Union Minister for Commerce and Industry Shri Piyush Goyal exhorted the Indian Plastic Industry to take the sector from the current level of around Rs. 3 lakh crores of economic activity to Rs. 10 lakh crores in around 4-5 years. The Minister said that this would be a national service from the plastics industry; this will create at least 1 – 1.5 crore jobs which is what the country needs today.
Addressing the ‘Export Excellence Awards 2017-2021’ of apex plastics industry trade body The Plastics Export Promotion Council (PLEXCONCIL) in Mumbai, the Union Minister said that he sees the industry as one which gives lot of impetus for job creation, especially in MSME sector, with the potential to provide jobs to many people from marginalized sections who have been left behind in the development cycle.
The Minister called upon the Plastic industry to emerge as a benchmark for quality & carve its way towards a larger global market share.
The Minister told the industry that it needs to reduce the volume of imports and become self-reliant. The volume of imports of 17 billion dollars shows that there is a clear market waiting for us to capture, said the Minister. “With an economy growing at 7%-8% for next 25 years, I am sure making the plastics industry a 100 billion dollars industry in next 4-5 years is very much achievable. We must aspire to reach that level.”
Pitching for sustainability in the sector, the Minister said that we need to demonstrate to the world that Indians are environmentally conscious. “It is important to devise ways to collect and recycle and reuse plastic waste, so that it does not mess with our environmental story. We need to seriously consider segregating and reprocessing plastic waste; once we are able to do this, it will significantly reduce the negativity about using plastics”.
Chairman Emeritus of Nilkamal Limited, Vamanrai V. Parekh, received the Lifetime Achievement Award. 95 companies and organisations were honoured with Export Excellence Awards.
PLEXCONCIL, India’s apex trade body of plastics industry, hosted its Export Excellence Awards after a gap of two years due to the pandemic situation.