Page 29 - Plastics News March 2021

FeAtures

Q. What are your observations after location and Multi-national level. If everything happens as

COVID 2019 planned we shall be implementing this shortly by the year
2022. We have already invested in machines during the
There are many lessons learnt. The pandemic was the meantime for increasing the capacities and expansion at
worst thing to happen but by god’s grace all of us at our existing plant
Jyoti were safe. Basically we are B2B and as such the
pandemic helped us to learn, realign ourselves to focus Q. What do you think about the domestic
on varied markets. Also the fact remains that COVID Plastics Industry?
2019 has brought an overall change in human psyche The domestic Plastics industry is quite well-placed and we
and awareness on health related issues. Plastics SUP has are very competitive as well. The industry needs to work
helped in reducing the infection and thus I think this will on capacity enhancements and the Professionalism that
bring about a change in perception about Plastics for it can serve global market. They should work on creating a
has been a savior during the pandemic. For businesses product and not copy any foreign product. There is a huge
interestingly, one could see a trend of international buyers growth potential for the domestic industry.
looking for Indian alternatives (manufacturers/ exporters).
This additional demand has come with challenges in terms Q. How does International Ban on Single
of overall capacity and we have been working on building Use Plastics affect the industry?
the Capacity , ramping up capacity, and the skilled talent
as well Yes the fact is we have been fighting the issue of ban on
SUP and this has been due to littering habits and lack
Q. Can we talk in terms of the expected of effective waste management systems in place. The
growth? industry needs to work on educating masses and try to
reduce waste as much as possible. We need to focus on
Yes we have been able to overcome COVID 2019, (deficit collecting and recycling and re using plastics. And this can
plus) received an increase order flow. This should help us be done there is no rocket science in it, if it can happen
register an overall 10-15 percent y-o-y growth and annually in other countries why can’t it happen in India? It’s just
we might look for around matching up business as per last a matter of focused approach.
year. Also as we have invested during the meantime that
should help us to reap some benefit as well. Q. What are your observations from the
Q. Are you working on capacity building Fiscal Budget 2021-22
as well? The fiscal budget 2021-22 has come up with a realistic
approach. The government has come up with measures
Yes, we are in the process of looking another plant in that will have a long term effect; it will strengthen
Gujarat we have already added to over 1, 50,000 sq ft agriculture, infrastructure and we need to work on it.
of area in our manufacturing plant Our manufacturing There is huge opportunity, for infra growth will help
facilities in Khadki Dungri Udwara, are all updated with a business investments over a period of time. We need to
modern day; robotics and scientific technology, on par with change our thought process and think in the interest of
the best in the world.We have also doubled the capacity at the country as a whole rather than looking it as sector
our tool rooms. With cutting-edge technology and years of specific budget. Fiscal budget has to be National it can’t
experience coming together we have been able to create a be sector / industry specific.
seamless process that ensures both quality and efficiency.
Q. Can we talk about investment that you Q. There are certain sections talking about

plan? duties on raw material, your comment.
Ideally we should look into the larger interest and not
Yes as said we do have an investment plan, for the new a specific sector of industry. We need to understand
plant near Udwada Gujrat we expect investing around INR that Fiscal budget cannot be a sector specific. Say when
60 crores, apart from land acquisition, over a period of two it comes to Plastics Industry, we have Raw materials,
to three years. We are planning to grow nationally as well as Machine Manufacturing, and Processors
overseas. The plan is to have manufacturing units at Multi

29 March 2021 Plastics News