The Plastics Export Promotion Council of India (Plexconcil), the apex physique of Indian plastics trade, which is into exports, mentioned its forthcoming commerce show PLEXCONNECT 2023, the primary ever export targeted exhibition for plastics in India has garnered ‘great interest’ from worldwide buyers.
The show, to be held in Mumbai from June 15-17, has already obtained registrations from 204 worldwide buyers from over 44 nations, indicating recognition from world buyers of plastics, it mentioned.
“Indian exports of plastics have been growing at a steady pace 8.2% in the past almost a decade. The global export market for plastics is valued at $1.2 trillion with India’s share being just about 1.1% with the potential to garner 3% by 2025,” mentioned Hemant Minocha, Chairman, Plexconcil.
“Post COVID, there have been great disruptions in the global supply chains, and we believe that rather than being the alternative to sourcing from China, our industry has the resources and the capabilities to become the world’s leading hub to source plastics,” he mentioned.
Plexconcil, with the help of the Ministry of External Affairs (MEA), has been in fixed coordination with 45 Indian embassies and foreign missions to advertise and entice buyers from their respective areas. Over 150 embassies have been contacted for the worldwide promotion of the occasion.
“We anticipate that the recent ECTA signed with Australia, CEPA with UAE and more on the anvil, will open immense opportunities for Indian plastic exports. Our industry has been working towards not just strengthening processing capacities but remains committed to Zero Defect (ZED), as well as environmental regulations in India and globally,” mentioned Sribash Dasmohapatra, Executive Director, Plexconcil.
“This strategic move is based on the long-term goals of creating an industry that is socio-economical-environmental conscious industry and compliant with international regulations and policies. Through PLEXCONNECT 2023, we aim to showcase the latest developments taking place in our industry to a global audience,” he added.
Focused on selling MSME exports from the nation according to the federal government’s imaginative and prescient, the exhibition can even permit MSME and new exporters to find out about world tendencies and demand for Indian plastics, together with myriad advantages of turning into an exporter.
“Efforts are being made by the council to work with the MSME Ministry to extend grant under the PMS Scheme to the MSME exporters which will help facilitate their participation at very minimal or no cost to them,” mentioned Mr. Dasmohaptra.
In addition to 11 completed product classes that can be on showcase, PLEXCONNECT 2023 can even function equipment, and producers of moulds and dies.
The governments of Tamil Nadu, Andhra Pradesh and Telangana will deliver their state pavilions to the exhibition, and a few northern states are anticipated to take part.
International purchaser delegations from Korea, Brazil, Indonesia and Israel have confirmed their attendance along with the 204 registered particular person buyers.
