PLASTINDIA 2006
9 - 14 February
Pragati Maidan
Mumbai, INDIA

As a nation that has experienced stupendous growth over the past 2 decades and is today the world's 2nd largest growing economy, there is no country more conducive to the expansion and development of the plastics industry.

To match the demands effected by this growth, India will, in the near future, need to be serviced by advanced products made from plastics in various sectors that include agriculture, automobiles, FMCG, building and construction, processed foods, consumer durables, pipes and conduits for water management, gas distribution, electricals and healthcare. Hand in hand with the boom in industrial growth, is the change in people's lifestyles. Recent economic developments have given rise to phenomena like supermarkets, department stores and western style malls that have become fairly popular in the metros and small cities.

With a double-digit growth of around 15%, Indian per capita consumption of plastic is set to rise from 4kgs to 10.5kgs by 2010 and its polymer consumption to 12.5MMT per annum, making India the 3rd largest polymer consumer in the world. To match this growth, the Indian processing industry would require an additional 30,000 machines and project investment of around $US 9.5bn. For the next 10 years, there will be several new opportunities for machines, tools and additives that cater to dynamic businesses, and serve the end-use sectors with new technologies.

In addition to a profitable market, India offers a wellspring of human resource. A factor that gives the country a distinct competitive edge over others is its large workforce of skilled, English speaking individuals. Add to that the facts that Indians are head hunted by over a 100 of the Fortune 500 companies and that in the next 20-30 years, a large part of the Indian population will constitute those belonging to a younger age group. And apart from the provision of human capital, India is equally competitive in terms of raw materials, machinery and technology. Several firms in India's manufacturing sector have expanded globally and are thus on their way to becoming true multinationals. In fact, according to a McKinsey report, Indian manufacturing exports are likely to grow to $300 billion in 2015 from $48 billion in 2003.

For more information, contact:

Plastindia Foundation
401,Landmark B, Suren Road,
Off Andheri Kurla Road, Andheri (East),
Mumbai - 400093
India
Tel:+91-22-26832911 - 14  
Fax: 91-22- 26845861
Email: plastindia@vsnl.com
Website: www.plastindia.org