Latest Plastic News India- Sector Being Courted by DP World, Jebel Ali Free Zone

In the latest plastic news India and other development, the Jebel Ali Free Zone and DP World, UAE Region have been extensively collaborating with the apex body for the Indian plastics industry and the organizer behind one of the country’s biggest plastic exhibitions, Plastivision. Current plastic news India reports confirm that the two entities have collaborated with AIPMA (All India Plastic Manufacturers’ Association) for the pioneering webinar titled Enabling India’s Plastic Sector to Go Global.

Along with organizing this mega plastic exhibition periodically in India, AIPMA is known as the guardian body of the industry, advocating new policies and measures to the Government, promoting growth of the industry, ensuring safe practices and adherence to all industry standards and also syncing between policy makers and the industry at large. The virtually held webinar and conference explored major global plastic trade developments while fostering idea exchange amongst participants on tackling all industry hurdles. As per reports from the industry, plastic exports in India between April last year and January 2020 touched a whopping $7.045 billion with the biggest contribution of $2.91 billion coming from plastic raw materials while $1.22 billion was contributed by the sector encompassing plastic films, sheets and plates. Packaging materials also contributed a handsome $722.47 million to this kitty.

The Indian plastics industry under the guardianship of AIPMA is aiming for global polymer export market share of a minimum of 3% by the year 2025. Jebel Ali Port and Jafza which are the flagships of DP World were positioned at the webinar, highlighting their advantages as hubs for the plastics sector in India. Major benefits include easy proximity to raw materials along with ample industrial land availability for manufacturing, port-based logistics facilities for smoother polymers conversion, easy connectivity to multiple Middle East markets and services for augmenting the value chain for polymers plastics. AIPMA’s President Chandrakant Turakhia stated at the occasion that this endeavor will be greatly helping the Indian plastics sector to get access to newer markets and business opportunities while enabling better solutions in terms of the supply chain. He also opined that this will be complementary to the Make in India to Make for the World vision of the country while enabling better investments for businesses in the country. The India-UAE Bridge launched last year by DP World for drawing more trade and investments from India, will be of immense help for the plastics sector with a view towards expanding globally and also in the Middle East according to him.

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