Page 27 - Plastics News March 2025

ENVIRONMENT NEWS

Plastics Industry Pushes for PLI Scheme

to Boost Global Presence

he All-India Plastics Manufacturers’ As- version cost of recycled plastic granules from
sociation (AIPMA) has urged the govern- 18% to 5% and introducing a 20% subsidy on
Tment to introduce a Production-Linked capital equipment for recycling to promote
Incentive (PLI) scheme for the plastics sector in eco-friendly manufacturing practices.
the upcoming Budget 2025 to enhance India’s
competitiveness in the global market. Another key demand is the development of
plug-and-play infrastructure for MSMEs, which
In a pre-budget consultation with Union Finance would provide ready-to-use facilities and help
Minister Nirmala Sitharaman, AIPMA empha- smaller businesses reduce financial burdens
sized the urgent need for policy interventions and scale up efficiently.
to support plastic manufacturers in scaling up
operations. AIPMA Chairman Arvind M Mehta With these measures, AIPMA aims to position In-
highlighted that China's plastic finished goods dia as a global leader in plastics manufacturing
exports are currently 25 times higher than In- and exports, while fostering sustainable growth
dia's, presenting a significant opportunity for In- and technological advancements in the sector.
dian manufacturers to expand their global foot-
print.

To boost domestic production and exports,
AIPMA has proposed a PLI scheme that would
provide financial incentives for manufacturers to
enhance capacity, adopt advanced technology,
and improve product quality. Additionally, the
association has sought the establishment of a
₹2,500 crore Technical Upgradation Fund over
five years, similar to the textile sector’s Technol-
ogy Upgradation Fund (TUF), to modernize the
plastic processing industry.

AIPMA has also called for zero GST on plastic Source: Business Standard
waste and recycling machinery to encourage
sustainability and circular economy initiatives.
It further suggested reducing GST on the con-

March 2025 PLASTICS NEWS 27