Dear Members & Industry colleagues,
Warmest Greetings from Gujarat State Plastics Manufacturers' Association (GSPMA). First of all I convey my best wishes to all of you for the year 2017.
PLASTICS is one of the fastest growing industries in India experiencing a double digit growth rate on an average. Make in India, Digital India, Swachh Bharat Abhiyan and Start up India initiatives by Government of India are opening up new opportunities for even more accelerated growth in this Industry. Plastics Industry would also contribute significantly in the success of all such programmes. Smart cities, rapid urbanization, increase in sale of packaged products through retail & ecommerce mode, low per capita consumption, shifting consumer lifestyles, large young population, majority population of middle income group, many manufacturing segments adopting higher percentage of plastics, etc. are contributing towards the growth of Plastic Industry has geared itself to take up the challenges of quantitative and qualitative growth for serving the nation and its citizen & also to take the country to a higher growth path. The industry grew by 15 per cent annually in last five years and expect to continue double-digit growth beyond 2017-18. The consumption of plastics is set to increase from the current 12 million metric tonnes to 20 million metric tonnes per annum by 2020. The export of plastic finished goods alone is set to nearly double from $ 7.9 billion currently to $ 15 billion in the next five years. The industry is determined to play significant role in government's vision of raising exports to $ 900 billion by 2020. There are tremendous usages of plastics in major sectors like automobiles, agriculture, infrastructure, packaging, consumer durables, IT & telecom, new & renewable energy and healthcare which will provide limitless opportunities ahead.
As you all aware, with the increasing use of plastics, the problem of disposal of its waste becomes intensive. What is expected is proper education to the common man on plastics waste management. GSPMA already initiated efforts in this direction to spread the awareness about plastics waste management at various levels beginning from schools to housing societies as to use, reuse & recycle PLASTICS in the larger interest of the society.
Wishing you all the best,