Endeavouring towards excellence - Plastindia 2012

The eighth edition of Plastindia returns with bright promises and brighter opportunities for the Indian plastics industry. Upgrade of machinery, sufficient availability of raw materials and the never-say-die attitude of the Indian entrepreneurs make India the preferred source for plastics.

Over the last three years, the Indian economy has conquered the global economic downturn with intelligent regulation and strong fundamentals. The same can be said of India's manufacturing industry, which is surging ahead at a Compounded Annual Growth Rate (CAGR) of 5%. In keeping with future projections of exponential growth in domestic consumption and export markets, there could not have been a bettertime for the Indian plastics industry.

The industry is quite promising in creating business and employment opportunities. Apart from the immense opportunities indicated by per capita volume consumption, Plastindia 2012 will highlight the widening application spectrum of plastics and penetration of new-generation polymers in all key sectors of Indian manufacturing.

The Government of India is introducing economic reforms to elevate and boost the plastics industry by way of joint ventures, foreign investments and entrepreneurs are trying to provide high-quality plastic products. For an industry governed mostly by Small and Medium Enterprises (SMEs), this spells immense opportunities. At present, there are 25,000-30,000 plastics processing units in the country.
The growth platform The Indian plastics industry owes much of its extraordinary success to outstanding manufacturing and management practices of Indian entrepreneurs as well as globally competitive innovations and technologies.

Reckoned amongst the largest plastics exhibitions in the world, this eighth edition of Plastindia is as much a celebration of success as it is a platform for the global plastics industry to be a part of the India story. The ensuing Plastindia 2012 special section highlights the five pillars on which the Indian plastics business is building future growth and expansion: Raw materials: As Indian processors welcome the latest innovations in the commodity plastics and engineering polymers, base polymer availability and price volatility are amongst the core concerns of the industry.

Processing machinery: To ensure longterm success and profitability, the focus should be on quality, efficiency and costcompetitiveness of plastics processing machinery.

Research & Development (R&D): To stay competitive with global innovations, Indian players need to invest significantly in cutting-edge R&D for existing applications as well as niche demands of the future.
Quality assurance: With an expanding export market, Indian processors must meet stringent quality standards, especially for pharma and food packaging industries.

Sustainability: Apart from reducing carbon footprint of the plastics processing value chain, the Indian industry needs to improve the 'green' quotient of plastics.

Opportunities unlimited The Indian plastics industry has an enormous opportunity in satisfying the consumer needs in virtually all applications.

It took 30 years for India to consume the first million tonne of plastics. The second million tonne was consumed only in five years. The Indian plastics industry has been growing at a rate of 12% over the years and with its true potential harnessed, it is all set to reach 12.5 million metric tonnes by consumption, making India the third largest consumer of plastics by 2012.

With cost-effective manufacturing solutions, India has a good potential in terms of capacity, infrastructure and availability of cheap labour. A shift in the manufacturing base from the West to a region with low labour cost and highNIKE