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East hope for plastics

Calcutta, March 26: Easy availability of key ingredients from three projects in the eastern region is likely to drive production in the plastics industry.

Haldia Petrochemicals, the Brahmaputra Petrochemical complex in Assam and Indian Oil’s upcoming refinery in Paradip are expected to manufacture polymers in sufficient quantities for use in processed plastic products, raising production in the industry and generating more employment.

“We think that the projects will bring a lot of processing into eastern India. The three zones will have basic raw materials available. Growth in this sector is bound to increase,” said J.R. Shah, chairman of the national executive council, Plastindia Foundation.

Bengal, Bihar, Jharkhand, Odisha and Assam are key growth markets for plastic products.

The per capita consumption of plastic in the east is 2.8 kilogram against a national average per capita consumption of 8 kilogram. The relative global consumption figure is 27 kilogram.

The east has maintained a growth rate of 9 per cent per annum against a national growth rate of 14 per cent in recent times in plastics.

“India’s plastic export is $7 billion. Of this, $3-3.5 billion are plastic polymers, while remaining are processed goods. We expect India to be the hub of export for plastic processed goods,” Shah said.

Plastindia Foundation is the apex body of major organisations, associations and institutions connected with plastics, including government organisations.

It will be organising the ninth edition of Plastindia in February 2015 in New Delhi — an international exhibition showcasing the latest technology and materials across the globe for plastics.

The foundation has signed a memorandum of understanding with the Worldwide Inter-cluster Initiative for New Materials and Processes focussed on Clean Technologies (Wiintech) to collaborate on establishing links.

Wiintech represents eight European clusters and will enable business partnerships and trade opportunities among members.

India is likely to see its plastics consumption crossing 20 million tonnes (mt) per annum by 2020 from about 11mt per annum. Agriculture, housing and packaging sectors will drive demand.

The countries relatively low per capita consumption is also expected to triple over the next decade.

The toy industry is considered to hold potential in the eastern region.

 
 
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