The industry witnessed inauguration of IndiaPlast 2019 amidst a lot of excitement. Global icons of the industry adorned the head table during the inauguration. A 100% sold-out show, sprawling display of live machines – many for the first time ever, 945exhibitors from over 18 countries, dedicated country pavilions, recycling pavilion, innovation pavilion and more, significant value add for every discerning visitor.
The plastics industry witnesses such a mega exhibition in Delhi-NCR after a gap of seven years. With growing importance of technology in business success, IndiaPlast 2019 is set to empower the plastic processing industry with all that it needs to stay relevant and ahead of its competition.
Wishing the show every success, chief guest, Amitabh Kant IAS, CEO, NITI Aayog, congratulated the organizing team for putting an outstanding show bringing all the stake holders from the industry together, which includes 750 exhibitors from India. Kant said, “We have more than 40,000 processing units in MSME producing vast range of products with processing capacity over 35 million tonnes a year which is unique. Also the processing capacity has been growing at 13% CAGR which is unparalleled. The processing industry expects to invest over 5-10 billion dollar in coming next five years, this is huge and expanding market. India has just begun the process of urbanization – next five decades will see 700 million people move towards urbanization and the demand of plastics will grow from 12 kg per capita to 50 per capita. The annual imports in plastic is 3.5 billion while exports is 7.5 billion – which shows the competency of the processing sector.”
Kant also pointed out there is a huge untapped local market. He expressed that for the growth of the industry, steps in recycling and reusing of plastics is very important. He was happy to know that the steps have already taken in this segment. Kant assured full government support to the industry.
Underlining the importance of technology, Mahendra N Patel, chairman, PMMAI, said, “There is a perception that Indian machinery lacks in latest technology advances. IndiaPlast showcases technology from Indian manufacturers, which is at par with the best in the world. In fact, almost all PMMAI members are routinely exporting machines around the world including first world countries. Machinery exports of over 300+ members of PMMAI were more than Rs. 2,000 crores last year. Processors who desire to export quality products will surely find latest technology machinery suppliers right here in IndiaPlast.”
Taking the India growth story forward, Ashok Chaturvedi, chairman and managing director, Uflex added, “Today people are worried about plastic waste. Our country has complete solution for reusing plastic waste.”
Later, Sunil Jain, president of Rajoo Engineers and treasurer of PMMAI, announced that the next PMMAI exhibition is named as PlastFocus 2022.
The next days are all set to witness a showcase of latest developments that the industry has been yearning for. Over 90,000 people are expected to throng the show over the next five days.