PLASTINDIA 2012

The Indian Plastics Industry has been growing at a rate of 12% over the years and with its true potential harnessed, it is all set to reach the 12.5 MMT by consumption making India the 3`" largest consumer of plastics by 2012.To match this figure, India would require 42,000 new machines and around US $10 billion of project investment by 2020.

Packaging, Electronics, Telecommunication, Infrastructure, Transportation, Healthcare and Consumer Durables are fast growing sectors of Indian economy offering growth for plastics consumption.India has made considerable progress, in the last ten years, in attracting private investment into the infrastructure sectors in telecommunication, ports, roads, power etc. The sector is estimated to grow at the rate of 10 % over the next few years. This sector offers tremendous opportunity for consumption of plastics.

India's Agriculture Sector contribute almost 20% to the Indian GDP and employs around 50% of India's manpower. Focused development of plasticulture to cover 17 million hectares under micro irrigation system will boost demand of plastics in this sector.