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Plastic Industry

Plastic Industry In India

The Indian plastics industry made a promising beginning in 1957 with the production of polystyrene. Thereafter, significant progress has been made and the industry has grown and diversified rapidly. Currently, the Indian plastics industry is spread across the country, employing about 4 million people and over 2,000 exporters. It operates more than 30,000 processing units, of which 85 per cent to 90 per cent are small and medium enterprises (SMEs). India is one of the most promising exporters of plastics among developing countries.

The Indian plastics industry produces and exports a wide range of raw materials, plastic moulded extruded goods, polyester films, laminates, moulded/ soft luggage items, writing instruments, plastic woven sacks and bags, PVC leather cloth and sheeting, packaging, consumer goods, sanitary fittings, electrical accessories, laboratory/ medical surgical ware and travel ware, among other products.

In 2014-15, exports of plastics and articles under chapter 39 stood at USD 5.08 bn.

Plastics Export Promotion Council

The Plastics Export Promotion Council (PLEXCONCIL) is the apex government body for the promotion of exports by the Indian plastics industry. The members of the council comprise large/medium/small-scale manufacturers and exporters. It facilitates exporters through various export promotion activities such as participating in international trade fairs, exploring newer markets, organising buyer seller meets both in India and overseas, and other need based activities.

Source: India Brand Equity Foundation

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