HindustanTimes Sat,20 Sep 2014

India plastic industry to get a leg-up in Dubai

HT Correspondent, Hindustan Times  New Delhi, December 07, 2012
First Published: 22:36 IST(7/12/2012) | Last Updated: 22:38 IST(7/12/2012)

Dubai-based firm Al Fajer has joined hands with Plastics Export Promotion Council (PEPC) to make a strong presence of Indian plastic manufacturers at Arabplast 2013 in Dubai.


Nearly 150 manufacturers and exhibitors from India will particiapte in Arabplast, the fourth largest trade show in the world, to be held in January 7 to 10.

"India shall have the largest number of participants and our focus will be on developing business ties with Africa, Latin America, ASEAN and CIS countries to boost our exports," said Sanjiv Rai Dewan, regional director, PEPC.

The export from Indian plastic industry (excluding machinery) in 2011-12 was $7 billion, which is 2.3% of India's total exports.

"Our top three trading partners are the UAE, the US and China, and we're targeting a 20% growth, pegging at $8.6 billion exports in 2012-13," Dewan said.

Ministry of commerce and industry has offered a subsidy to participants for buying space in the trade show.

"India needs to increase its per capita plastic consumption, which is 7 kg in comparison to 110 kg of the US, 29 kg of Brazil and 12 kg of China," said Satish Khanna, general manager of Al Fajer, the organiser of Arabplast.

more from Business

Larry Ellison steps down as Oracle CEO after 37 years

Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved