About the Indian Plastic Industry
The Plastics Industry in India
has made significant achievements ever since it made a modest but
promising beginning by commencing production of Polystyrene in 1957. The
chronology of manufacture of polymers in India is summarised as under:-
- 1957-Polystyrene
- 1959-LDPE
- 1961-PVC
- 1968- HDPE
- 1978-Polypropylene
The potential Indian market has motivated Indian entrepreneurs to
acquire technical expertise, achieve high quality standards and build
capacities in various facets of the booming plastic industry. Phenomenal
developments in the plastic machinery sector coupled with matching
developments in the petrochemical sector, both of which support the
plastic processing sector, have facilitated the plastic processors to
build capacities to service both the domestic market and the markets in
the overseas.
The plastic processing sector comprises of over 30,000 units involved
in producing a variety of items through injection moulding, blow
moulding, extrusion and calendaring. The capacities built in most
segments of this industry coupled with inherent capabilities has made us
capable of servicing the overseas markets.
The economic reforms launched in India since 1991, have added further
fillip to the Indian plastic industry. Joint ventures, foreign
investments, easier access to technology from developed countries etc
have opened up new vistas to further facilitate the growth of this
industry.
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