Page 20 - Plastics News May 2017

What is your opinion on the current trends
Q in the plastic Industry in India as compared
to other nations?

Ans: India's plastics industry believes it's on track to more
than double its polymer consumption by 2020, to 20 million
metric tons.
In addition, the Indian government plans to spend $1
trillion dollars on infrastructure by 2020, the market for
electronics goods will grow by 700 percent and country's
manufacturing sector will likely jump from the world's
12th largest now to number seven by 2025

Kindly give a short brief of your experience
Q in Plastvision India 2017 Exhibition?

Ans: Plastvision 2017 India is one of the largest exhibitions
of India that concentrates on the plastic industry. This What are your views on the rollout of
international event will be held for a period of five Q GST?
consecutive days at the Bombay Exhibition Center in
Mumbai, India. It brings together all plastic industry With GST, it is anticipated that the tax base will be
aspirants under one roof,we had excellent interaction and comprehensive, as virtually all goods and services will be
enquiry for a new development of business. We expecting taxable, with minimum exemptions.
to click enquiry into business with in short time. GST will be a game changing reform for the Indian economy

by creating a common Indian market and reducing the
What are your further plans in India? Any cascading effect of tax on the cost of goods and services.
Q New Investments?If yes then where? It will impact the tax structure, tax incidence, tax

We are planning to start new office with in short time.. computation, tax payment, compliance, credit utilization
and reporting, leading to a complete overhaul of the
Current State of Human Capital for this current indirect tax system.
Q industry? Please Comment? GST will have a far-reaching impact on almost all the
aspects of the business operations in the country, for
Human Capital of this industries estimates that the instance, pricing of products and services, supply chain
demand for polymers to jump to 16.5 million metric optimization, IT, accounting, and tax compliance systems.
tonnes by 2016-17 from 11 million tonnes during 2012-13,
resulting in consumption rising by 10.8 percent compound
annual growth rate. ZAMINDIA (Zambello India Sales & Service Office)

India is expected to be among top 10 packaging consumers Mobile: +91 9925835500
in the world by 2016 with demand set to reach $24 billion, E-mail: msanandiya@zambelloindia.com
according to the report. C/602, Riddhi Tower, Nr. Lotus School, Jodhpur Gam Road,
Jodhpur,Satellite, Ahmedabad –380015 Gujarat.India.

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