed
checks and quality control on or- recycling is just 9 per cent. Some that Rs 37,500 crore plastic goods
ders to stop the production or of the developed economy is as were imported in 2021-22.
consumption, whether domestic low as 4 per cent. In this India out- After detailed analysis, AIPMA has
or imported, of sub-standard and shines, as 13 per cent of our plastic selected 553 plastic products for
low quality, under-priced goods, is being recycled. We would like to import substitution, which is es-
which tend to hurt the plastic in- see this number grow exponen- timated that plastic goods worth
dustry, our consumer interests and tially in the near future," he added. Rs 37,500 crore would create an
hamper the overall reputation and The minister further said that the additional requirement of around
image of our country," the minister plastic industry should mould itself 4 million tonnes of raw material
said at the 2nd 'Technology Con- with emerging times and needs per annum and over 16,000 plas-
ference for Growth of Plastic In- of this world with newer ideas, tics processing machines including
dustry' organised by industry body adoption of latest technology, col- tools, moulds, jigs and fixtures. It
AIPMA. laborations with stakeholders for would also create 5 lakh additional
Goyal said, the government is very research and development, so that jobs in the country.

12 PLASTICS NEWSASTICS NEWS July 2023
12 PL