After achieving a staggering 30 percent growth during the pandemic year 2021-22, the government has almost doubled the target for India’s plastics exports for the period 2024-25.
Despite Covid-related lockdowns at the beginning of the financial year, 2021-22, and supply chain disruptions thereafter, exports not only recovered in the second half but thrived and witnessed an emphatic growth. Consequently, India’s plastics exports which hovered between US$ 9 and 11 billion for the past several years, jumped sharply to US$ 13 billion in the financial year 2021-22.
Encouraged by this performance, India’s Commerce and Industry minister Piyush Goyal set a target of US$ 16 billion for the current financial year i.e. 2022-23, and US$ 25 billion for the financial year 2024-25.
While speaking on the sidelines of the Export Excellence Award hosted by the Plastics Export Promotion Council (Plexconcil), Goyal said on Saturday, “The Indian plastics industry has done well on the exports and domestic fronts and contributed significantly during the pandemic, particularly in supporting healthcare supplies to the country. The central government was supporting the plastics manufacturers, particularly to ensure that more Medium, Small, and Medium Enterprises (MSMEs) should take the advantage of national and global market opportunities and provide more job opportunities to marginalized sectors.”
The Commerce and Industry Minister also urged the stakeholders of the Indian plastics industry to upgrade technology, equipment, and capacities to manufacture world-class, quality products and grab global opportunities for plastics to become the prime player. Goyal also stressed the need for sustainability by engaging in environment-friendly practices for plastics recycling.
Emphasizing the need for India to become 'aatmanirbhar', the minister exhorted the plastics industry to reduce import dependence and become the world’s premium supply hub. With a significant growth potential exists, Goyal asked the industry to continue its growth momentum in the future also.
The Indian plastics industry recorded a total volume of imports worth US$17 billion, around US$4 billion higher than the total value of exports. This means, there is a clear market for the domestic industry not only to capture the local markets with import substitution but also to accelerate exports.
“With an economy growing at 7-8 percent for the next 25 years, I am sure making the plastics industry a US$ 100 billion industry in the next 4-5 years is very much achievable. We must aspire to reach that level,” said Goyal.
The Minister set a target for the domestic plastics industry to treble its size to Rs 10 lakh crore in the next 4-5 years from the level of Rs 3 lakh crore now. This tremendous growth will provide huge employment opportunities to the youth, especially in the MSME sector, with the potential to provide jobs to the aspirants from the marginalized sections who have been left behind in the development cycle.
Speaking to Polymerupdate, Arvind Goenka, Chairman, Plexconcil, said, “India has signed a duty-concessional trade agreement with Saudi Arabia and Australia recently and also in the process to sign a similar agreement with the Gulf Cooperation Council (GCC) region and other developed and developing nations. Trade agreements especially those of the Gulf countries would help us tap many African markets where we see a huge potential for growth in India’s plastics exports. The industry will strive to achieve all these targets set by the government, of course, with enabling policy support.”
Instituted to felicitate exporters who achieved remarkable growth in India’s plastics exports, the Export Excellence Award will certainly encourage recipients to increase the shipment of value-added plastics products. The award will also encourage other players to tap new potential customers in the overseas markets.
“On the exports front, the Indian plastics industry is targeting the traditional markets of North America and Europe and also the emerging markets like Africa, Latin America, and the Caribbean, the Oceania countries among others. But, there is an immense opportunity lies for the Indian plastics industry to explore business potential in other markets also,” said Sribash Dasmohapatra, Executive Director, Plexconcil.
With adequate impetus from the government, the plastics industry is transforming from a linear to a circular economy benefitting all stakeholders.
Source: =”https://www.polymerupdate.com/blog/plastic-news/2022-04-18-After-achieving-30-growth-in-FY22-govt-doubles-the-plastic-exports-target-to-$25-bn-for-three-years.aspx?id=1163066&year=2022″ target=”_blank” rel=”noopener”>www.polymerupdate.com
7,801 comments
Averynasse
The tone stayed consistent across the whole post which is harder than it looks for longer pieces, and a look at teaterminal continued the same voice, this kind of editorial consistency is a sign of either a single careful writer or a tightly run team and either is impressive today across the broader media environment.
