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I take this opportunity to share my perspective on the various activities that AIPMA has undertaken during the month of August.
With a population of 1.32 Billion people in a country like India, our competition is with China. Keeping in mind the labor laws and industrial scenario of competitive nations, the time is ripe to invest in increasing the potential of plastic processors, by 2x/ 3x. India stands at a unique proposition where the per capita consumption of plastics is merely 12-13 kgs, whereas the global average is 35 kgs and above. There is a need for innovative design thinking, technicians, supervisors and machine operators, engineers from polymer background are looking forward to novel approaches in education.
Advent of IT solutions have made organizations rich in data. Still, the full potential of this data cannot be exploited as the decision makers are confronted with complex web of analytical platforms. We organized a webinar- “BUSINESS INTELLIGENCE & DATA ANALYTICS- Identify new Markets for the Plastics Products in India & Abroad using Data Analytics Technique” to address all the challenges presently faced by the industry. The program gave a glimpse of what an organization can do with data at their fingertips. After explaining what data analytics is all about, the speakers gave a live demonstration of how to find data free online with the help of a few tools and he showed the people present not just how to use the tools, but also how the same is available for the Plastics Industry. Many people knew that there are ways to get data but were amazed to learn that the same is also available for the Plastics Industry worldwide.
With reference to the stakeholder consultation organized by the Department of Chemicals and Petrochemicals recently to discuss twenty-three number of Indian standards for making them mandatory. Most of these 23 items are polymers (raw material). After careful and detailed analysis of the proposal, AIPMA put forward its representation to the Hon’ble Minister of MSME, Mr. Nitin Gadhkari. We highlighted that the proposal to make BIS standards mandatory on polymers would be detrimental and damaging to the growth of the plastics processing industry. Therefore, we along with other associations oppose the proposal of the Government to make BIS standards mandatory on raw material and urged them to save the interest of the processing industry which is already reeling under tremendous challenges due to the pandemic.
We are also bring a very useful and significant series of 5 workshops- “Profit Leadership Executive Development Workshop Series”. The short term objective of this series is to facilitate the participants develop the right competencies through hands-on experience on key tools & techniques so that they can take up cost optimization initiatives within their organization in the following areas of inventory cost, manufacturing conversion cost, material cost and Cost of poor-quality. In addition to short term objectives this workshop will enable the industry to develop the road map for next 3 years of organizational growth through envisioning and strategy. The series have received an overwhelming response and a large number of registrations have been done for this one- of- a- kind workshop.