Page 13 - Plastics News November 2020

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“Boosting Exports through Trade Policies and Finance” Held On 9 November at 4.00 PM

PARTNERS SUPPORTED BY
Media Partner
The Global Plastics Packaging Expo
JAN JAN JAN JAN JAN
19 20 21 22 23
TUE WED THU FRI SAT VIRTUAL EVENT
BOOSTING PANELISTS MODERATOR
EXPORTS
THROUGH TRADE
POLICY AND
FINANCE

MIHIR SHAH ABDULLA BIN DAMITHAN ARVIND GOENKA JAYESH RAMBHIA
Advisor & Consultant Chief Commercial Officer Managing Director Past President
in International Business & GST DP World, UAE Region RMG Polyvinyl India Limited & AIPMA
Vice Chairman, Plexconcil
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9 Nov. 2020 4:00 - 5:30
Monday PM PM
The webinar started with Mr. Deepak Ballani – DG AIPMA, reduce funding cost using trade finance and it's finer
introducing the President – Mr. Chandrakant Turakhia who aspects which make an impact on one's day to day business.
gave the welcome address and Chairman Governing
Our experts Mr. Mihir Shah, Advisor and Consultant in
Council – Mr. Arvind Mehta, gave us the Industry International Business and GST
perspective on the said topic.
Mr. Arvind Goenka, Managing Director, RMG Polyvinyl India
The Indian plastics industry made a promising beginning in Limited and Vice Chairman, Plexconcil, Mr. Abdulla Bin
1957 with the production of polystyrene. Thereafter, Damithan, Chief Commercial Officer -UAE Region and Mr.
significant progress has been made, and the industry has Avinash Chandra - Senior Vice President and Program
grown and diversified rapidly. The industry spans the Manager – Knowledge Banking Unit, who have shared their
country and hosts more than 5,000 exporters. It employs knowledge and insights with us so we can apply it for a
about 7 million people and comprises more than 50,000 better understanding and development of our businesses.
processing units, 85-90 percent of which are small and
medium-sized enterprises. Mr. Jayesh Rambhia, AIPMA's Past President was the
moderator for this session. Mr. Rambhia has always been
For such a huge industry, exports play a vital role in adding very keen in taking steps for the betterment of the
to the success of our respective businesses. India had industry.
exported USD 8 billion worth of plastics during in FY19,
making it the 17th largest plastic exporter in the world and After the presentations by the experts, the floor was left
exported out of a global market of USD 600 billion. But in a open for Q/A round to provide the participant a direct
country like ours, the exports have always remained opportunity to interact and clear their doubts with the
expert.
subdued over the years and imports have always been way
higher. Our Target Audience –
Promotion of exports are an important objective of any Existing exporters, MSME Exporters (Entrepreneurs),
growing economy for many reasons and one is to balance Aspiring exporters, Export Managers, International
the trade deficit. In a country like ours, the exports have Business players.
remained subdued over the years and imports have always Key Takeaways from this webinar –
been way higher. The policy relate to Trade do play a Understanding of policy measures on exports and
significant role in this.
international trade finance, its finer aspects which make
Companies are constantly seeking new markets to expand an impact on one's day to day business. How MSMEs can
their marginal revenues and spread their fixed costs over reduce funding cost using trade finance.
larger markets. Most companies realize very quickly, The eminent and experienced speakers gave enlightening
however, that to be competitive in these markets, they presentations, fruitful discussions took place and over 150
must be willing to offer some sort of extended-term
financing. participants attended the webinar.
Mr. Mayur D Shah Vice President- Finance, AIPMA ended
In this session we got to know more about Trade Policies the session by thanking the President, expert speakers,
which are important to be updated for any exporter, sponsors and all the participants for making the webinar a
irrespective of being MSME or non-MSME business. Not only great success.
this, it is also helpful to the MSME's to learn how they can

NOVEMBER 2020 13 Plastics News