Plastindia Organizes Seminar on Investment Opportunities at
Chinaplas
Organizers of Chinaplas from 23rd to 26th April 2014 can be
sincerely complimented for theirimaginative and thought provoking
subjects for seminars, lecture meetings and also for creatinga
forum for investment opportunities in emerging markets of South
East Asia including India.They provided a platform to countries
like India, Indonesia, Thailand etc. to show case potentialof
business opportunities in their countries. India was fortunate to
have been included in thisseminar on 26th April 2014.
Under the guidance of our parent Ministry of Chemical &
Fertilizers, Department of Chemicals &Petrochemicals (DCPC) an
introduction was given by Mr. Indrajit Pal, IAS, Secretary
departmenthighlighting Government of Indias role in creating Four
Petroleum, Chemicals andPetrochemicals Investment Regions (PCPIRS)
in coastal states of Andhra Pradesh, Gujarat, Odisa& Tamilnadu.
These will be totally integrated areas giving boost to further
growth to thisindustry. Mr. Pal also gave an overview of support
being extended by his ministry to create avery congenial atmosphere
of growth to this sunrise industry.
He encouraged Mr. M. N. Patel Chairman, National Advisory Board
(NAB) of PlastindiaFoundation 2015 to share about investment
opportunities in India by polymer industry.
Mr. M.N. Patel by virtue of not only being the biggest
manufacturer of Plastics processingmachines in India but also as
Chairman of National Advisory Board (NAB) of PlastindiaFoundation
drew attention of very large number of delegates about Macro
Economic Scenario.Ease of investment and growth opportunities being
provided as most promising destination forinvestment in Plastic
industry in India.
He emphasized on the following about India:- Robust economy with
strong fundamentals being 10th largest in the world and 4th
largest
by PPP GDP to cross 5 trillion by 2020. High growth of FDI
Population of over 1.2 billion with median age of 24 years. 2nd
largest English speaking population in the world. Large work force
skilled & educated Growing consumer market 40% of global middle
class consumption by 2050 Highly supportive Federal & State
Government and Financial Institutions. Over 30,000 plastic
processing units with over 30 MMT capacity spread across length
&
breath of India. Total consumption likely to grow from present
11.8 MMT to over 20 MMT by 2020 with
per capita consumption going up from 9.5kgs to over 20kgs by
2020.
