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Plastics manufacturing set to grow at 20% in Gujarat

Our Bureau Ahmedabad | Updated on January 17, 2018 Published on August 22, 2016

Plastics processing and manufacturing is set to grow at a healthy 20 per cent rate in Gujarat. This was stated by the All India Plastics Manufacturers' Association (AIPMA) here on Sunday.

“Gujarat is among the few states to enunciate a separate policy for the plastics industry. The activities are focused to derive more advantage from Gujarat’s Scheme for Financial Assistance to Plastics Industry, available for an operative period from January 1, 2015 to December 31, 2019. This stipulates interest subsidy and VAT incentives for companies manufacturing plastics," said Arvind M. Mehta, Chairman, Governing Council, AIPMA.

Gujarat, along with Maharashtra accounts for 65 per cent of the national plastics industry.

"AIPMA is working hard to bust the myths related to the plastics industry and retain the faith of the government and the common man. On our part, consistent representations are being made to the Department of Chemicals and Petrochemicals (DCPC) for strict rules to bag plastics and promote recycling. It has found use in space science, health, infrastructure, solar energy, printing and packaging as a viable alternative," added Kailash Murarka, Chairman, PLASTIVISION INDIA 2017 - the 10th edition of plastics expo to be held in Mumbai during January 19-23, 2017.

According to AIPMA, Indian plastics industry is growing at a rate of over 15 per cent against an average projected growth of 7.5 per cent. Nearly 50,000 micro, small and medium enterprises are involved in this industry. Plastics account for over 15 per cent of India’s GDP.

Published on August 22, 2016
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