Mumbai: India's plastics exports are set to touch USD 15 billion by FY 2019 from the present USD 8 billion, a senior industry official said here on September 17.
"We see higher export growth in coming years. India's plastics exports are set to touch USD 15 billion by FY 2019. The country exported plastics worth USD 7.9 billion in FY 2014 and hopes to export of USD 9.5 billion in FY 2015," Plastics Export Promotion Council (Plexconcil) Executive Director, R P Kalyanpur told reporters here on September 17.
"Our largest markets for plastics export are European Union and US for processed plastics. We are now looking at entering into exports of houseware and consumer items which has huge demand in the US market," he said.
"We are also pushing for the Technology Upgradation Fund (TUF) and to establish plastic parks to encourage plastic industry in the country," he said. On the 12th edition of the Arabplast 2015, scheduled to be held in Dubai between January 10 and 13, 2015, Al Fajer Information and Services General Manager Satish Khanna said that the trade show would help Indian companies further expand their operations through a global platform. Around 150 Indian companies are expected to participate in the event, he said.
