Plastindia 2023 Plastic Exhibition & Conference

“Plastindia 2023-11th International Plastic Exhibition & Conference” was recently launched by Union Minister for Chemicals & Fertilizers.

When will the exhibition be held?

It will be held from February 1 to February 5, 2023, at Pragati Maidan, New Delhi.

What is the importance of the exhibition?

  • It will attract international plastic players to India.
  • It will provide opportunities for the exchange of best practices and technologies among industry players.
  • It will provide opportunities for employment generation, facilitate the growth of the Indian plastic industry and make India a hub for sourcing plastic for global needs.

What are the highlights of the speech of the Union Minister for Chemicals & Fertilizers?

  • The minister highlighted that India’s Petrochemical Industries has been one of the fastest-growing industries in the Indian economy.
  • He suggested the need to create a roadmap for the plastic industry for long-term policy support, investment as well as export promotion.
  • He noted that the government is industry-friendly as industrial growth is important for generating employment and Nation building.
  • He further said the domestic plastic industry should be competitive in the international market.
  • He also asked the plastic industry to focus on research and development (R&D) and develop technologies to curb pollution.

What is the support given by the government to the plastic industry?

The Indian government is supporting the plastic industry by developing common infrastructure facilities for all industries. The government set up 10 plastic parks as well as the Plastic Export Promotion Council to develop the plastic sector.

How much India’s plastic industry is valued?

India’s plastic industry is worth Rs 5 lakh crore currently.

How much plastic is produced and consumed by India?

The domestic production and consumption of plastic is estimated at 25 million tonnes (MT) currently, which will touch 30 million tonnes (MT) by 2030.

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