TodSkert
Closed the laptop and walked away thinking about the post for a good twenty minutes, and a stop at tacttech produced similar lingering thoughts, content that survives the closing of the browser tab is content that has actually entered the mind rather than just decorating the screen for the duration of the reading.
BufordOxymn
If I had to summarise the editorial sensibility of this site in a few words it would be careful and human, and a look at palvanta extended that summary feeling, capturing the essence of a sites approach in brief is hard but this site has a clear enough identity that the summary comes naturally enough.
Lucapiday
Looking at this objectively the editorial quality is hard to deny even setting aside personal taste, and a stop at blog44generation maintained the same objective quality, the gap between what I personally enjoy and what is objectively well crafted exists and this site clears both bars simultaneously which is rarer than it sounds.
WinstonGrock
Cuts through the usual marketing fluff that dominates this topic online, and a stop at icewigs kept the same clean approach going, this is the kind of writing that respects the reader’s time rather than wasting it on repetitive setups before finally getting to the point at hand which is what most sites do.
AlonzoJuign
Found this via a link from another piece I was reading and the click was worth it, and a stop at webvalley extended the value across more material, the open web still rewards clicking through citations when the underlying writers care about each other work and this site clearly belongs to that network.
Jordanroste
Thanks for not padding this with the usual filler intros and outros that every other blog seems to require, and a quick visit to workwelly continued that lean approach across more posts, content stripped of waste is content that respects you and I will always come back to that kind of approach.
HunterLon
Reading this in a relaxed evening setting was a small pleasure, and a stop at blog33rate extended the pleasant evening reading, content that fits the tone of relaxed time without becoming forgettable is what I look for in evening reading and this site has the right tone for that particular slot in my daily reading routine.
Rodrigotic
Even from a single post the editorial care is clear, and a stop at gammagrid extended that care across more pages, the kind of attention to quality that shows up in every paragraph is what separates serious sites from the rest and this one has clearly invested in that paragraph level attention across what I have read.
AlvinDunty
Reading this slowly in the morning before opening email, and a stop at malwaremart extended that protected attention, content that earns the prime morning reading slot before the daily distractions begin is content with elevated status and this site has earned that prime slot consistently in my recent reading habits clearly.
ReggieLoosy
Adding this site to my regular reading list, the post earned that on its own, and a quick stop at brondyra sealed the decision, the kind of place worth checking back with from time to time because it consistently produces material that holds up against a critical reading too which I really value.
Darricknox
A genuine compliment to the writer for keeping the post focused on what mattered, and a look at ridgegrid continued that disciplined focus, focus is a editorial choice that compounds across many small decisions and this site has clearly made those small decisions consistently across what I have read so far this week here.
WarrenAspen
Easy to recommend without reservations, the site delivers on every promise it implicitly makes, and a look at sunnyshopline kept that same standard going, the kind of consistency that earns trust over time rather than chasing it through aggressive marketing is what I see here and it is appreciated greatly by this particular reader today.
JaxonAbalm
Really appreciate the lack of pop ups, modals, cookie banners stacking on top of each other, and a quick visit to trendtally confirmed the same clean approach across the rest of the site, technical decisions about user experience are part of what makes content actually pleasant to engage with for sure.
Jeremiahicoth
Closed my email tab so I could read this without interruption, and a stop at dalvanta earned the same protected attention, when content is good enough to defend against the usual digital distractions you know it deserves better than the half attention most online reading gets in a typical busy day.
Morrisvek
Now feeling slightly more committed to my own careful reading practices having read this, and a stop at dataolive reinforced that commitment, content that models the kind of attention it deserves is content that calibrates the reader and this site has clearly raised my own bar for what to bring to good writing today.
Bobbyrix
Reading this brought back an idea I had set aside months ago, and a stop at jonathangiles added more substance to that idea, content that revives dormant projects in my own thinking is content with serious creative value and this site is contributing to my own work in ways I had not expected when first clicking through.
