Government plans to double per capita plastics consumption

Government is encouraging investments in petrochemical sector and plans to double per capita consumption of plastics to 20 kg a person by 2022, Petroleum and Natural Gas Minister Dharmendra Pradhan said today.

"The government has ambitious plans of doubling the current per capita consumption of plastics from the present 10 kg per person to 20 kg per person by 2022," Pradhan said at the 'Indian Oil Petrochemical Conclave 2016' here.


This would require setting up one naphtha cracker every year bringing in huge growth opportunities in employment generation and start of new ancillary industries, among others, the Minister noted.


Pradhan further said, capital outlays worth Rs 2,00,000 crore are expected to be made in diverse product lines - in polyester intermediates, polyester film and yarn, polymers and other petrochemicals.

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India's plastic sector has huge scope for growth

The Indian plastic and petrochemical sector has a huge potential for growth and there is a need for free trade agreement (FTA) and duty inversion to make cost of manufacture in the country cheaper, according to Minister of State for Chemicals and Fertilizers Hansraj Gangaram Ahir.

"The plastic sector has a huge potential for development and there is a great scope for consumption in sector of housing, public infrastructure and agriculture," Ahir said at the inauguration of PolyIndia 2016 at the Bombay Exhibition Centre here on January 28, an official statement said.

Ahir added that there was a need to review free trade agreement (FTA) and duty inversion "which can make cost of manufacture in India cheaper than import".

The three-day exhibition on plastics and petrochemicals was themed 'Indian Plastic and Petrochemical sector: Potential for Global Manufacturing Hub.'

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