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Plexconcil: India s plastics exports grew 60% in June 2021: PLEXCONCIL
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Suspension of benefits under incentive schemes to affect exporting community s confidence: PHDCCI
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Plastic exports may jump 20-25% in FY22; Centre s support needed, says PLEXCONCIL Chairman
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Last Updated: Jul 04, 2021, 01:06 PM IST
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The sector is facing tough competition from China, and support from the government on these issues would help us in enhancing competitiveness of domestic goods in international markets, PLEXCONCIL Chairman Arvind Goenka said.
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The country s plastic exports are expected to grow 20-25 per cent to USD 12 billion in the current fiscal year on account of favourable market conditions and increasing demand for domestic goods in key destinations such as the US and Europe, PLEXCONCIL Chairman Arvind
Goenka said. The chairman of Plastics Export Promotion Council of India (PLEXCONCIL) also said though the order books of exporters are healthy, government support is needed in certain areas to further push exports as the sector holds huge potential to create jobs.
Plastic exports may grow 25% in FY22, says Plexconcil chairman
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Inverted duty structure refers to taxation of inputs at higher rates than finished products. The country s plastic exports are expected to grow 20-25 % to $ 12 billion in the current fiscal year on account of favourable market conditions and increasing demand for domestic goods in key destinations such as the US and Europe, PLEXCONCIL Chairman Arvind Goenka said. The chairman of Plastics Export Promotion Council of India (PLEXCONCIL) also said though the order books of exporters are healthy, government support is needed in certain areas to further push exports as the sector holds huge potential to create jobs. In 2021-22, we are expecting a growth of 20-25 % in exports. It should touch $ 12 billion from $ 9.5 billion in 2020-21. During April-May this fiscal year, we exported goods worth about $ 1 billion. Government support will help us in boosting the exports significantly, he told PTI.