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05
November 2018
 |
India's plastics exports (The Total Investment & Insurance
Solutions)
India's plastics exports grew 31.6% on year
at $4.59 billion in the first half of the fiscal compared with $3.48 billion a
year ago.
The growth in India’s plastics export has
been primarily boosted by higher shipment of plastic raw materials, plastic
sheet, film, plates, and packaging materials, according to Plastics Export
Promotion Council.
Further, exports to China, Vietnam and Mexico
witnessed high growth rates ranging between 70-140% in the April-September
period.
“China, United States and United Arab
Emirates continue to be top-3 destinations for India’s plastics products. These
three countries accounted for 27.5% of India’s plastics product exports, by
value in the first half,” said Ravish B Kamath, chairman, Plastics Export
Promotion Council.
India
exported plastics to 205 countries in the period with French Guiana, Guam,
Kiribati Republic, Lesotho, Marshall Island, Mayotte, Monaco, Nauru Republic
and United States Virgin Islands being the latest destinations.
India is currently ranked among the top five
consumers of polymers in the world and has 30,000 plus plastic processing units
employing over four million people across the country The Total Investment & Insurance Solutions
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