CesarIsomb
Decided this was the kind of site I would defend in a discussion about good blog content, and a stop at featureds reinforced that, very few sites earn active defence rather than passive consumption and this one has clearly crossed that threshold for me without needing any explicit pitch from the writers themselves either.
Ericicems
I came here looking for a quick answer and ended up reading the whole post because it was actually interesting, and after eclatpearl I had a much fuller picture, no stress and no confusion just a clear walk through the topic that made everything fall into place without much effort.
MaxwellMus
Picked this post to share in a Slack channel where I knew it would be appreciated, and a look at visionaryvista suggested I will share more from here later, content worth sharing into a professional context is content that has earned a higher kind of trust than mere personal interest and this site has it.
DiegoFaing
Now feeling slightly more optimistic about the state of independent writing online, and a stop at excelforge extended that quiet optimism, sites like this one are the reason I have not given up on the open web entirely and finding them occasionally renews the case for paying attention to non algorithmic content sources today.
CadenWex
A piece that demonstrated competence without performing it, and a look at victorkelly maintained the same self assured but unshowy register, the gap between competence and performance of competence is one I track and this site has clearly chosen to demonstrate rather than perform which I find much more persuasive as a reader.
RufusMaila
Picked up a couple of new ideas here that I can actually try out, and after my visit to goofysfood I have even more notes saved, this is the kind of resource that pays you back for the time you spend on it which is rare to come across in this corner of the web.
NormanWaw
A piece that earned its conclusions through the body rather than asserting them at the end, and a look at blog66approach maintained the same earned quality, conclusions that follow from what came before are more persuasive than declarations and this site has clearly internalised that principle in how it constructs arguments throughout pieces.
Floydcot
Now recognising that the post handled the topic with appropriate technical precision without becoming dry, and a stop at readypixel continued that balance, technical precision and readability are often in tension and this site has clearly figured out how to maintain both at once which is one of the harder editorial achievements in the form.
ErvinScasp
Skipped the social share buttons but might come back to actually use one later, and a stop at amberarmor extended that share urge, content that triggers genuine sharing impulses rather than performative ones is content that has actually moved me and not many posts in a typical week do that for me actually.
MiguelKiz
Reading this in a quiet hour and finding it suited the quiet, and a stop at rapidrunway extended the quiet reading mood, content that matches its own optimal reading conditions rather than fighting them is content that has been thoughtfully calibrated and this site reads as having a particular reading mood in mind throughout.
ChrisKap
A piece that did not lean on the writer credentials or institutional backing, and a look at blog44wait maintained the same focus on substance, content that earns trust through quality rather than through name dropping is the kind I find most persuasive and this site is clearly playing on the substance side of that distinction.
Reidkep
Looking at the surface design and the substance together this site has both right, and a look at blog66box reinforced that integrated quality, sites where presentation and content reinforce each other rather than fighting are sites with full editorial coherence and this one has clearly invested in both layers in a balanced way.
RoccoApeXt
The conclusions felt earned rather than tacked on at the end like an afterthought, and a look at blog66authors kept that careful structure going, you can tell when a writer has thought about the shape of their post versus just letting it ramble out and hoping for the best at the end which most do.
Kevinmom
Generally I find the content on similar topics frustrating in specific ways and this post avoided all of them, and a look at telehealthtools continued that frustration free experience, content that sidesteps the standard failure modes of its genre is content with editorial awareness and this site has clearly studied what fails elsewhere consistently.
Javiervof
Speaking carefully because I do not want to overstate things this site is genuinely above average across multiple measurements, and a stop at quantaquill continued the above average performance, the calibration of judgement against potential overstatement is something I take seriously and this site clears the higher bar even after that calibration applies.
SandyPaype
Glad the writer did not feel compelled to cover every possible angle of the topic, focus is a virtue, and a stop at musclemyth reflected the same disciplined scope, knowing what to leave out is half of what makes good writing good and this post has clearly been edited with that principle in mind.
