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I thank members of AIPMA for electing me as President of this prestigious organization.
Plastic Industry is taking a very significant part in the contribution of the progress of our country. It has contributed greatly to different sectors in the country such as Automotive, Construction, Electronics, Healthcare, Textiles, and FMCG etc. The plastic industry contributes to almost every daily requirement which is clothing, housing, construction, furniture, automobiles, household items, agriculture, horticulture, irrigation, packaging, medical appliances, electronics and electrical items. Plastic Industry grows in the huge regional diversification of India, Western India accounts for 47%, Northern India for 23% and Southern India for 21%. Per capita consumption of the plastic Industry is increasing heavily. India’s plastic has grown 13% annually in the last 5 years and similar growth is expected even in the future. There are over 50,000 registered plastic processing units.
Even though Plastic Industry has an enormous growth potential, it still faces immense challenges in terms of environmental myths. As you know, the plastics industry in India is going through a serious challenge and churning. These are testing times for the industry. We are thankful to Government of India for calling off any possibility of imposing a blanket ban on single-use plastics since this measure could have been too disruptive for industry at a time when it is coping with an economic slowdown and job losses.
AIPMA would continue to actively work with all stakeholders including the industry, policy makers, R&D institutions, Waste management companies and Recyclers in finding solutions to the problem of plastics waste management. AIPMA also plans to take the initiative of Extended Producers Responsibility (EPR) to a higher level. We plan to widen our reach and provide EPR services for all our industry members.
For AIPMA, partnership with Government has always been a central priority as we believe that industry is a key player in national development. As economic reforms open up the space for efficient markets, productive enterprises and better human capabilities, Indian plastic industry’s role has intensified and gained immense traction. Today, Indian plastic industry is performing capably and taking the lead across key sectors of applications.
AIPMA works very closely with the Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Ministry of Commerce and Industry, Ministry of Micro Small and Medium Enterprises, Ministry of Environment Forest & Climate Change for creating conducive policies and procedures for trade and investment. We also work very closely with the foreign embassies / missions in India, multilateral agencies, think tanks, universities and institutions such as CIPET.
AIPMA has grand plans for the industry. We are looking forward to soon operationalize Arvind Mehta Technology Centre (AMTEC) at Mumbai. AMTEC will be among the top Knowledge Management Centres leveraging world class infrastructure, systems and people, delivering quality knowledge and services. AMTEC aims to enhance the competitiveness of the plastics industry through the provision of professional services and training in innovation process, technology and management as well as the latest update on the industry.
Industry is looking at newer opportunities in the field of plastics & diversification towards a sustainable future ahead. AIPMA plans to setup Atal Community Innovation Centres at AIPMA House in Mumbai and Gurugram aiming at Transformation through Capacity Building Programs, Mentoring facilities, Design Consulting for newer products, services and processes. The Centres would host Incubator focused at emerging and environmentally friendly Technologies and services that might be needed as the business and industry evolves leading to more streams of opportunity for startups and pushing the need for Innovation. We are also planning setup a 3D Printing (Additive manufacturing) and cutting-edge Artificial Intelligence Lab in AMTEC, Mumbai and AIPMA House, Gurgaon as part of Industry 4.0 initiatives.
AIPMA will continue to organize International Events, Seminars, International delegations and Meetings with Governments, decision-makers, Networking Sessions with counterpart organizations, multilateral and academic institutions and other policy making bodies to build a strong Trade and Investment relationship.
India has great opportunity in increasing its exports of plastics finished goods due to ongoing International trade factors. Steps towards easy access to credit, trade facilitation, FTAs and standards and certifications would encourage Indian plastics processors to look overseas with more vigor.
Strong action to spur consumption, investments and net exports will take GDP growth rates much higher. We expect the Government to engage strongly with the industry to ideate and implement impactful policy solutions for higher growth. AIPMA is according high attention to three key issues of energizing growth, generating new jobs, Skill development and making environmental friendly products. AIPMA is focusing on strengthening Indian industry’s role in policy solutions as well as targeted action initiatives under the theme of Competitiveness of India Inc: India@75 – Forging Ahead.
I look forward for cooperation of all our members and Industry in making all our future endeavors a grand success.