India as a plastics giant

The show''s importance in the global plastics industry cannot be disregarded. With global plastic consumption projected to expand to 150 million metric tons by 2010, India s thriving plastics industry has been growing at a phenomenal rate of 15% over the years and with its true potential harnessed, it is all set to reach the 12.5 million metric tons consumption mark, making India the third largest consumer of plastics by 2010. To match this figure, India would require 30,000 new machines and around $9.5 billion of project investment. "Global plastic consumption projected to expand to 150M metric tons by 2010" The industry is also optimistic given the huge consumption potential of the country. India to date has joined the elite club of 12 countries with a trillion dollar economy, thanks to the continuing rally in rupee against the US dollar. According to a study by the McKinsey Global Institute (MGI), India's consumer market will be the world's fifth largest (from twelfth) by 2025. The importance of infrastructure for sustained economic development is well recognized in India. The country has made considerable progress in the last ten years in attracting private investment into the infrastructure sectors in telecommunications, ports, roads and power etc. India has the potential to absorb $150 billion of foreign direct investment in the next five years in the infrastructure sector alone. While the Agricultural Ministry has planned focused development of plasticulture to cover 17 million hectares under micro irrigation system which will boost demand of plastics from 216,000 tons in 2006 to over 2.5 million tons in the next five years. In addition, the electronics, packaging, healthcare, consumer durables and telecommunication are fast growing sectors of Indian economy offering growth for plastics consumption. Indian processors follow global practice sin production , quality and design. Helped by advanced intellectual capabilities , they are constantly developing new products and applications to suit market needs. The processing industry is improving on a continual basis in terms of sophisticated and world ?class higher capacity machines; Enhanced design capabilities, moulds, tools and dies and technological know-how; Increased use of intelligent manufacturing to raise productivity and asset utilization; and Foreign Direct Investment in the downstream sector. Indian processed products, which span the packaging, consumer goods and automotive sectors are in huge demand. Products from packaging materials like Polyester or PET films, plastic bags, sacks, crates, bottles and containers to consumer goods like household wares, stationery, writing instruments, furniture, ropes and twines, fishnets, vinyl floor coverings, linoleum, storage tanks, pipes, electrical accessories, surgical and medical products and toys are some of the areas where India has demonstrated core competency. Indian plastics finished products are exported to over 140 countries, including highly quality conscious ones like USA, and European and Middle East countries. In response to the needs of India''s plastics manufacturers for more information and enhanced networking among those in the plastics industry, Plastindia 2009 will also feature side events that include the Plasticon Awards Nite (February 4), India-China Plastic Industry Summit (February 3), India- USA Plastic Industry Summit (February 5), Internatinal Conference (February 6-7) and Asian Plastic Recycling and Waste Management Conference (February 7). The two-day International Conference will gather scholars, consultants, professionals, technocrats, scientists and industry experts on a common platform to share their views and experience during various sessions of the conference. For more details, visit: www.plastindia.org.NIKE AIR HUARACHE