The Union Minister for Chemicals & Fertilizers and Health & Family Welfare, Dr. Mansukh Mandaviya launched PLASTINDIA 2023, international Plastic Exhibition & Conference in the presence of Union Minister of State for Chemicals & Fertilizers and MNRE, Bhagwanth Khuba.

Addressing the event, Mandaviya said, “These exhibitions are important because they will attract international plastic players to the country and provide a platform to learn and exchange ideas and technology.”

He said that the government is not only pro poor but also industry friendly as industrial growth promotes wealth creation and is important for generating employment and nation building.

Mandaviya highlighted that "India’s petrochemical Industries has been one of the fastest-growing industries in the Indian economy with high demand growth. India is projected to contribute more than 10% of the incremental global growth in petrochemicals over the next decades however, amidst the petrochemical growth globally, volatility, significant import dependency and attractive demand growth have been the primary reasons for which India needs petrochemical assets to meet the domestic and global demand."

He further stressed that although import dependency of the country has reduced, there is need for a holistic approach to create an atmosphere for the industrialists to be able to compete globally.

He suggested the need to create a roadmap for the plastic industry for long term policy support, investment as well as export promotion.

Highlighting the achievements of the chemicals sector in the country, the Union Minister said that today Indian Chemical industry has become a global player and earns foreign exchange for the nation with the "Make in India, Make for World" approach. Exports of Indian chemicals have registered growth of 106% in 2021-22 over 2013-14. This export growth in the chemical sector would be a boost to our Prime Minister, Narendra Modi’s Aatmanirbhar Bharat Abhiyan.

Speaking on the occasion, Khuba said, "Demographic dividends, increasing export demand and enabling government initiatives are the key growth drivers for the Indian chemical and petrochemicals industry. Attractive business opportunities are present in different segments, including petrochemical intermediates, downstream petrochemicals, packaging and specialty chemicals. The Indian government is supporting the plastic industry by developing common infrastructure for all industries. He highlighted the setting up of ten plastic parks as well the Plastic Export Promotion Council, as a proof of the government’s commitment in developing this sector."

Plastindia Foundation will hold the 11th International Plastics Exhibition, Conference and Convention from 1-5th February, 2023 at ITPO Pragati Maidan, New Delhi. The exhibition 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.

PLASTINDIA 2023 will showcase India as the global hub for sourcing processed items related to plastics, raw materials, machinery, and products for use in all segments of human life.