Page 23 - Plastics News September 2023

AIPMA'S AMTEC AT WORK

5th Conference on Growth of Plastic Industry –
Import Substitution of Plastic Goods, Chennai

AIPMA’s AMTEC organised its 5th Technology Conference for Growth of Plastic Industry- Import Substitution of Plastic
Goods in Chennai on Friday 18th August 2023. The conference, aimed at boosting Make in India and facilitating import
substitution of plastic goods, witnessed participation from experts, industry representatives, researchers, government
officials and policymakers from all over the country. The conference was attended by 550+ industry professionals with
25 Speakers and 4 International experts.
This technology conference is part of AIPMA’s efforts to promote import substitution of plastic goods and support the
government’s Make in India initiative. This technology conference was supported by the Ministry of Micro Small and
Medium Enterprises, the Department of Chemicals and Petrochemicals, and the Department of Commerce; the confer-
ence aims to facilitate the manufacturing of “Make in India – Make for the World” plastic products.
While delivering the welcome address, Mayur D. Shah, President of AIPMA, said the plastic industry is well-posi-
tioned to cater to the domestic market but also emerge as a global plastic supply hub. “The Indian Plastic Industry has
proven capabilities. AIPMA has identified 553 plastic products for import substitution, totalling Rs. 37,500 crores worth
of imports. The move towards import substitution will create 5 lakh additional jobs in the country. This import substitu-
tion offers a huge opportunity. India also has the potential to emerge as a global plastic supplier. The government and the
industry are working together to further encourage growth and create a sustainable environment for the Indian plastics
industry to become the global sourcing hub. We are also confident that the Indian plastic manufacturing industry will play
a vital role in helping the country become a $5 trillion economy,” Mr Shah said.

Addressing the conference, Arvind Mehta, Chairman of AIPMA’s Governing Council and AIPMA’s Arvind Me-
hta Technology and Entrepreneurship Centre (AMTEC) said, “The Indian plastic industry is poised for rapid
growth. The size of the plastic industry is projected to grow from Rs.3.5 lakh crore in 2022-23 to Rs.10 lakh crores in
2027-28. The exports of plastic products are expected to grow from Rs. 40,000 crores to Rs. 1 lakh crore, reflecting
the global acceptance of Indian products. This is an excellent opportunity for the Indian industry and we must make the
most of it.”
The Guest of Honor for the conference, Prof Dr. Shishir Sinha, DG, CIPET (Central Institute of Petrochemicals
Engineering & Technology) addressed the conference on Policy as enabler to the growth of Plastic Industry.
The conference showcased exhibits and samples of imported plastic products, offering a technical and business road-
map to the plastic processing industry for manufacturing these products in India. The event was attended by industry
professionals, researchers, entrepreneurs, and policymakers. The final edition of the conference is scheduled in Kolkata
on August 31.

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September 2023 PLASTICS NEWS