{"id":25395,"date":"2022-12-24T08:14:59","date_gmt":"2022-12-24T08:14:59","guid":{"rendered":"https:\/\/northwestnewstimes.com\/index.php\/2022\/12\/24\/plexconcil-to-hold-indias-1st-export-focused-plastic-international-trade-fair-in-mumbai\/"},"modified":"2022-12-24T08:14:59","modified_gmt":"2022-12-24T08:14:59","slug":"plexconcil-to-hold-indias-1st-export-focused-plastic-international-trade-fair-in-mumbai","status":"publish","type":"post","link":"https:\/\/northwestnewstimes.com\/index.php\/2022\/12\/24\/plexconcil-to-hold-indias-1st-export-focused-plastic-international-trade-fair-in-mumbai\/","title":{"rendered":"Plexconcil to hold India\u2019s 1st export-focused & Plastic international trade fair in Mumbai"},"content":{"rendered":"
\"\"<\/div>\n

\u00b7\u00a0 \u00a0 \u00a0 \u00a0\u00a0Plexconcil aims to increase India\u2019s Plastic exports to USD 25 billion by 2025<\/p>\n

\u00b7\u00a0 \u00a0 \u00a0 \u00a0\u00a0Plexconnect 2023 to bring global importers and Indian exporters under one roof<\/p>\n

\u00b7\u00a0 \u00a0 \u00a0 \u00a0\u00a0Global supply chain disruption, big opportunity for India<\/p>\n

\u00b7\u00a0 \u00a0 \u00a0 \u00a0\u00a0Plexconnect 2023 to promote technology exchange between India and leading global technology providers<\/p>\n

Mumbai (Maharashtra) [India], December 24<\/strong>:<\/strong>\u00a0As India emerges as the global sourcing hub, the Government-promoted Plastics Export Promotion Council (PLEXCONCIL) will organise the country\u2019s first ever export-focused trade fair for plastic industry from\u00a015-17 June 2023 in Mumbai.<\/strong><\/p>\n

\u201cIndia currently exports plastics to over 200 countries and due to the changing business paradigm, we see a major opportunity for boosting the opportunities in developed economies as well as emerging markets for the industry,\u201d said\u00a0Hemant Minocha, Chairman of PLEXCONCIL.<\/strong>\u00a0With disruption in supply chains, global economic cooperation continues to reduce dependency on traditional sourcing destinations. India, thus, has emerged as a leading sourcing hub for numerous products, including plastics products, Minocha pointed out.<\/p>\n

In this context, the exhibition\u00a0PLEXCONNECT\u00a0<\/strong>to be held at Bombay Exhibition Centre (NESCO), Goregaon, from June 15 to 17 assumes significance.<\/p>\n

Global export market of all plastics products is valued at\u00a0USD 1.2 trillion<\/strong>\u00a0in which India\u2019s share is about 1.1%. \u201cThis is where, the Indian plastic industry has a lot of ground to cover even as we attract the global majors to source from and invest in India, as envisaged by the Prime Minister,\u201d said\u00a0Ravish Kamath, Chairman-Plexconnect 2023.<\/strong><\/p>\n

For over six decades Plexconcil, with the active\u00a0support from Ministry of Commerce and Industry,<\/strong>\u00a0has been driving and accelerating the exports growth of the Indian Plastics industry, he said.<\/p>\n

Now, the Council intends to bring a larger number of the industry players,\u00a0MSMEs<\/strong>\u00a0in particular, into the exporter fraternity and help them grow with the economy, Kamath said.<\/p>\n

The Government has been focusing on renegotiating and fast-tracking Free Trade Agreements (FTAs) with numerous countries including the\u00a0UK, Canada, EU<\/strong>\u00a0and so on. India has recently concluded its trade agreement with UAE under CEPA & Australia under ECTA. Plus, there several Government schemes and subsidies from the MSME Ministry, Ministry of Commerce, etc to facilitate and promote exports. \u201cPLEXCONCIL is keen that the MSMEs take full advantage of these,\u00a0Sribash Dasmohapatra, Executive Director of Plexconcil<\/strong>\u00a0said.<\/p>\n

He explained that\u00a0PLEXCONNECT 2023<\/strong>\u00a0will be a unique platform designed to bring the global plastics fraternity and allied industries under one roof and showcase the prowess of the Indian Plastics Processing Industry.<\/p>\n

The expo will attract top machinery manufacturers from India as well as countries such as\u00a0Germany and Italy<\/strong>, as well as showcase live machine demos, recycling technologies, technical seminars and more which will provide an excellent opportunity for the indigenous industry, he said. A Reverse Buyer Seller Meet will also be held where\u00a0600<\/strong>\u00a0unique select buyers from\u00a0115 countries<\/strong>\u00a0to source their requirements from India.<\/p>\n

India\u2019s plastics export has been growing at a\u00a0CAGR of 12%<\/strong>\u00a0and PLEXCONCIL plans to double exports to reach\u00a0USD 25 billion by 2025<\/strong>.<\/p>\n

India<\/strong>\u00a0currently exports to over 200<\/strong>\u00a0countries globally including\u00a0China, the US, UAE, Bangladesh, Nepal, UK, Turkey, Germany, Italy and the Netherlands.<\/strong>\u00a0<\/p>\n

The Plastics Export Promotion Council (PLEXCONCIL) \u2013 which acts as a bridge between the Industry and the Government \u2013 was established by the Ministry of Commerce & Industry, Department of Commerce, and Government of India on 15th July, 1955, as a non-profit organisation. It was one of several Export Promotion Councils (EPCs) launched by the Government to project India\u2019s image abroad as a reliable supplier of high-quality products in order to give a boost to the country\u2019s exports.<\/p>\n

PLEXCONCIL is the apex body of the plastics industry in India and represents over 2,500 exporters who manufacture\/export plastics products ranging from plastics raw materials to semi-finished and finished items. The Council has its headquarters in Mumbai, and regional offices in New Delhi, Kolkata, Chennai and Ahmedabad.<\/p>\n

Products from the Indian plastics industry are exported to over 200 countries across the globe.<\/p>\n

For updates:\u00a0https:\/\/plexconcil.org\/<\/a><\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00b7\u00a0 \u00a0 \u00a0 \u00a0\u00a0Plexconcil aims to increase India\u2019s Plastic exports to USD 25 billion by 2025 \u00b7\u00a0 \u00a0 \u00a0 \u00a0\u00a0Plexconnect 2023 to bring global importers and Indian exporters under one roof \u00b7\u00a0 \u00a0 \u00a0 \u00a0\u00a0Global supply chain disruption, big opportunity for India \u00b7\u00a0 \u00a0 \u00a0 \u00a0\u00a0Plexconnect 2023 to promote technology exchange between India and leading […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[1343],"class_list":["post-25395","post","type-post","status-publish","format-standard","hentry","category-business-news","tag-business"],"_links":{"self":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/25395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=25395"}],"version-history":[{"count":0,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/25395\/revisions"}],"wp:attachment":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=25395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=25395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=25395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}