Indian Plastic Exports to increase to $25 billion

On Wednesday, the President of Plastindia Foundation, Jigish Doshi

told that in the year 2019-20, the Indian exports of plastics were at $10 billion, and by the year 2025 are estimated to reach $25 billion. Mr. Doshi at an event stated, "The current business environment, bolstered by the launch of the government of India's 'Atmanirbhar' movement and 'Vocal for Local' initiative gives an impetus to the plastics industry to grow and provides excellent export opportunities. We are expecting that the exports would reach $25 billion by 2025," 

Mansukh L Mandaviya, the Union Chemicals and Fertilisers Minister,

who launched the logo of PlastIndia, assured the plastic industry of full support and provided an environment to further enhance its performance and potential. He said, "The industry is contributing significantly to the economic development of India. We are committed to making the sector Atmanirbhar."

Mr. Doshi further commented, "The industry that employs about four million people and comprises more than 50,000 processing units, is expected to reach Rs 9.1 lakh crore ($102 billion) by 2025."

Plastindia Foundation

further informed that they are committed to work in close collaboration with the government and the industry to boost growth and develop innovative and modern manufacturing techniques.