Close Menu
PNN DigitalPNN Digital
    Facebook X (Twitter) Instagram
    PNN DigitalPNN Digital
    • Business
    • National
    • Entertainment
    • Lifestyle
    • Education
    • Press Release
    • Submit Your PR
    PNN DigitalPNN Digital
    Home - Business - Plexconcil to hold India’s 1st export-focused & Plastic international trade fair in Mumbai
    Business

    Plexconcil to hold India’s 1st export-focused & Plastic international trade fair in Mumbai

    PNN Online DeskBy PNN Online DeskDecember 24, 2022No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    ·        Plexconcil aims to increase India’s Plastic exports to USD 25 billion by 2025

    ·        Plexconnect 2023 to bring global importers and Indian exporters under one roof

    ·        Global supply chain disruption, big opportunity for India

    ·        Plexconnect 2023 to promote technology exchange between India and leading global technology providers

    Mumbai (Maharashtra) [India], December 24: As India emerges as the global sourcing hub, the Government-promoted Plastics Export Promotion Council (PLEXCONCIL) will organise the country’s first ever export-focused trade fair for plastic industry from 15-17 June 2023 in Mumbai.

    “India 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,” said Hemant Minocha, Chairman of PLEXCONCIL. With 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.

    In this context, the exhibition PLEXCONNECT to be held at Bombay Exhibition Centre (NESCO), Goregaon, from June 15 to 17 assumes significance.

    Global export market of all plastics products is valued at USD 1.2 trillion in which India’s share is about 1.1%. “This 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,” said Ravish Kamath, Chairman-Plexconnect 2023.

    For over six decades Plexconcil, with the active support from Ministry of Commerce and Industry, has been driving and accelerating the exports growth of the Indian Plastics industry, he said.

    Now, the Council intends to bring a larger number of the industry players, MSMEs in particular, into the exporter fraternity and help them grow with the economy, Kamath said.

    The Government has been focusing on renegotiating and fast-tracking Free Trade Agreements (FTAs) with numerous countries including the UK, Canada, EU and 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. “PLEXCONCIL is keen that the MSMEs take full advantage of these, Sribash Dasmohapatra, Executive Director of Plexconcil said.

    He explained that PLEXCONNECT 2023 will 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.

    The expo will attract top machinery manufacturers from India as well as countries such as Germany and Italy, 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 600 unique select buyers from 115 countries to source their requirements from India.

    India’s plastics export has been growing at a CAGR of 12% and PLEXCONCIL plans to double exports to reach USD 25 billion by 2025.

    India currently exports to over 200 countries globally including China, the US, UAE, Bangladesh, Nepal, UK, Turkey, Germany, Italy and the Netherlands. 

    The Plastics Export Promotion Council (PLEXCONCIL) – which acts as a bridge between the Industry and the Government – 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’s image abroad as a reliable supplier of high-quality products in order to give a boost to the country’s exports.

    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.

    Products from the Indian plastics industry are exported to over 200 countries across the globe.

    For updates: https://plexconcil.org/

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    PNN Online Desk
    • Website

    Related Posts

    Robots Welcome IEM’s Class of 2025: A Futuristic Start to a Promising Journey

    July 5, 2025

    Crack the ITBP CAPF MOSB Interview with Confidence — Join PD Classes 7-Day Success Formula

    July 5, 2025

    From College Friends to Growth Partners: The Journey of Aditya Trivedi & Bhavin Bhatia

    July 5, 2025
    Add A Comment

    Comments are closed.

    Recent Posts
    • Robots Welcome IEM’s Class of 2025: A Futuristic Start to a Promising Journey
    • Crack the ITBP CAPF MOSB Interview with Confidence — Join PD Classes 7-Day Success Formula
    • From College Friends to Growth Partners: The Journey of Aditya Trivedi & Bhavin Bhatia
    • Third MBBS batch of A.K.Educational Consultants graduates from renowned Immanuel Kant Baltic Federal University
    • HIITMS Academy: Bridging Talent with Global Standards

    Robots Welcome IEM’s Class of 2025: A Futuristic Start to a Promising Journey

    July 5, 2025

    Crack the ITBP CAPF MOSB Interview with Confidence — Join PD Classes 7-Day Success Formula

    July 5, 2025

    From College Friends to Growth Partners: The Journey of Aditya Trivedi & Bhavin Bhatia

    July 5, 2025

    Third MBBS batch of A.K.Educational Consultants graduates from renowned Immanuel Kant Baltic Federal University

    July 5, 2025

    HIITMS Academy: Bridging Talent with Global Standards

    July 5, 2025

    Save Earth Mission Unveils Global Vision – Announces World’s Largest Plantation Drive in Over 60 Countries Starting August 2025

    July 4, 2025
    PNN Digital
    2025 © pnn.digital

    Type above and press Enter to search. Press Esc to cancel.