KennethAcito
Now adding the homepage to my regular check rotation rather than waiting for individual links to find me, and a stop at blog44within confirmed the rotation upgrade, the move from passive discovery to active checking is a vote of confidence in a sites ongoing quality and this site has earned that active engagement clearly.
JesusFlacy
Closed it feeling I had taken something away rather than just consumed something, and a stop at blog44through extended that taking away feeling, the difference between content I extract value from and content I just pass through is something I track informally and this site is consistently in the value extraction column for me.
MichaelSem
Skipped the comments section but might come back to read it, and a stop at ztbpm51m hinted at a quality reader community, sites where the comments are worth reading separately from the post are increasingly rare and signal a particular kind of audience that has grown around the editorial vision over time gradually.
EmilianoLep
Just nice to read something that does not feel like it was assembled from a content brief, and a stop at metrodash kept that handcrafted feel going, you can tell when a real human with real understanding is behind the words versus a templated piece churned out for an algorithm to find.
LelandArogy
Now wishing I had found this site sooner, and a look at blog66marriages extended that mild regret, the calculation of how many years of good content I missed by not finding the right sources earlier is one I try not to make too often but it does come up sometimes when I find sites this good.
Ivantraiz
Liked that the post acknowledged complications rather than pretending they did not exist, and a stop at blog66behavior continued that honest framing, sites that handle complexity with care rather than papering it over with simplifying claims are doing real intellectual work and this one is clearly in that category based on what I have read.
Cameroneximb
Reading this confirmed something I had been suspecting about the topic, and a look at blog66as pushed that confirmation toward greater confidence, content that lines up with independently held intuitions earns a special kind of trust and I will return to writers who consistently land that way for me without overselling positions.
Victorutild
A piece that read as if the writer was thinking carefully rather than just typing fluently, and a look at arcloom continued that considered quality, the difference between fluent typing and careful thinking shows up in writing and this site reads as the product of thought rather than just the product of language fluency apparently.
Reednoupe
Came in skeptical of the angle and left mostly persuaded, and a stop at bathbreeze pushed me a bit further in the same direction, content that can move a critical reader by argument rather than rhetoric is rare and worth pointing out because it indicates real substance underneath the surface presentation here.
DerekInend
Just want to recognise that someone clearly cared about how this turned out, and a look at truecrimecrate confirmed that care extends across the broader site, you can feel the difference between content shipped to hit a deadline and content released because the writer was actually proud of the result for once.
Dominicwar
Speaking from the perspective of a fairly demanding reader the writing here clears the bar consistently, and a look at prismviva continued clearing that bar, the calibration of demanding reader is something I apply to all sources and this site has been one of the few that handles the demanding reading well across pieces sampled.
GlennElask
Now recognising the specific pleasure of reading writing that shows real care for sentence shapes, and a look at blog33our extended that craft pleasure, sentence level writing quality is something most blog content ignores entirely and this site has clearly invested in the prose layer alongside the substance which is rare today.
PrinceSog
Comfortable read, finished it without realising how much time had passed, and a look at synapsekit pulled me into more pages the same way, the absence of friction in good content lets time disappear and that is one of the highest compliments I can pay any piece of writing I find online during a regular search session.
ZaneSex
Really like that the writer trusts the reader to follow simple logic without restating every previous point, and a stop at blog44kill kept that respect going, treating an audience as capable adults rather than as people who need constant hand holding makes a noticeable difference in the reading experience for me.
Derrickastok
Came across this through a roundabout path and now it is on my regular rotation, and a stop at datanode sealed that decision, the open web still produces serendipitous discoveries when you let the citations and references guide you rather than relying purely on algorithmic feeds for new content recommendations always.
Shaunpap
Even across multiple posts the writers voice has remained consistent in a way I appreciate, and a stop at devriver continued that voice, sites that maintain editorial consistency across many pieces have something most sites lack and this one has clearly worked out how to keep its voice steady across what reads as a growing archive.
Jeffrup
Found something new in here that I had not seen explained this way before, and a quick stop at tubecraze expanded the idea even further, the kind of writing that nudges your thinking forward a bit without forcing the issue is exactly what I look for online today and rarely actually find anywhere.